TYW plans to establish a subsidiary to further expand its customer base in the passenger car market
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TYW announced a joint investment with Sanfeng Group to establish a holding subsidiary with a registered capital of RMB 10 million. TYW will invest RMB 7 million, while Sanfeng Group will invest RMB 3 million. This move aims to expand the customer base in the passenger vehicle market, meet the supply demands of complete vehicle manufacturers, enhance market share and core competitiveness, align with the company's development strategy, and hold positive strategic significance
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