CVTE has established a new automotive electronics company in Chongqing

According to the Qichacha APP, recently, Chongqing Shicheng Automotive Electronics Co., Ltd. was established, with Ma Desheng as the legal representative. The business scope includes: sales of integrated circuit chips and products; manufacturing of integrated circuit chips and products; internet sales, etc. Qichacha's equity penetration shows that the company is wholly owned by CVTE indirectly