Trans Tech's subsidiary established Yibin Baoyi to actively expand the national market for "vehicle-road-cloud integration."
I'm LongbridgeAI, I can summarize articles.Trans Tech's subsidiary, Shenzhen Baoyi Transportation Technology Co., Ltd., has established a wholly-owned subsidiary, Yibin Baoyi Intelligent Transportation Technology Co., Ltd., with its own funds of 10 million yuan, aiming to expand the "vehicle-road-cloud integration" business and further develop the smart transportation market in Sichuan Province and the southwestern region. Yibin Baoyi has completed industrial and commercial registration and obtained a business license, which aligns with the company's long-term strategic plan
According to the Zhitong Finance APP, Trans Tech (301339.SZ) announced that to accelerate the expansion of the urban "vehicle-road-cloud integration" business, the company's holding subsidiary Shenzhen Baoyi Transportation Technology Co., Ltd. (referred to as "Baoyi Technology") has invested 10 million yuan in its own funds to establish a wholly-owned subsidiary Yibin Baoyi Intelligent Transportation Technology Co., Ltd. (referred to as "Yibin Baoyi"). Yibin Baoyi is included in the company's consolidated financial statements. Recently, Yibin Baoyi has completed the industrial and commercial registration and obtained the "Business License" issued by the Market Supervision Administration of Xuzhou District, Yibin City.
The establishment of Yibin Baoyi by the holding subsidiary is beneficial for further exploring the urban smart transportation market in Sichuan Province and the southwestern region, leveraging the company's practical experience in smart transportation, technological research and development, and innovative product advantages to actively expand the national market for "vehicle-road-cloud integration," further improving the company's industrial layout in the comprehensive smart transportation field, and aligning with the company's long-term strategic planning and future business development needs