China FAW and others invest in QianGu Technology, which is a provider of automotive drive-by-wire chassis solutions
According to the Tianyancha App, recently, Shanghai Qiangu Automotive Technology Co., Ltd. underwent a business change, adding China FAW's wholly-owned subsidiary FAW Equity Investment Co., Ltd. and Baolong Automotive's wholly-owned subsidiary Shanghai Baolong Automotive Technology Co., Ltd. as shareholders. At the same time, the registered capital increased from approximately RMB 17.6532 million to approximately RMB 19.6336 million