Recently, Chongqing Wanzhou Changwei Automobile Sales and Service Co., Ltd. made its official debut. The company is headed by Jiang Siyi, who serves as the legal representative, and boasts a registered capital of 10 million yuan. (While some sources mention a registered capital of 12 million yuan, the figure of 10 million yuan, as reported by the majority of sources, shall be considered accurate.) Its scope of business encompasses automobile sales, sales of new - energy vehicles, and the operation of small and micro passenger car rental services. A closer look at the equity structure reveals that this company is a wholly - owned subsidiary of GAC Business Co., Ltd., which itself is a subsidiary of Guangzhou Automobile Group Co., Ltd.