According to the Tianyancha App, Wuhu Qida Power Battery System Co., Ltd., a subsidiary of Chery Automobile, has recently finalized its industrial and commercial registration modifications. The company's registered capital has been substantially increased from around 230 million yuan to approximately 2.53 billion yuan, reflecting a remarkable surge of 1004%. Founded in June 2015 and legally represented by Li Zhongbing, the company specializes in battery manufacturing and sales, along with the production of automotive parts and components. As a wholly-owned entity of Chery Automobile, Qida Power's capital enhancement underscores its strategic importance within the automotive group.
