Data from the Tianyancha App reveals that Shanghai Automotive Industry Sales Co., Ltd. has recently finalized alterations to its industrial and commercial registration, elevating its registered capital from roughly 4.28 billion yuan to approximately 4.68 billion yuan. Founded in January 1993, the company is headed by Wang Zemin as its legal representative. Its operations span the sale of automobiles, motorcycles, and associated spare parts, in addition to the distribution of complete new energy vehicles and electrical components. The entity is a wholly-owned subsidiary of SAIC Motor Corporation Limited.
