Wang Xiaoqiu stepped down as the chairman of Shanghai SAIC Volkswagen Automotive Sales Company.

According to the Tianyancha App, recently, Shanghai SAIC Volkswagen Sales Co., Ltd. underwent a business change, with Wang Xiaoqiu stepping down as the legal representative and chairman, and being succeeded by Tao Hailong. The company was established in July 2000 with a registered capital of 29.98 million US dollars. Its business scope includes car sales, retail of car parts, brokerage of used cars, and operation services for small and micro passenger car leasing. The company is jointly held by SAIC Group, Volkswagen Investment Co., Ltd., and SAIC Volkswagen Automobile Co., Ltd.