Merkurion establishes a new company in Chongqing including the car spare parts business.

According to the investigation on the Qichacha APP, recently, Chongqing Red Star Meikailong Tonghui Home Furnishings Co., Ltd. was established with a registered capital of 2 million yuan. Its business scope includes: sales of new energy vehicles; sales of accessories for new energy vehicles; sales of automobiles; retail of automobile parts, etc. According to the equity penetration shown on Qichacha, the company is indirectly wholly owned by Meikailong.