Tiancheng Automation (603085.SH) plans to set up a subsidiary with a capital of 20 million yuan to increase production capacity.

Zhixun Finance APP News, Tiancheng Automation (603085.SH) announced that the company plans to invest in the establishment of a subsidiary with a registered capital of 20 million yuan. It is reported that this investment will help increase the company's production capacity of passenger car seats, improve the company's overall competitiveness and industry position in the passenger car seat industry, and further consolidate and expand the company's competitive advantage.