Kingsun New Materials and others established a precision injection molding company, including automotive components business.

According to the Enterprise Check APP, Guangdong Huazhi Precision Molded Plastics Co., Ltd. was recently established with a registered capital of 66 million yuan. Its business scope includes: research and development of automotive parts; manufacturing of automotive parts and accessories; wholesale of automotive parts; retail of automotive parts, etc. According to the equity penetration displayed by Enterprise Check, the company is jointly held by Qixin Materials and others.