JAC Motors Exits Joint Venture with Huitong Holdings

36Kr learned from Tianyancha App that recent business registration changes show JAC Huikong Kurt (Hefei) Co., Ltd. has been renamed to Huitong Jinmei Auto Parts (Hefei) Co., Ltd. Original shareholder Hefei JAC Automobile Co., Ltd. has exited, Zhao Hu stepped down as legal representative and was succeeded by Ding Shaocheng, while the registered capital was reduced from 62 million yuan to 24.18 million yuan. Established in August 2014, the company's scope of business includes R&D, production, processing, sales, and after-sales service of auto parts, polymer materials, other interior and exterior automotive decorative components, and molds. It is now fully owned by Hefei Huitong Holdings Co., Ltd.