Ideal increases capital of its subsidiary car sales company by 14 billion Is this the confidence behind breaking monthly sales of 40,000?

Ideal increases capital of car sales subsidiary by 14 billion Is this the reason for breaking 40,000 monthly sales?

【PhoneAuto News】Recently, PhoneAuto noticed that according to the information displayed on the QCC App, Jiangsu Xindian Interactive Automobile Sales Service Co., Ltd. has undergone a change in its business registration, with its registered capital increasing from 2.411 billion yuan to 3.851 billion yuan, an increase of more than 1.4 billion yuan.

It is worth mentioning that according to information displayed on the QCC App, this Jiangsu Xindian Interactive Automobile Sales Service Co., Ltd. has undergone several changes in its business registration in the past year. Previously, on March 24, 2022, the company’s registered capital was increased to 1.068 billion yuan, an increase of about 43.86%; on November 16, 2022, its registered capital was further increased from 1.068 billion yuan to 1.691 billion yuan, an increase of over 600 million yuan; on April 26, 2023, Jiangsu Xindian Interactive Automobile Sales Service Co., Ltd. underwent another change, with its registered capital increasing from 1.691 billion yuan to 2.411 billion yuan. Overall, this company has increased its capital four times in about a year.

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According to the business information, Jiangsu Xindian Interactive Automobile Sales Service Co., Ltd. was established in 2017, and its business scope includes the sales and after-sales service of automobiles, motorcycles, and used cars; information consulting services for automobiles, motorcycles, and used cars; sales of automobile parts, motorcycle parts, and used car parts, and so on. Currently, this company is wholly-owned by Leading Ideal HK Limited, which also holds multiple sales service companies such as Ideal Smart Automobile Sales Service (Beijing) Co., Ltd. and Ideal Smart Automobile Sales Service (Chongqing) Co., Ltd.

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