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Skyworth Auto
Skyworth Auto is a Chinese manufacturer of Electric car, electric passenger vehicles based in Nanjing, and operating since 2017. The brand belongs to Chinese company Nanjing Golden Dragon Bus, Skywell, in partnership with Skyworth, Skyworth Group. History Skywell New Energy In 2017, Skywell New Energy Automobile Group, Skywell, owner of Nanjing Golden Dragon Bus, announced an expansion into passenger vehicles. 'Skywell New Energy' was created with this goal as a subsidiary. In the same year, development work began on the first electric car at the research and development center in Nanjing. In 2020, Skywell's electric car development division officially introduced the Skywell ET5 as its first vehicle, to be manufactured by Tianmei Automobile. Skyworth Auto In April 2021, the division was renamed Skyworth Auto to distinguish it from parent Skywell New Energy Automobile Group, Skywell. Initially, the name change did not include the Skywell ET5 itself, however in July 2021 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
