Xinquan shares plans to expand overseas business and set up a German subsidiary

Xinquan Co., Ltd. announced that it will set up new subsidiaries in Munich and Bavaria, Germany to accelerate the pace of globalization. The company plans to invest 36 million euros to set up Xinquan (Europe) in Munich and 30 million euros in Bavaria to set up Xinquan (Bavaria) Auto Parts Co., Ltd. This move is aimed at better serving overseas customers, expanding overseas markets, and seizing the international development trends and customer needs of the automotive industry.