ByteDance invest to establish new auto companies

With the implementation and promotion of new energy vehicle policies, a large number of new car manufacturers have begun to rise, as well as the transformation of traditional car companies and the crossover of giants such as Xiaomi.

Moreover, Chongqing Vientiane UCAR Technology Co., Ltd. was formally established only yesterday. Its main business is related to the Internet and automobiles, with byte beating behind it, which seems to indicate some unusual dynamics.

According to the company’s app, the company’s registered capital is 1 million, and its legal representative is Li Fei. Its business scope includes network culture operations, technical services, computer system services, new car sales, computer software, and hardware and auxiliary equipment wholesale, auto parts wholesale, used car brokers, etc.

Besides, the equity penetration shows that the company is 100% owned by Beijing Nebula Technology Co., Ltd., which is a wholly-owned subsidiary of Bytedance.

|VIA|