This subsidiary was acquired when Zhong Pan was in office.
Back in the days when domestic cars were not popular, Feichi Automobile didn't do well. The cars produced under its banner weren't recognized by the market, and the company suffered annual losses.
Zhong Pan thought countless times about selling this company.
Unfortunately, no buyer was willing to take over, so the company could only continue to operate in this half-dead manner.
After Zhong Xiqian took over,
the battery storage industry developed rapidly.
In the market, there were already a few electric vehicle brands launched.
Especially Meiyana's "Hertz" car, which became popular across the country and started to significantly invade the fuel vehicle market.
Zhong Xiqian sniffed out the business opportunity. After investing heavily, Feichi K7 electric car was pushed to the market, unexpectedly selling very well, instantly reviving this old brand car company on the brink of collapse.
