According to the Tianyancha App, on July 9, Shanghai Volvo Car R&D Co., Ltd. underwent business changes. Yuan Xiaolin stepped down as legal representative and was replaced by Duan Jianjun. The company was founded in January 2014 with a registered capital of about 619 million yuan. Its business scope includes R&D and testing related to automobiles, parts, engine manufacturing, IT infrastructure technology, and automobile sales. According to shareholder information, Volvo Cars Investment Co., Ltd. and Zhejiang Geely Holding Group Co., Ltd. each hold 50% of the shares.

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