Shenzhen Inovance TechSubsidiary co-founds a new rail transit equipment company, expanding market presence and potential orders.

Jiangsu Jingwei Rail Transit Equipment, a wholly owned subsidiary of Inovance Technology, has jointly invested with natural person Wang Jishuang to establish Qingdao Jingwei Ruijili Rail Transit Equipment in Qingdao. The legal representative of the new company is Wang Jishuang, and its business scope covers urban rail transit equipment manufacturing, motor manufacturing, as well as sales of specialized rail transit equipment, key systems and components, and high-speed rail equipment and parts.
Shenzhen Inovance TechSubsidiary co-founds a new rail transit equipment company, expanding market presence and potential orders.
As the investing subsidiary, it directly establishes a new entity to capture rail transit equipment business.
Newly formed company is the subject of the article, set to manufacture and sell rail transit equipment.