Re: RunPard (Lanbao) SUV
Thanks for the clarification Alex.
As for Zhongxing, my understanding is that it still retains its independence. That is, the GAC-ZX joint venture is a 40-60 share arrangement, set up back in 2013.
The giant GAC Auto has arrangements with three domestic makers now. Its joint venture with Gonow Auto, established in 2010, is a 51-49 share arrangement. On the other hand, Changfeng Auto, from which the CP2 platform came, was fully acquired by it in 2012.
Zhongxing, once partly owned by Brilliance Auto, has traditionally been an SUV and pickup manufacturer, and so when the sedan is finally introduced, it will be the fulfillment of a long standing dream for the company.