Group 1 - Hengli Group has established a new company named Zhejiang Baisida Transmission Technology Co., Ltd with a registered capital of 50 million yuan [1] - The company's business scope includes manufacturing gears and gear reducers, sales of precision gear transmission devices, manufacturing of automotive parts and components, and wholesale of automotive accessories [1] - The company is co-owned by Hengli Group, Wu Jiao Jun, and Wu Jia Qi [1]