It used to be a joint venture between Shandong automobile industry and FAW, but now it is a private enterprise.

Shandong Xiangpeng Automobile Co., Ltd. was restructured from FAW Shandong Automobile Refitting Factory. It is a limited liability company funded and managed by Jilin Dongguang Group Co., Ltd., China FAW Group Co., Ltd. and Yan Lei Investment Company. The company is located at No.5 South Ring Road, Penglai, covering an area of 486,000 square meters, with a registered capital of 200 million yuan, fixed assets of 370 million yuan and total assets of 65.438+32 billion yuan.

Institutions refer to social service organizations organized by state organs or other organizations with the purpose of social welfare and engaged in education, science and technology, culture, health and other activities. Institutions accept the leadership of the government and are legal entities in the form of organizations or institutions. Institutions are generally public welfare institutions established by the state, but they do not belong to government agencies and their staff are different from civil servants.