Arcfox 77°
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Arcfox 77°
Arcfox (极狐) is a Chinese marque of electric passenger cars and SUV owned by BAIC BluePark based in Beijing founded in 2017. History Beginning In 2017, the Chinese automotive giant BAIC Group decided to create a new subordinate brand dedicated to the development of electric cars. The first model to go on sale locally was a microcar called Arcfox Lite, Lite aimed at the premium class. In March 2019, the global premiere of the Arcfox brand took place during the Geneva Motor Show, expressing the goals of expanding the Chinese brand's operations also on the European continent. The designs presented under the Arcfox brand in Europe were completely different from the concept of the Arcfox Lite, Lite. The first vehicle was a prototype of a large SUV ECF, whose styling was designed by designer Walter de Silva known for his work for Volkswagen Group. The second vehicle that participated in the world premiere of the Arcfox brand was the supercar Arcfox GT, GT, intended to present the ...
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ...
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