Exeed Sterra Phecda
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Exeed Sterra Phecda
Exeed Automobile Co., Ltd. () is an automotive division of premium sport utility vehicles introduced by China, Chinese automobile manufacturer Chery in September 2017. History The Exeed marque was introduced on September 14, 2017, at International Motor Show Germany in Frankfurt with the TX concept vehicle, a mid-size SUV wearing Chery badges. The first Exeed-branded vehicle to be revealed is the Exeed LX (concept car), Exeed LX concept revealed at Auto China on April 29, 2018, in Beijing. The first production Exeed model launched was the Exeed TX, Exeed TX/TXL mid-size SUV in March 2019. Next month in April at Auto Shanghai, a third Exeed concept vehicle was revealed, the Exeed E-IUV, E-IUV. In October, Exeed launched its second production vehicle, the Chery Tiggo 7-based Exeed LX, LX compact SUV. By the end of the year on November 22, 2019, at Auto Guangzhou, a concept vehicle, called the VX, previewing the brand's flagship SUV was revealed. The production Exeed VX full-size ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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