The Yinxiang Group (银翔) is an industrial company based in Chongqing, China, specializing in real estate and research, development, manufacturing and sales of motorcycles, passenger vehicles, gasoline engines and general-purpose engines and equipment.
The Yinxiang Group finally declared bankruptcy in 2021 with products rebranded under the Ruixiang brand.
Weiwang is a brand under the Beiqi (BAIC) Yinxiang Automobile joint venture that focuses on compact MPVs, CUVs, and minivans.
A total of 2 billion yuan was later invested in the company as of 2021, and it was renamed to BAIC Ruixiang Automobile.
300 million yuan comes from BAIC Group through a newly established subsidiary of Chongqing Changhe Automobile, 487 million came from the original Yinxiang Group and 1.2 billion came from an investment fund owned by the Chongqing municipal government.