Is Shanghai Ronghe Electric Branch a fraud company?

Shanghai Ronghe Electric Branch is a Sino-foreign joint venture financing leasing enterprise approved by Shanghai Local Financial Supervision Administration, with a registered capital of 500 million yuan. Ronghe Electric Branch, formerly known as Ronghe Leasing New Energy Automobile Division, is an important strategic sector in the field of Ronghe Leasing New Energy Transportation and belongs to a regular operating company.

Shanghai ronghe electric finance leasing co., ltd was established on September 23rd, 20th19th. The company's business scope includes: financial leasing business, leasing business, purchase of leased property at home and abroad, residual value treatment and maintenance of leased property, consulting and guarantee of leasing transactions, and commercial factoring business related to its main business.