Taizhou, Zhejiang 4th most populous, and the 4th largest industrial prefecture-level city in Zhejiang Province . Chinese automotive manufacturing company Geely was founded in Taizhou which completes its acquisition of Volvo Cars in 2010, is one of China’s top ten auto manufacturers. Chinese auto parts manufacturer based Yuanhuan was one of China auto parts manufacturer based,here can produce all auto parts for vehicles. The largest HVAC fan company Yilida is also located in Taizhou. It is listed on Shenzhen Stock Exchange (Stock #002686) and has acquired Fulihua fan company in Suzhou in 2012. Taizhou is also one of the most important Mandarin,
Subsidiary other is not. In descriptions of larger corporate structures, the terms "first-tier subsidiary", "second-tier subsidiary", "third-tier subsidiary" etc. are often used to describe multiple levels of subsidiaries. A first-tier subsidiary means a subsidiary/daughter company of the ultimate parent company, while a second-tier subsidiary is a subsidiary of a first-tier subsidiary: a "granddaughter" of the main parent company. Consequently, a third-tier subsidiary is a subsidiary of a second-tier subsidiary—a "great-granddaughter" of the main parent company. The ownership structure of the small British specialist company Ford Component Sales, which sells Ford components to specialist car manufacturers and OEM manufacturers, such as Morgan