Yuqing Power Aerospace Technology Established in Shanghai

Yuqing Power (Shanghai) Aerospace Technology Co., Ltd. has been established, according to 36Kr, citing Tianyancha App. The company, with a registered capital of 10 million yuan, is focused on rocket engine R&D and manufacturing, as well as technical services. It is jointly held by Xi'an Aerospace Propulsion Institute and Xi'an Aerospace Science and Technology Industry Co., Ltd., a subsidiary of China Aerospace Science and Technology Corporation (CASC).