On December 25, Unigroup Guoxin disclosed that its wholly-owned subsidiary, Unisoc Tongxin, intends to pool RMB 300 million alongside both affiliated and non-affiliated entities, such as Zhicheng Gaoyuan and Wending Investment (a fully-owned subsidiary of CATL), to set up Unisoc Tongxin Technology. This new venture will be dedicated to the research, development, production, and marketing of automotive domain control chips. Specifically, Unisoc Tongxin will cover 51% of the capital, whereas Wending Investment will account for 5%. Upon the transaction's conclusion, Unisoc Tongxin Technology will be consolidated into Unisoc Tongxin's financial statements. After the new company's formation, it aims to purchase the automotive domain control chip business asset group from Unisoc Tongxin using cash at the appraised value. The appraised worth of this asset group stands at RMB 193 million, with an appraisal appreciation rate soaring to 3,723.15%. From a business growth standpoint, the autonomous operation of the automotive domain control chip business and the involvement of Wending Investment are poised to bolster the company's partnerships with top-tier clients and elevate its product definition, technological advancements, and overall market competitiveness.
