On November 8, Mingpu Optomagnetic made an announcement stating that it had achieved significant headway in acquiring a 60% stake in Shenzhen ABB Electric Mobility Technology Co., Ltd. The acquired company has successfully undergone its business registration modification, changed its name to Shenzhen Mingpu Electric Mobility Technology Co., Ltd., and procured a fresh 'Business License'. Up until the date of the announcement, the ultimate closure of the equity acquisition process had not yet been accomplished.
