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Huayu Automotive Systems Acquires 49% Stake in SAIC Qingtao for RMB 206 Million
2025-08-27 /
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Author：小编
On August 27, Huayu Automotive Systems announced its intention to acquire a 49% equity stake in Shanghai SAIC Qingtao Energy Technology Co., Ltd. from its controlling shareholder, SAIC Motor Corporation Limited, for a total consideration of RMB 206 million. This transaction constitutes a related-party deal. Upon successful completion, Huayu Automotive Systems will hold a 49% ownership in SAIC Qingtao. This acquisition marks Huayu Automotive Systems' debut into the solid-state battery industry, a strategic move aimed at enhancing its product portfolio within the "Smart Power" platform and fostering the synergistic growth of its "solid-state battery" business alongside "electric drive," "thermal management," and other related operations.
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