On November 5, 2025, Xiling Power (stock code: 300733.SZ) made an official announcement stating its intention to acquire 100% of the shares in Vitesco Automotive Electronics (Shanghai) Co., Ltd. These shares are currently owned by Vitesco Technologies Investment (China) Co., Ltd., and the acquisition will be executed through a cash transaction. The total consideration for this deal encompasses several components: a base payment, any excess of the closing net working capital over the predetermined target net working capital, the value of closing cash and equivalents, and the net amount resulting from the difference between the closing other current assets and liabilities and their respective target values. It is important to note that this acquisition neither qualifies as a related-party transaction nor as a major asset restructuring. Once the transaction is finalized, Vitesco Automotive Electronics (Shanghai) Co., Ltd. will officially become a wholly-owned subsidiary of Xiling Power.