JAC Motors Officially Unveils Its Intent to Acquire a Stake in Yinwang, a Company with Huawei as Its 80% Stakeholder
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Author:小编   

Today, Anhui Jianghuai Automobile Group (JAC Motors) officially announced its plan to invest in Yinwang Intelligent Technology Co., Ltd., with Huawei Technologies Co., Ltd. acting as the counterparty. At present, JAC Motors has not yet entered into a formal investment agreement with the involved parties. Details such as the investment amount, transaction method, and pricing remain undetermined, rendering the investment outcome uncertain. Currently, the major shareholders of Yinwang Intelligent Technology Co., Ltd. are Huawei, holding an 80% stake, Seres, with a 10% stake, and Avatar, also holding a 10% stake.