Yadea Holdings has announced its intention to fully acquire Jin Jian through a cash transaction worth 1.02 billion yuan. Upon completion of this deal, Jin Jian will transform into an indirect wholly-owned subsidiary of Yadea. Jin Jian is a specialist in the research, development, production, and sales of electric vehicles and their related components. Its intelligent dual-chip 2.0 system is particularly favored among food delivery riders, thanks to its superior performance, which has helped the company build a solid customer base. Jin Jian mainly focuses on county and rural (lower-tier) markets, as well as catering to the needs of food delivery riders. The company operates three major production bases. Forecasts indicate that by the end of 2024, Jin Jian's total consolidated assets are expected to reach approximately 829.4 million yuan, with a net value of around 177.5 million yuan. Looking ahead to the end of 2025, these figures are projected to rise to about 1.2485 billion yuan in total consolidated assets and approximately 331.6 million yuan in net value.