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On September 4, Sunwoda disclosed that its subsidiary, Sunwoda Electric Vehicle Battery Co., Ltd., intends to augment its capital and share structure by bringing Li Auto on board as a new shareholder. Li Auto is set to invest 2.65 billion yuan to acquire 1.4 billion yuan worth of newly issued registered capital in Sunwoda Electric Vehicle Battery Co., Ltd., thereby securing an 8.79% stake post-capital increase. This move received the green light at the inaugural meeting of the seventh session of Sunwoda's board of directors. Following the capital infusion, Sunwoda (Huizhou) New Energy Co., Ltd.'s shareholding will dilute from 26.38% to 24.06%, with Sunwoda Electric Vehicle Battery Co., Ltd. continuing to be consolidated in the financial statements.
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