Cathay Capital Holding, a subsidiary of Haier Group, has sealed a deal with Yunchen Capital, a division of Ping An Insurance, to acquire a controlling stake in Autohome for approximately $1.8 billion. Upon the successful completion of this transaction, Autohome will remain at the heart of Haier's automotive industry ecosystem, with Haier pledging full support and deepening its collaboration with Ping An Property & Casualty Insurance to jointly propel Autohome's growth. Liu Chi, a director at Haier Group, highlighted that this partnership is aimed at revitalizing Autohome and fostering a seamless home-to-car interconnection ecosystem. Long Quan, the chairman of Ping An Property & Casualty Insurance, echoed this sentiment, expressing optimism that the combined strengths of both parties will underpin Autohome's future success. Yang Song, CEO of Autohome, welcomed Haier's investment, believing it will inject fresh momentum into the company. Nevertheless, the transaction is contingent upon regulatory approval and the fulfillment of pertinent conditions.