Thalys Auto has invested a total of RMB 11.5 billion to acquire a 10% equity stake in Shenzhen Yinwang Intelligent Technology, previously held by Huawei. A significant milestone has been reached with the second payment of RMB 5.75 billion already completed. The official transfer of this stake is scheduled to take place on February 28, 2025. Both parties are committed to expediting the necessary industrial and commercial registration changes to facilitate a smooth transaction.