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Geely Subsidiary Acquires 17.5% Stake in Xingqu Technology for RMB 420 Million
2025-05-30 /
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Author：小编
Geely Automobile has announced that its subsidiaries, Zhejiang Powertrain and Lotus Ningbo, have finalized a share transfer agreement. Pursuant to this agreement, Zhejiang Powertrain will acquire a 17.5% stake in Xingqu Technology for a sum of RMB 420 million. Upon the successful completion of this transaction, Xingqu Technology will become a subsidiary of Zhejiang Powertrain, with the latter holding a 41.65% stake. The objective of this acquisition is to bolster Geely Automobile's competitive edge in the electric vehicle segment and facilitate the integration and synergy of its supply chain.
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