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Zhejiang Meida has announced an investment of 110 million yuan in Moshivision Technology, securing a 4.8657% equity stake in the company, thus formally venturing into the realm of intelligent driving. As a pioneer in the integrated stove industry, this cross-sector investment signifies a strategic shift, aiming to capitalize on the burgeoning opportunities within the intelligent driving sector. Nevertheless, Zhejiang Meida has faced declining revenues from its primary business in recent years, putting pressure on its performance. While the intelligent driving market holds immense potential, it is also characterized by intense competition. The future performance of Zhejiang Meida remains to be seen, but the market has commended its innovative spirit with positive evaluations.
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