BoZhong Precision has announced its intention to acquire a 70% equity stake in Shanghai Wodian for a sum of 420 million yuan. This strategic move aims to swiftly penetrate the intelligent automotive equipment market and establish a multifaceted business portfolio encompassing 3C products, new energy, and automotive sectors. Shanghai Wodian, renowned for its expertise in intelligent conveying systems tailored for automobile and component production, among other industries, will play a pivotal role in BoZhong Precision's expansion plans.