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Yunyi Electric announced on August 8 that it has entered into a "Memorandum of Joint Venture Cooperation" with Chenzhi Automobile Technology Group Co., Ltd. Under the terms of the agreement, the two entities will jointly establish a new company with a registered capital totaling 402 million yuan. Chenzhi Group will contribute 282 million yuan, securing a 70% equity stake, while Yunyi Electric will invest 121 million yuan, accounting for the remaining 30% shareholding. The new venture will be dedicated to the realm of automotive and motorcycle electronics and electrical products, encompassing domains such as intelligent driving control, power control systems, integrated power supplies, and other related businesses. It is anticipated that this collaboration will not substantially alter the current financial standing or operational outcomes of Yunyi Electric.
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