Last weekend, the Western Resources announced that the company intends to invest RMB 40 million with its own funds to invest in Henglong Automobile Co., Ltd., accounting for 80% of the registered capital of Henglong Automobile, thereby improving the company's new energy vehicles in the Yangtze River Delta region. Market layout.
The announcement said that in order to further promote the company's new energy industry layout, the company and Hengneng Automobile signed the "Investment Agreement on the Establishment of Henglong Automobile Co., Ltd.", and plans to jointly establish a Henglong Automobile with a total investment of 50 million yuan, of which the company will have its own funds. It invested 40 million yuan, accounting for 80% of the registered capital.
Western Resources said that the company's strategic planning adjustment and transformation will be based on lithium ore as the raw material, with terminal vehicles as the main entry point, and gradually realize the integration of lithium battery materials, lithium battery assembly, new energy vehicle development, manufacturing and sales. Complete industrial chain layout and regional layout including Southwest, Yangtze River Delta and Pearl River Delta regions. In order to improve the company's new energy vehicle market layout in the Yangtze River Delta region, the company and Hengneng Automobile jointly invested in the establishment of Henglong Automobile, and opened branches in other places such as Shanghai, responsible for the sales business of Henglong Automobile, giving full play to the market's first-in-class advantage. It will also add new profit growth points to the company.
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