Zhejiang Dehong Automotive Electronic & Electrical Co.Ltd(603701) announced that the company plans to acquire 60% equity of Chongqing Pulai en Zhongli Auto Parts Co., Ltd. (hereinafter referred to as “Pulai en Zhongli”) for 63 million yuan. After the completion of this transaction, the target company will become a holding subsidiary of the company and be included in the scope of the company’s consolidated statements. Plaen Zhongli is a technological innovation enterprise mainly engaged in the R & D and production of brake vacuum assist system of new energy vehicles. At present, the main business is the production and sales of automotive electronic vacuum pumps. The products are mainly used in new energy vehicles. The main customers are SAIC GM Wuling Automobile Co., Ltd., Chongqing Changan Automobile Company Limited(000625) and so on.
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