On March 3, Yinyi Co.Ltd(000981) ( Yinyi Co.Ltd(000981) ) announced that the company signed a memorandum with the manager of Zhidou Electric Vehicle Co., Ltd. (hereinafter referred to as “Zhidou automobile”) to invest no more than RMB 400 million to participate in the reorganization of Zhidou automobile and the change procedure of reorganization plan.
According to the announcement, Zhidou automobile is one of the only eight enterprises with independent and complete production qualification of new energy vehicles that have passed the review of the national development and Reform Commission and the Ministry of industry and information technology. As the pioneer and promoter of China Shanxi Guoxin Energy Corporation Limited(600617) automobile, Zhidou automobile business covers the R & D, production, sales, operation and other aspects of electric vehicles. At present, Zhidou has more than 100 patents outside China, obtained EU E-MARK and CE certification, and has successfully entered Italy, France, Spain and other European and American countries.
In strategic emerging industries such as new energy vehicles, Yinyi Co.Ltd(000981) continues to seek further breakthroughs through strategic cooperation. Recently, Yinyi Co.Ltd(000981) issued an announcement on cooperation with professional institutions and foreign investment. The announcement shows that the company has established joint venture operation service providers with local AMC Zhejiang Zheshang Asset Management Co., Ltd. and Beijing Beikong Urban Development Group Co., Ltd. subordinate to Beijing SASAC. All parties actively give full play to their investment management advantages in the fields of industrial introduction, resource integration and non-performing assets, which can not only give full play to the company’s real estate development For the industrial advantages of high-end manufacturing, all parties should actively explore deeper cooperation in new energy vehicles, semiconductors, mergers and acquisitions and other fields.
Yinyi Co.Ltd(000981) began its transformation in 2016 and successively completed the acquisition of arc group of the United States and bonge power of Belgium. It has accumulated sufficient high-quality resources in the automobile core parts industry chain, laying a solid foundation for fully entering the field of new energy vehicles.
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Bunch power is a world-renowned independent manufacturer of automotive automatic transmission. In recent years, in addition to the original flagship product continuously variable transmission, new energy products such as hybrid and pure electric are being actively distributed.
Yinyi Co.Ltd(000981) said in the announcement that Zhidou automobile, as the pioneer and promoter of Shanxi Guoxin Energy Corporation Limited(600617) automobile, has independent and complete new energy vehicle production qualification. The proposed participation in the reorganization of Zhidou automobile is an important strategic deployment made by the company based on its own advantages in the field of new energy vehicles, forming an obvious synergy with the company’s existing auto parts manufacturing business, and an important measure of the company’s long-term strategic layout; The company has been committed to transforming into a high-tech company and unswervingly practicing and developing the new energy strategy. This investment will help to enhance the company’s core competitiveness and sustainable development ability, and is in line with the long-term development interests of the listed company and all shareholders. (Qin Wen)
