Qingling Motors Co. Ltd Announces Strategic Equity Transfer to Boost New Energy Initiatives

Qingling Motors Co ( (HK:1122) ) has shared an announcement.

Qingling Motors Co. Ltd announced a significant equity transfer involving its controlling shareholder, Qingling Group, where the Chongqing Municipal People’s Government plans to transfer 80% equity interests in Qingling Group to Chongqing Yufu Holding Group Co., Ltd. This move is expected to enhance the company’s integration with upstream and downstream industrial chains, leveraging state-owned capital investment strategies to foster synergy between industrial and financial capital. The company is actively participating in Chongqing’s modern manufacturing and technological innovation initiatives, focusing on new energy transformation and strategic collaborations to maintain its competitive edge and drive high-quality development.

More about Qingling Motors Co

Qingling Motors Co. Ltd is a Sino-foreign joint venture joint stock limited company based in the People’s Republic of China. The company is involved in the automotive industry, focusing on the development and manufacturing of vehicles, particularly in the new energy sector. It has strategic collaborations with leading companies like Bosch, Huawei, and CATL to innovate and expand its product offerings in the new energy vehicle market.

Average Trading Volume: 2,405,319

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.66B

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