Expand new energy drive motor
In order to cooperate with Dongfeng Motor Group's new energy vehicle strategy, Dongfeng Motor Co., Ltd.'s new energy vehicle localization strategy and Dongfeng parts business systemization strategy, Dongfeng Electronic Technology Co., Ltd. (referred to as: Dongfeng Technology) plans to acquire Dongfeng Parts and Components. The 100% equity of Dongfeng Electric, the transaction price is expected to be between RMB 2 and RMB 250 million.
Dongfeng Electric is a company that develops and manufactures automotive starters, generators and new energy vehicle drive motors. Its drive motor forms an integrated product with the motor controller of Dongfeng Automotive Electronics Co., Ltd., a wholly-owned subsidiary of the company. The company intends to integrate internal new energy. Business resources to create electric drive system integration products.
Dongfeng Parts, the controlling shareholder of the company, currently holds 98.78% equity of Dongfeng Electric. It is expected to acquire 1.22% equity of Dongfeng Electric held by Dongfeng Motor Suspension Spring Co., Ltd. within the next two months. Upon completion of the transaction, Dongfeng Components will hold 100% equity interest in Dongfeng Electric.
Dongfeng Technology said that the company will strive to develop new energy vehicle business. Dongfeng Electric has advanced new energy vehicle drive motor technology and products. The company's wholly-owned subsidiary Dongfeng Automotive Electronics Co., Ltd. and technology research and development center have research and development and manufacture of electric drive controllers. Capabilities, the company intends to acquire the equity of Dongfeng Electric, integrate the new energy business resources within the group, form a complete electric drive system integration business, and provide customers with complete solutions for new energy vehicle electric drive systems.
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