Beijing Yitang Shenglong Semiconductor Industry Investment Center (Limited Partnership) entered into an agreement to acquire 43.63% stake in Beijing New Energy Vehicle Technology Innovation Center Co., Ltd. from BAIC Motor Corporation Limited (SEHK:1958), Beijing Electric Vehicle Co., Ltd, Beiqi Foton Motor Co., Ltd. (SHSE:600166) and Beijing Hainachuan Automotive Parts Co., Ltd. on July 15, 2022. The consideration for the disposal of 12.02% the Equity Interests in National Innovation Center payable to BAIC Motor Corporation Limited is CNY 67.6 million for 12.02% stake, consideration payable to Beiqi Foton Motor is CNY 67.6 million for 12.02% stake, consideration payable to Beijing Electric Vehicle Co., Ltd is CNY 69.6 million for 12.38% stake. Beijing New Energy Vehicle Technology Innovation Center recorded net loss after tax of CNY 49.7 million as of December 31, 2021.
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- Beijing Yitang Shenglong Semiconductor Industry Investment Center (Limited Partnership) entered into an agreement to acquire 43.63% stake in Beijing New Energy Vehicle Technology Innovation Center Co., Ltd. from BAIC Motor Corporation Limited, Beijing Electric Vehicle Co., Ltd, Beiqi Foton Motor Co., Ltd. and Beijing Hainachuan Automotive Parts Co., Ltd.