Core Viewpoint - HARMONY AUTO (03836) shares have risen over 12%, currently trading at 1.89 HKD, with a transaction volume of 13.1585 million HKD, following strategic investment news from BYD (002594) [1] Group 1: Strategic Investment - On September 10, HARMONY AUTO announced that BYD has completed the strategic investment in HARMONY AUTO's overseas new energy ICAR company, marking a shift from business collaboration to capital collaboration [1] - BYD has invested 40 million USD to acquire approximately 10% of HARMONY AUTO's overseas new energy ICAR company, becoming a significant strategic shareholder [1] Group 2: International Operations - Since the strategic cooperation began in October 2023, HARMONY ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions across the Asia-Pacific and Europe, demonstrating exceptional international operational capabilities [1] Group 3: Market Expansion - On September 8, the first day of the 2025 Munich Auto Show, HARMONY AUTO opened a flagship store for BYD and DENZA brands in Munich, marking the first DENZA flagship store in Europe [1] - The opening of this store signifies DENZA's official entry into the high-end market in Germany and adds a crucial support point for BYD's channel layout in Europe [1] - HARMONY AUTO plans to deepen cooperation with BYD to expand more dealership outlets in Germany and other European countries [1]

Core Viewpoint - Harmony Auto's stock price has increased by over 12%, currently trading at 1.89 HKD, with a trading volume of 13.1585 million HKD, following the announcement of BYD's strategic investment in Harmony Auto's overseas new energy ICAR company [1] Group 1: Strategic Investment - BYD has completed a strategic investment in Harmony Auto's overseas new energy ICAR company, acquiring approximately 10% of the shares for 40 million USD, marking a new phase of capital collaboration [1] - This investment positions BYD as an important strategic shareholder in Harmony Auto, enhancing their partnership [1] Group 2: International Operations - Since the strategic cooperation began in October 2023, Harmony ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions across the Asia-Pacific and Europe, demonstrating strong international operational capabilities [1] Group 3: Market Expansion - On September 8, the first day of the 2025 Munich Auto Show, Harmony Auto opened a flagship store for the BYD and Tengshi brands in Munich, marking the first Tengshi flagship store in Europe [1] - The opening of this store signifies Tengshi's official entry into the high-end market in Germany and strengthens BYD's channel layout in Europe [1] - Harmony Auto plans to deepen cooperation with BYD to expand more dealership outlets in Germany and other European countries [1]

Core Viewpoint - BYD has completed a strategic investment in Harmony Auto's overseas new energy ICAR company, marking a transition from business collaboration to capital collaboration [1] Group 1: Strategic Investment - BYD subscribed to approximately 10% of Harmony Auto's overseas new energy ICAR company for $40 million, becoming a significant strategic shareholder [1] - The completion of this equity transfer is expected to enhance BYD's support for Harmony Auto, accelerating its overseas new energy development strategy [1] Group 2: International Expansion - Since the strategic cooperation began in October 2023, Harmony ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions across Asia-Pacific and Europe, demonstrating strong international operational capabilities [1] - On September 8, 2025, the opening of the first Tengshi brand flagship store in Munich marks the official entry of the Tengshi brand into the German high-end market, providing a significant support point for BYD's channel layout in Europe [1] Group 3: Future Outlook - The partnership's capital collaboration is expected to further solidify Harmony Auto's position as a strategic partner for BYD in overseas markets, potentially leading to a revaluation of its value as BYD accelerates its global expansion strategy [1] - The market is encouraged to pay continuous attention to the release of capital synergy effects between the two companies [1]

Core Insights - BYD has completed a strategic investment in Harmony Auto's overseas new energy ICAR company, acquiring approximately 10% of its shares for $40 million, marking a shift from business collaboration to capital collaboration [1] - Harmony ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions, demonstrating strong international operational capabilities since the strategic cooperation began in October 2023 [1] - The opening of the first Tengshi brand flagship store in Munich on September 8, 2025, signifies Tengshi's entry into the German high-end market and enhances BYD's channel layout in Europe [1] - Following the capital transaction, BYD will empower Harmony Auto to accelerate its overseas development strategy in new energy, solidifying its role as a strategic partner in BYD's global expansion [1] - The release of capital synergy effects between BYD and Harmony Auto is expected to attract ongoing market attention [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 China Harmony Auto Holding Limited 中國和諧汽車控股有限公司 （於開曼群島註冊成立的有限公司） （股份代 號：03836） 有關建議認購事項及出售於一間附屬公司的股權的 須予披露交易完成 茲提述中國和諧汽車控股有限公司（「本公司」）日期為2025年9月1日的公告（「該 公告」），內容有關建議認購事項及據此擬進行的交易。除非本公告另有界定， 否則本公告所用詞彙與該公告所界定者具有相同涵義。 董事會欣然宣佈，於2025年9月10日根據股份認購協議的條款及條件完成交割。 – 1 – 未來展望 本次戰略投資，標誌著本公司和認購方的合作從業務層面邁向資本協同的新 高度，充分體現認購方對目標公司的認可與信任，也充分彰顯了認購方對本公 司的大力支持和合作共贏的理念。 投資完成後，認購方將賦能和支持目標公司，加快推進新能源海外發展戰略。 目標公司也將全面提升服務品質和運營效率，更好地在 ...

每经AI快讯，9月10日，港股和谐汽车(03836.HK)午后涨超5%，截至发稿，涨5.39%，报1.76港元，成 交额499.14万港元。 ...

值得注意的是，和谐汽车近期公告，比亚迪已战略投资和谐汽车海外新能源ICAR公司，以4000万美元 认购该公司约10%股份，成为该公司重要战略股东。交易完成后，和谐汽车所持iCar Group的股权将由 55%摊薄至49.5001%。但由于公司仍控制其90.0001%的表决权，iCar Group继续作为和谐汽车的附属公 司入账。 和谐汽车(03836)午后涨超5%，截至发稿，涨5.39%，报1.76港元，成交额499.14万港元。 消息面上，9月8日，慕尼黑车展开幕首日，和谐汽车在慕尼黑的比亚迪（002594）、腾势双品牌旗舰店 盛大开业。此次开业不仅是腾势品牌在欧洲的首秀，也是和谐汽车在欧洲市场布局的关键节点。未来， 和谐汽车将继续与比亚迪深化合作，在德国及其他欧洲国家拓展更多经销网点，推动新能源汽车产业在 欧洲市场的持续发展与影响力提升。 ...

Core Viewpoint - Hozon Auto's stock price increased by over 5% following the grand opening of its BYD and Tengshi flagship store in Munich, marking a significant step in its European market strategy [1] Group 1: Company Developments - Hozon Auto's stock rose by 5.39% to HKD 1.76, with a trading volume of HKD 4.9914 million [1] - The opening of the flagship store represents Tengshi's debut in Europe and is a critical milestone for Hozon Auto's expansion in the region [1] - Hozon Auto plans to deepen its collaboration with BYD to expand more dealership networks in Germany and other European countries [1] Group 2: Strategic Investments - BYD has strategically invested USD 40 million to acquire approximately 10% of Hozon Auto's overseas new energy subsidiary, iCar Group, becoming a significant strategic shareholder [1] - Following this investment, Hozon Auto's ownership in iCar Group will be diluted from 55% to 49.5001%, while still retaining 90.0001% of the voting rights [1] - iCar Group will continue to be accounted for as a subsidiary of Hozon Auto despite the dilution [1]

Core Viewpoint - HARMONY AUTO (03836) shares surged over 12% following the announcement of BYD's (002594) strategic investment in HARMONY AUTO's overseas new energy subsidiary, iCar Group, with a $40 million acquisition of approximately 10% equity, marking a significant partnership shift from business collaboration to capital synergy [1] Group 1 - HARMONY AUTO's stock rose by 12.67%, reaching HKD 1.69, with a trading volume of HKD 10.02 million [1] - Following the investment, HARMONY AUTO's stake in iCar Group will be diluted from 55% to 49.5001%, while retaining 90.0001% of the voting rights, ensuring iCar Group remains a subsidiary [1] - Since the strategic cooperation began in October 2023, HARMONY ICAR has successfully established and operated over 100 BYD outlets across more than 20 countries and regions in the Asia-Pacific and Europe [1] Group 2 - The strategic investment signifies a new level of collaboration between HARMONY AUTO and BYD, enhancing HARMONY ICAR's service quality and operational efficiency [1] - BYD will empower and support HARMONY ICAR to accelerate its overseas new energy development strategy [1] - HARMONY ICAR is expected to play a crucial role in BYD's global development strategy following this investment [1]

Core Viewpoint - H harmonious Automotive's stock surged over 12% following the announcement of BYD's strategic investment in its overseas electric vehicle subsidiary, iCar Group, marking a significant step in their partnership [1] Group 1: Investment Details - BYD has invested $40 million to acquire approximately 10% of iCar Group, becoming a key strategic shareholder [1] - Post-transaction, harmonious Automotive's ownership in iCar Group will decrease from 55% to 49.5001%, while maintaining 90.0001% of the voting rights [1] Group 2: Strategic Implications - The investment signifies a transition from business collaboration to capital synergy between harmonious Automotive and BYD [1] - Since their strategic cooperation began in October 2023, harmonious iCar has established and operated over 100 BYD outlets across more than 20 countries and regions in Asia-Pacific and Europe [1] - The partnership aims to enhance service quality and operational efficiency for harmonious iCar, aligning with BYD's global development strategy [1]