Zheng Quan Zhi Xing·2025-07-01 16:30Group 1 - The company has established a joint venture to capitalize on the development trends of fully active suspension systems in the automotive industry [1][2] - The joint venture, named Weifu Baolong (Nanjing) Technology Co., Ltd., was officially registered on July 1, 2025, with a registered capital of 400 million RMB [2] - The shareholding structure of the joint venture consists of Weifu Jinning holding 55% and Hefei Baolong holding 45% [2] Group 2 - The joint venture's business scope includes automotive parts research and development, manufacturing, retail, wholesale, and various technical services [2] - The establishment of the joint venture is aimed at achieving rapid growth and long-term sustainable development in the hydraulic pump technology business for fully active suspension systems [1][2]