Group 1 - Jiangsu Yueda Automotive Group and FAW Bestune signed a strategic cooperation agreement to collaborate in equity investment, manufacturing, supply chain coordination, R&D technology, and sales services [2][3] - Yueda Automotive Group plans to invest up to 2 billion yuan in FAW Bestune, increasing its shareholding [3] - FAW Bestune has been experiencing fluctuating sales since 2014, struggling to adapt to the rise of the electric vehicle market and increasing competition [3] Group 2 - In 2023, Yueda Automotive Group became the first external investor in FAW Bestune by investing 166.32 million yuan for a 1.9741% stake [4] - FAW Bestune is expanding its production capacity with a new electric vehicle project in Yancheng, which has a total investment exceeding 5 billion yuan [4] - The Yancheng base is expected to reach a production capacity of over 150,000 units by the end of 2025, indicating current capacity constraints [4]
江苏悦达拟近20亿投资一汽奔腾 盐城基地扩产提速
Jing Ji Guan Cha Wang·2025-08-22 04:33