Core Insights - BYD, the world's largest electric vehicle brand, has strategically invested $40 million in Harmony ICAR, acquiring approximately 10% of the company's shares, thus becoming a significant strategic shareholder [1] - This investment is based on a solid cooperative foundation and strategic consensus between the two companies, highlighting their collaboration since October 2023 [1] - Harmony ICAR has successfully established and operated over 100 BYD outlets in more than 20 countries and regions across Asia-Pacific and Europe, demonstrating exceptional international operational capabilities and sustainable profitability [1] Investment Implications - The strategic stake acquisition marks a transition from business collaboration to capital synergy, reflecting BYD's recognition and trust in Harmony ICAR [1] - The investment underscores BYD's strong support for its partners and the philosophy of win-win cooperation [1] - Following the investment, BYD will empower and support Harmony ICAR to accelerate its overseas development strategy in the new energy sector [1] Operational Enhancements - Harmony ICAR is expected to enhance service quality and operational efficiency, playing a crucial role in BYD's global development strategy [1] - The partnership aims to contribute significantly to the development of global electric vehicles and create a new chapter in green intelligent mobility [1]