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]