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]