IAT(SZ:300825) Zheng Quan Shi Bao Wang·2025-11-03 11:41Core Viewpoint - The company, Altec, has signed a joint venture agreement with Wuhu Hua'an Zhanxin Equity Investment Fund to establish a new company focused on electric vehicle powertrains in Wuhu, Anhui Province, enhancing its competitiveness in the automotive core power system sector [1] Group 1: Joint Venture Details - The joint venture, named Altec New Energy Powertrain (Fanchang) Co., Ltd., will have a registered capital of 672 million yuan [1] - Altec will contribute 425 million yuan through the 100% equity of its wholly-owned subsidiary, Sichuan Altec New Energy Vehicle Co., Ltd., and 177 million yuan through technology related to integrated pure electric vehicle powertrain R&D, totaling 602 million yuan, which represents 89.5757% of the registered capital [1] Group 2: Strategic Implications - This investment will help the company deepen its business in the core power system of vehicles and enhance its comprehensive competitiveness in the core components market [1] - The joint venture will focus on the development and mass production of electromagnetic clutches as its core product while exploring a more diversified product line to improve its business layout [1]