NBHX(SZ:002048) Ge Long Hui·2025-12-10 10:45Core Viewpoint - Ningbo Huaxiang Electronics Co., Ltd. is acquiring a 40% stake in Shanghai Fengmei Power System Co., Ltd. from SAIC Volkswagen, which is a strategic move to enhance its capabilities in the new energy power sector and intelligent chassis field [1][2]. Group 1: Acquisition Details - Shanghai Fengmei Power System Co., Ltd. is a wholly-owned subsidiary of SAIC Volkswagen, established to manage the assets and operations related to the sale of land, buildings, and equipment in Shanghai Jiading District [1]. - The total valuation of Fengmei Power's equity is set at 530 million yuan, with Ningbo Huaxiang contributing 212 million yuan for a 40% stake and Fengmei Holdings contributing 318 million yuan for a 60% stake [2]. Group 2: Strategic Implications - The acquisition is aimed at facilitating Ningbo Huaxiang's transformation in the new energy battery and intelligent chassis sectors, promoting the development of related products [2]. - By not acquiring a controlling stake, the company mitigates investment risks associated with market volatility, especially with the anticipated reduction in new energy vehicle purchase tax starting in 2026 [2].