Ju Chao Zi Xun·2025-12-30 04:16Core Viewpoint - Great Wall Motors has signed a revised framework agreement with Beam Automobile, establishing the upper limit for daily related transactions for 2026, which is part of an ongoing collaboration that began in 2020 [2][3] Group 1: Transaction Details - From January 1 to November 30, 2025, Great Wall Motors engaged in various related transactions with Beam Automobile, including sales of parts and molds amounting to 1.193 billion yuan, vehicle and parts procurement around 12 million yuan, R&D services totaling 79.1193 million yuan, consulting services amounting to 7.6339 million yuan, procurement of R&D services at 51.1515 million yuan, IT-related services worth 4.2577 million yuan, and logistics services totaling 190.019 million yuan [2] - From 2020 to November 30, 2025, Great Wall Motors provided factory construction management and production process development services to Beam Automobile, with a cumulative amount of 137 million yuan [2] Group 2: Agreement Terms - The revised agreement specifies the upper limits for daily related transactions for 2026, although specific amounts were not disclosed in the announcement [2] - The previously agreed cumulative transaction limit for factory construction management and production process development services from 2020 to 2027 is set at 200 million yuan, with 137 million yuan already utilized as of November 30, 2025 [2] Group 3: Company Background - Beam Automobile was established in December 2019 with a registered capital of 1.7 billion yuan, jointly owned by Great Wall Motors and BMW (Netherlands) Holding Company, each holding a 50% stake [3] - The executive director and deputy general manager of Great Wall Motors, Zhao Guoqing, serves as a director of Beam Automobile, indicating that Beam Automobile is a related party [3]