Group 1 - Chery Group's Eco Drive Factory was inaugurated in Wuhu, Anhui Province, marking a significant milestone in the establishment of a complete industrial chain for key components of new energy vehicles, including 8AT automatic transmissions, DHT hybrid transmissions, electric drive systems, and four-wheel drive systems [1] - The Eco Drive Factory and the shell processing factory, which began operations in November, are part of Chery's efforts to create a new energy vehicle powertrain base in the region, contributing to the local economy and the development of key components for new energy vehicles [1] - The establishment of the Eco Drive Factory reflects Chery's commitment to high efficiency in building world-class factories and the local government's dedication to providing a high-quality business environment [2] Group 2 - The construction of the Eco Drive Factory took only 10 months from land acquisition to production, showcasing the efficiency of Chery and the quality of the business environment in the region [2] - The local government emphasizes the importance of serving existing enterprises as a key aspect of creating a persuasive business environment, offering comprehensive and high-quality services to promote industrial upgrades and regional economic development [2]

Core Viewpoint - The company, Altec Automotive Technology Co., Ltd., has signed a joint venture agreement with Wuhu Hu'an Zhanxin Equity Investment Fund to establish a new company focused on electric vehicle powertrain technology in Wuhu, Anhui Province, which aims to enhance its competitive position in the automotive core power system market [1][2] Group 1: Joint Venture Details - The joint venture, tentatively named Altec New Energy Powertrain (Fanchang) Co., Ltd., will have a registered capital of RMB 671.51 million, with Altec contributing RMB 600.51 million, representing 89.58% of the total capital [1] - Altec's contributions include 100% equity of its wholly-owned subsidiary, Sichuan Altec New Energy Vehicle Co., Ltd., valued at RMB 425 million, and technology related to integrated pure electric vehicle powertrain development, valued at RMB 176.51 million [1] Group 2: Strategic Objectives - The establishment of the joint venture aims to leverage local industrial policies and regional advantages to enhance production capacity and meet the demands of leading enterprises in the industry chain [2] - The joint venture will focus on the development and mass production of electromagnetic clutches as its core product, with plans to explore a diversified product line [2] - This investment is expected to deepen the company's business in the automotive core power system sector and strengthen its competitiveness in the core components market [2]

Group 1 - The company has signed a joint venture agreement with Wuhu Hu'an Zhanxin Equity Investment Fund to establish a new company in Wuhu, Anhui Province, focusing on new energy vehicle powertrain projects [1][2] - The registered capital of the joint venture, named Alter New Energy Powertrain (Fanchang) Co., Ltd., is set at 672 million yuan, with the company contributing 602 million yuan, representing approximately 89.58% of the total capital [1] - The joint venture aims to integrate regional quality industrial resources, expand existing production capacity, and enhance responsiveness to industry chain demands [2] Group 2 - The core product of the joint venture will be the electromagnetic clutch, with plans to advance research and production while exploring a diversified product line [2] - The establishment of the joint venture will allow the company to deepen business cooperation and improve delivery flexibility [2]

Core Viewpoint - The company has signed a joint venture agreement with Wuhu Huaan Zhanxin Equity Investment Fund Partnership to establish a new company focused on electric vehicle powertrains in Wuhu, Anhui Province [1] Group 1: Joint Venture Details - The joint venture company, Alter New Energy Powertrain (Fanchang) Co., Ltd., has a registered capital of RMB 672 million [1] - Alter contributes 89.5757% of the registered capital, amounting to RMB 602 million, through the 100% equity of its wholly-owned subsidiary Sichuan Alter New Energy Vehicle Co., Ltd. valued at RMB 425 million and related technology valued at RMB 177 million [1] - Wuhu Huaan Zhanxin contributes 10.4243% of the registered capital, amounting to RMB 70 million in cash [1]