Core Viewpoint - The company has signed a joint venture agreement to establish a new company focused on electric vehicle powertrains in Wuhu, Anhui Province, aiming to enhance production capacity and meet industry demands [1][2]. Group 1: Joint Venture Details - The joint venture, named Alte New Energy Powertrain (Fanchang) Co., Ltd., will have a registered capital of 672 million yuan [1]. - The company will contribute 602 million yuan, which includes 425 million yuan for 100% equity of its subsidiary and 177 million yuan for related technology [1]. - The partner, Wuhu Hu'an Zhanxin Equity Investment Fund, will contribute 70 million yuan in cash, holding a 10.42% stake in the joint venture [1]. Group 2: Strategic Objectives - The establishment of the joint venture aims to integrate regional industrial resources and expand existing production capacity [2]. - The joint venture will focus on developing and mass-producing electromagnetic clutches as its core product, with plans to diversify its product offerings over time [2]. - The initiative is expected to enhance customer response efficiency and delivery flexibility, strengthening business cooperation within the industry [2].