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MAAS Announces Signing of Acquisition Framework Agreement
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Maase Inc. has signed a non-binding framework agreement to acquire 100% equity of Qingdao Youdian New Energy Technology Co., Ltd. and 49% equity of Qingdao Huijulaixi Intelligent Technology Co., Ltd., marking a strategic expansion into new energy technology and intelligent services [1][4] Group 1: Company Overview - Maase Inc. was founded in 2010 and aims to be a leading provider of intelligent technology-driven family and enterprise services, focusing on enhancing quality of life through technological intelligence and capital investments [5] - The company currently holds controlling interests in two financial service providers in China, AIFU Inc. and Puyi Fund Distribution Co., Ltd. [6] Group 2: Youdian Overview - Youdian specializes in the new energy sector, focusing on electric vehicle services and residential energy solutions, and has established itself as an industry leader with strong R&D capabilities [2] - The company has launched the "Xiaoli Charging" mobile charging robot, offering various intelligent charging options ranging from 20kWh to 150kWh, addressing challenges of fixed energy replenishment systems [2] - Youdian also provides a range of outdoor mobile energy storage units and portable charging devices, designed for high compatibility and safety [2] Group 3: LaiXi Overview - LaiXi, established in 2021, focuses on intelligent unmanned systems and has become a leader in the unmanned car wash industry and mobile in-car charging technology [3] - The company operates an automated manufacturing facility with an annual production capacity of 1,200 car washing machines, featuring advanced technology such as an ICS IoT system and automatic fault avoidance [3] - LaiXi's patented low-temperature car wash system operates at temperatures as low as -13°C, providing a competitive advantage, along with an intelligent water recycling system that enhances efficiency [3] Group 4: Strategic Implications - The acquisition is seen as a key milestone for Maase Inc., enhancing its competitive position in the new energy and intelligent service sectors, and creating long-term value for shareholders [4] - The collaboration is expected to generate synergies, particularly in smart charging and mobile energy storage, as both companies aim to expand in the global new energy technology market [4] - Youdian and LaiXi plan to deploy 100,000 service stations across 300 cities in the next five years, targeting 50 million vehicle owners, which indicates significant growth potential [4]