Core Viewpoint - The announcement of the transfer of 80% equity of Qingling Group from Chongqing State-owned Assets Supervision and Administration Commission to Chongqing Yufu Holding Group is expected to enhance the company's capital operations and support its transition to new energy vehicles [1][3][10]. Group 1: Equity Transfer Details - On June 10, Qingling Automobile received notification regarding the transfer of 80% equity of Qingling Group from Chongqing State-owned Assets Supervision and Administration Commission to Chongqing Yufu Holding Group [3]. - Before the transfer, Chongqing State-owned Assets Supervision and Administration Commission held 100% of Qingling Group, which in turn held 50.1% of Qingling Automobile. After the transfer, the commission will hold 20% directly and 80% indirectly through Yufu Holding [3]. - The controlling shareholder of Qingling Automobile remains Qingling Group, and the actual controller continues to be Chongqing State-owned Assets Supervision and Administration Commission, ensuring that the main business operations are not materially affected [3]. Group 2: Yufu Holding Overview - Yufu Holding, established on August 15, 2016, is a state-owned capital operation platform under Chongqing State-owned Assets Supervision and Administration Commission, with a registered capital of RMB 16.8 billion [7]. - The company focuses on advanced manufacturing and strategic emerging industries, aiming to enhance collaboration within the industrial chain through capital investment and resource integration [7]. Group 3: Strategic Initiatives and Collaborations - Qingling Automobile is actively integrating into Chongqing's modern manufacturing cluster and accelerating its transition to new energy, leveraging its advantages in capital, assets, qualifications, and brand [8]. - The company has deepened strategic collaborations with leading firms such as Bosch, Huawei, and CATL, showcasing new energy products like the world's first megawatt-level ultra-fast charging heavy truck and a new energy light truck [8]. - Qingling Automobile is celebrating its 40th anniversary of continuous joint ventures with Isuzu, planning to launch new products and enhance comprehensive cooperation in the field of intelligent connected new energy commercial vehicles [8].

Core Viewpoint - The announcement details the transfer of 80% equity of Qingling Group, the controlling shareholder of Qingling Motors, to Chongqing Yufu Holding Group, which is a state-owned capital operation platform under the Chongqing State-owned Assets Supervision and Administration Commission [1][2]. Group 1: Shareholder Structure and Changes - After the equity transfer, Qingling Group will still hold 50.1% of Qingling Motors, while the Chongqing State-owned Assets Supervision and Administration Commission will continue to hold 20% of Qingling Group directly and 80% indirectly through Yufu Holding [3]. - The equity transfer will not change the controlling shareholder or the actual controller of Qingling Motors, which will remain Qingling Group and the Chongqing State-owned Assets Supervision and Administration Commission respectively [3]. Group 2: Strategic Initiatives and Collaborations - The company is actively integrating into Chongqing's "33618" modern manufacturing cluster and "416" technology innovation layout, accelerating its transition to new energy [2]. - Collaborations with leading companies such as Bosch, Huawei, and CATL are ongoing, with notable projects including the world's first megawatt-level ultra-fast charging heavy truck "Lingjie" and the new energy light truck "Lingkun" [2]. - The company is celebrating 40 years of uninterrupted joint ventures with Isuzu and plans to launch new products focusing on smart connected new energy commercial vehicles [2]. Group 3: Implications of the Equity Transfer - The equity transfer is expected to enhance the company's new energy transition and promote high-quality development through capital investment and resource integration [2]. - The transfer will be conducted in compliance with relevant laws and regulations, including the Hong Kong Code on Takeovers and Mergers, and may trigger mandatory general offer obligations [3].

Core Viewpoint - The article highlights the significant advancements in the commercial vehicle industry, particularly focusing on the launch of the world's first megawatt-level ultra-fast charging heavy truck, "Lingjie," by Qingling Group in collaboration with Huawei Digital Energy, showcasing the transformation and innovation in green logistics and electric vehicle technology [3][5]. Group 1: Event Overview - The 7th China Western International Investment and Trade Fair opened on May 22 at the Chongqing International Expo Center, where Qingling Group showcased its four major power platforms: fuel, pure electric, hydrogen, and hybrid, along with new products [1]. - The event marked the first new energy commercial vehicle product launch, emphasizing the integration of cutting-edge technology and products in the commercial vehicle sector [3]. Group 2: Product Features - "Lingjie" utilizes Huawei's megawatt ultra-fast charging technology, allowing for an 80% charge in just 15 minutes, enabling 1-2 additional trips per day [5]. - The vehicle boasts high efficiency with a maximum efficiency of 99.5% and a system efficiency of 96%, consuming only 1.2 kWh per kilometer when fully loaded [5]. - It features a lightweight design at 9.3 tons (with 352 kWh battery), which is 15% lighter than industry standards, and a 20% reduction in wind resistance due to its innovative design [5]. - The total cost of ownership (TCO) is 38% lower than that of fuel vehicles over five years, with annual fuel cost savings of 150,000 yuan [5]. Group 3: Strategic Collaborations - A strategic cooperation signing ceremony was held involving Qingling Group, Chongqing Iron and Steel Co., Ltd., and other partners to jointly promote the construction of megawatt ultra-fast charging stations and demonstration lines, aiming to facilitate the widespread adoption of electric heavy trucks [7]. Group 4: Industry Positioning - Qingling Group is positioned as a pioneer in the ultra-fast charging sector, merging its "heavy truck gene" with digital capabilities to invigorate the smart connected new energy commercial vehicle market [9].