WLY(SZ:002434)2022-12-06 01:33Group 1: Company Overview - The company specializes in the production of automotive gearboxes, starting with commercial vehicle gearboxes, and currently offers products including commercial vehicle gearboxes, passenger vehicle gearboxes, agricultural machinery gearboxes, automotive interior components, and financing leasing services [2]. Group 2: Acquisition Purpose - The acquisition of Chery Transmission Company aims to further expand the passenger vehicle gearbox business, particularly in the automatic transmission sector, which is still a scarce resource in China. Chery is the only domestic company with intellectual property rights for independently developed automatic transmissions, and its products are considered advanced [3]. Group 3: Production and Development - The automatic transmission business has shown good development, with 83,000 units produced in the first three quarters, and the company expects to maintain a strong upward trend in the fourth quarter. Production is currently operating at full capacity, and the company is investing in the expansion of a second production line while actively developing the next generation of products [3].