China Harmony Auto Announces Major Transaction for Overseas NEV Business Expansion

Reuters

05-23

China Harmony Auto Announces Major Transaction for Overseas NEV Business Expansion

China Harmony Auto Holding Ltd. has announced a major and connected transaction involving the disposal of a 45% equity interest in a disposal company along with shareholder's loans owed by the disposal group. The agreement, set for completion on May 23, 2025, also includes the provision of financial assistance to the disposal group. This move is part of a strategic joint investment with Mr. Feng to develop the overseas new energy vehicle $(NEV)$ business, aiming to capitalize on significant growth opportunities in the export market. The company is restructuring capital to support this expansion, focusing on establishing distribution and after-sales networks to facilitate market entry and expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Harmony Auto Holding Ltd. published the original content used to generate this news brief on May 23, 2025, and is solely responsible for the information contained therein.

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