Standeis, the fourth largest car manufacturer in the world, officially announced on Thursday (October 26), which has been officially announced by China Electric Vehicle Companies, and will establish a joint venture in order to further expand its influence in the Chinese market.Essence
Comprehensive Reuters and Bloomberg reported that Strishis announced that it would spend 21.07%of the stock of China Electric Motor Corporation Zero Running Corporation at 21.07%of HK $ 8.07 billion (about 1.492 billion yuan).
According to trading documents, Standeis will subscribe for about 19%of the stock of about 194 million shares at a price of 43.80 Hong Kong dollars per share, a 19%closing price of the stock on Wednesday.As part of the transaction, the two companies will set up a joint venture, and Standeis will be authorized by the zero -run car parts and technologies, and can also sell, sell and manufacture zero -run cars outside Greater China.
Zero Running Cars said that this joint venture is expected to begin exporting business in the second half of 2024. The person in charge of the company will be appointed by Standeis, and Strandis will also have two in the board of directorsSquare.
Starlandis CEO Tavarce said at a press conference held in Hangzhou, China on Thursday, "Through this strategic investment, we can solve the gap in our business model and run from zero to zero.Car has benefited from the competitiveness of China and overseas.We must adopt global thinking. We do not support a split world.The EU's fuse or initiator of the EU's anti -subsidy survey of Chinese electric vehicles.
With the rise of Chinese electric vehicle companies, foreign car companies' market share in China has continued to be eaten.According to data on the Passenger Car Market Information Joint Information, the retail share of China's mainstream independent brand new energy vehicles reached 70%in August this year, and the share of the new energy vehicle of the joint venture brand was only 5.2%.
