Sep 27, 2021 09:28 PM (GMT+8) · EqualOcean
Cailian, September 27 (Xinhua) -- in order to promote new energy passenger vehicles to the market as soon as possible, Shuguang announced that the company plans to acquire the advanced and mature technologies of Chery S18 (Ruiqi M1) and s18d (Ruiqi x1) models held by Tianjin Meiya New Energy Vehicle Co., Ltd., develop and produce pure electric cars and SUVs, accelerate the progress of pure electric passenger vehicle project, and the transaction consideration is 132 million yuan. Tianjin Meiya New Energy Vehicle Co., Ltd. is 100% owned by Huatai Automobile Group, the controlling shareholder of the company, and is a related party of the company.

This text is a result of machine translation.