Jianghuai Automobile (600418.SH) intends to invest in Yingwang Intelligent Technology Co., Ltd.

Zhtng Cijng APP news, Jianghuai Automobile (600418.SH) announced that the company has started negotiations with Yingwang Intelligent Technology Co., Ltd. (referred to as "Yingwang") and its shareholders to invest in Yingwang, in order to support Yingwang in becoming a world-class leader in the automotive intelligent driving system and parts industry, and to become an open platform serving the automotive industry. Specific investment amount, transaction method, transaction price, and other terms shall be subject to the final transaction documents signed by both parties. If this transaction is completed, Yingwang will become a company affiliated company, and there will be no change in the scope of the company's consolidated financial statements.