Haoneng Co., Ltd. (603809.SH) plans to invest in the establishment of a joint venture company to deepen the layout of its new energy vehicle parts business.

Zhitong Finance APP news, Haoneng Co., Ltd. (603809.SH) announced that, in order to deepen the company's layout in the new energy vehicle parts business, promote the synergy of advantageous resources, and expand sales channels for automotive parts such as coaxial reducers, the company plans to sign a "Joint Venture Contract" with FAW Qixin Power (Changchun) Technology Co., Ltd. (referred to as "Qixin Power") to jointly contribute 70 million yuan to establish a joint venture company, Zhuoyi Precision Technology (Luzhou) Co., Ltd. The company will subscribe to contribute 23.1 million yuan in currency, holding 33% equity in the joint venture company; Qixin Power will subscribe to contribute 46.9 million yuan in currency, holding 67% equity in the joint venture company.