Chengdu Xiling Power Science & Technology Incorporated (300733.SZ) plans to acquire 100% equity of turbocharger manufacturer Weipai Automobile.

Chengdu Xiling Power Science & Technology Incorporated (300733.SZ) announced that the company plans to acquire 100% equity of Weipai Automotive Electronics (Shanghai) Co., Ltd. (referred to as "Weipai Automotive") through cash payment. The target company is mainly engaged in the production and sales of turbochargers, with major customers being internationally renowned automobile manufacturers. The announcement stated that there is still a large market application space for turbochargers, and some business demands need to be urgently released; the implementation of this matter is conducive to complementary core capabilities and stimulating deep synergistic value. Weipai Automotive has industry-leading experience in the construction of fully automated digital intelligent production lines, precision manufacturing process of turbochargers, and other areas. After the integration of both parties, the company can learn from Weipai Automotive's advanced production line experience to enhance its own intelligent manufacturing level. Weipai Automotive has deep ties with customers like Volkswagen, enabling the company to quickly enter Volkswagen's well-established supply chain system and complement the company's existing customer network.