Huayu Automotive (600741.SH) plans to acquire a 49% stake in SAIC Qintao for 2.06 billion yuan, entering the solid-state battery field for the first time.

Smart Finance News on Huayu Automotive (600741.SH) announced that the company plans to acquire 49% of the equity of Shanghai Huayu Qingtao Energy Technology Co., Ltd. ("SAIC Qingtao") held by its controlling shareholder Shanghai Automotive Group Co., Ltd. ("SAIC Group") for RMB 206 million. This equity acquisition marks the company's first entry into the solid-state battery field, which will help complement the "smart power" platform product matrix and achieve synergistic development between the "solid-state battery" business and "electric drive" and "thermal management" businesses.