Shanghai Huizhong Automotive Manufacturing, a wholly owned subsidiary of Huayu Automotive Systems, plans to acquire a 10.9569% stake in United Automotive Electronic held by the National Green Development Fund through public bidding on the Shanghai United Assets and Equity Exchange, with a listed transfer reserve price of approximately 320.25 million yuan. Upon completion, Shanghai Huizhong's stake in United Automotive Electronic will rise to 16.25%. United Automotive Electronic was established in April 2006 with registered capital of approximately 422 million yuan. Its main products include intelligent steering control systems, intelligent brake control systems, intelligent suspension control systems, central motion coordination controllers, and intelligent driving and connectivity products. Using December 31, 2025 as the valuation base date, United Automotive Electronic's net assets had a book value of approximately 202 million yuan, while the income approach valued total shareholder equity at approximately 2.923 billion yuan, which served as the basis for the listed reserve price. Because United Automotive Electronic is indirectly controlled by SAIC Motor, the controlling shareholder of Huayu Automotive Systems, with SAIC Investment and SAIC Equity together holding 75.37% of its equity, this acquisition constitutes a related-party transaction but does not constitute a major asset restructuring. Shanghai Huizhong had previously completed the acquisition of a 5.2958% stake in United Automotive Electronic for no more than approximately 154.78 million yuan. This transaction is an important step in the company's strategy to build an integrated intelligent chassis business and advance its transformation from a traditional chassis manufacturer to an intelligent chassis solution provider.
HUAYU Automotive Systems Co LtdIts subsidiary Shanghai Huizhong plans to acquire an additional 10.9569% stake in United Automotive Electronic for ~320.25 million yuan, advancing its intelligent chassis strategy.
SAIC Motor Corp Ltd