In the Ningde era, the subsidiary took a stake in Chery Holdings.
Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com December 12 news, recently, Chery holding Group Co., Ltd. has undergone industrial and commercial changes, shareholders newly added Ningbo Meishan bonded Port area Mengding Investment Co., Ltd., holding about 3.73%, which is a wholly-owned subsidiary of Ningde Times New Energy Technology Co., Ltd.
It is worth mentioning that in April this year, Lixun Co., Ltd. also bought a stake in Chery Holdings Group Co., Ltd., with a stake of about 19.88%.
CTOnews.com learned that Ningde Times and Chery had previously worked together, and on June 21, Yibin Times Kaiyi New Energy Technology Co., Ltd. was registered and founded by Ningde Times and Kaiyi Automobile, with a shareholding of 51% and 49%, respectively. Kaiyi Automobile is a state-owned joint-stock enterprise controlled by Yibin Automobile Industry Development and Investment Co., Ltd., Chery Automobile Co., Ltd., and Sichuan Yibin Pushi Group Co., Ltd. Among them, Chery Motor holds nearly 48% of the shares, making it the second largest shareholder.
Now that Ningde Times subsidiary owns Chery Holdings, does it mean that the two sides strengthen cooperation? Neither side has responded so far.
In November this year, Chery Group sold 13025 new energy vehicles (including new energy passenger vehicles and commercial vehicles), and a total of 220918 vehicles were sold from January to November, an increase of 147.9% over the same period last year.
As of September 30, 2021, Ningde era has invested in 75 enterprises, with a total subscription amount of 15.46 billion yuan. In the manufacturing of new energy vehicles, the investment targets of Ningde era include Nahan Automobile, Avita Technology, Polar Krypton Automobile, Aichi Automobile, BAIC Blue Valley and so on.
