Wanfeng Aowei: Plans to sell 100% equity of Shanghai Dacro for 500 million yuan
CATL is set to invest 4.1 billion yuan in Zhongheng Electric's controlling shareholder, Hangzhou Zhongheng Technology Investment Co., Ltd. This investment will result in CATL holding a 49% stake in the company. Additionally, Wanfeng Auto will sell its wholly-owned subsidiary, Shanghai Dakro, for 500 million yuan. AI
IMPACT CATL's investment may signal strategic moves in the EV battery supply chain, while the mention of ChatGPT's upgrade is a separate, notable AI development.