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Leni's merger and acquisition concludes!

Luxshare Precision completed the acquisition through its Singapore subsidiary, officially obtaining 50.1% equity of Germany's Leoni Group and simultaneously acquiring 100% equity of its automotive cable business unit, Leoni K, with a total transaction price of 525 million euros.

Invest 440 million yuan in Geely's new energy vehicle headquarters!

Geely Automobile has invested 440 million yuan in Ningbo to build a new energy vehicle headquarters project. The project is located in the core area of the Beilun section of the Yongjiang Science and Technology Innovation Zone in Beilun District, Ningbo City, specifically north of Chenshan Road, east of Yongjiang Avenue, and south of Kangleqiao Street in Xiaogang Subdistrict. The total construction area of the project is approximately 46,000 square meters, and it is scheduled for completion in March 2028.

Tesla announced the new Model Y L, which is expected to be launched in autumn this year!

On the evening of July 16, Tesla China announced through its official microblogging account that "Model Y L, see you in autumn", and released two body official pictures at the same time. The latest issue of the "Announcement on Road Motor Vehicle Manufacturers and Products" by the Ministry of Industry and Information Technology shows that the product model of this new all-electric SUV is TSL6500BEVBA0, with a 2+2+2 six-seat layout, a body length of 4976 mm and an axle distance of 3040 mm, about 18 cm longer than the current Model Y, and slightly higher in height, with a curb weight of 2088 kg.

Humanoid robot company Yujin is receiving IPO guidance!

Hangzhou Yushu Technology Co., Ltd. has completed the listing tutoring registration with Zhejiang Securities Regulatory Bureau on July 18, and CITIC Securities is the tutoring institution. According to the tutoring plan, CITIC Securities will comprehensively evaluate whether the company meets the conditions for issuance and listing from October to December, and assist in preparing the application materials. It is expected that the IPO application will be submitted and listed on A-share within this year.

Sudden! Loss of 30 billion, a car giant closes flagship factory!

Nissan Motor officially announced on July 15 that the Tsukubin plant in Yokosuka City, Kanagawa Prefecture will stop producing vehicles by the end of fiscal year 2027. The company plans to transfer the production lines of existing and subsequent models to Nissan Kyushu Plant in Fukuoka Prefecture as a whole, in order to reduce capacity and cut costs, and make room for business reconstruction.

Tianhai Electronics Main Board IPO enters the inquiry stage!

Tianhai Electronics recently submitted its prospectus to the Shenzhen Stock Exchange's main board, planning to raise about 2.46 billion yuan and entered the "inquiry" stage on July 10. The company mainly deals in automotive harnesses, automotive connectors and automotive electronics. Its revenues from 2022 to 2024 were 8.215 billion yuan, 11.549 billion yuan and 12.523 billion yuan respectively; net profits for the same period were 402 million yuan, 652 million yuan and 614 million yuan respectively. Among them, the revenue of automotive harnesses accounted for more than 80%, and that of automotive connectors accounted for about 10%.