SAIC MG India's equity transfer was successful, introducing a local Indian company

SAIC MG India successfully introduced JSW, an Indian company, through equity transfer and capital increase, and obtained an investment of approximately RMB 2.256 billion. This cooperation transformed SAIC MG India into a Sino-Indian joint venture, in which SAIC Group holds 49% of the shares, JSW holds 35%, and Indian local financial institutions hold 8%.