FAW Bestune introduces Yueda Group as a new shareholder to accelerate its new energy strategic transformation

FAW Bestune initially established a framework for equity diversification last year and signed an investment agreement with Yueda Group in 2023, introducing an additional capital of 166.32 million yuan, allowing Yueda Group to hold 1.9741% of the shares. The introduction of Yueda Group as a new shareholder this time indicates that FAW Bestune is actively seeking to accelerate its transformation to new energy.