FAW Jiefang increases investment in Jiefang Times to strengthen its new energy commercial vehicle strategy.

FAW Jiefang plans to increase its capital in its joint venture, Jiefang Times, by RMB 191 million through its wholly-owned subsidiary, Jiefang Limited. CATL and TELD will also simultaneously increase their capital, bringing the total investment to RMB 412 million. After the capital increase, Jiefang Limited and CATL will each hold 47.0270% of the joint venture's equity, while TELD will hold 5.9460%. This move aims to strengthen Jiefang Times' financial strength, enrich its resource connections, and enhance the construction of its new energy commercial vehicle ecosystem and industry chain.