TREE NEWS update: Sunwoda announced its subsidiary Sunwoda Power will issue new shares to Li Auto, which will invest 2.65 billion yuan to subscribe for 1.4 billion yuan of new registered capital, acquiring an 8.79% stake post-increase. The plan was approved by the board. Sunwoda Huizhou New Energy’s stake will drop from 26.38% to 24.06%, but the unit remains consolidated.
Sunwoda unit to raise 2.65B yuan from Li Auto
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