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Mobility

All items in the Mobility channel.

Mobility

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Volkswagen China sells a 5.30% stake in Gotion High-Tech to Hefei Construction Investment for about RMB 2.32 billion

Gasgoo reported on 10 November that Hefei's state assets regulator approved Hefei Construction Investment buying 96.18 million Gotion High-Tech shares, 5.30% of the company, from Volkswagen China at RMB 24.09 each, about RMB 2.32 billion, roughly 4% below the 5 November close. VW falls from 24.28% to 18.98% but stays the largest shareholder, citing its own business needs.

MobilityDeal: ~RMB 2.32B (~US$345M)Gasgoo

SAIC and Momenta plan a RMB 300 million driver-assistance joint venture, with Momenta holding 51%

SAIC's board approved on 5 November a joint venture with Momenta and Yandian Technology, registered capital RMB 300 million: Momenta subscribes RMB 153 million for 51%, SAIC RMB 75 million for 25% and Yandian RMB 72 million for 24%. It aims to strengthen advanced driver-assistance development. This is a joint venture rather than an acquisition, included as a comparable deal.

MobilityRegistered capital RMB 300M (~US$44.7M)21st Century Business Herald

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