Gelonghui, December 28, 丨 Ocean Group (01991.HK) announced that on December 25, 2023, the Group signed a strategic cooperation agreement with Hangzhou Taipu Automobile Technology Co., Ltd. (“Taipu Technology”) relating to (including) equity investment in Taipu Technology (“equity investment”) and the establishment and investment of a joint venture.
Taipu Technology is an enterprise with rich experience and strength in operating new energy vehicles and related fields. After strict due diligence, the board of directors discussed the company's possible long-term cooperation opportunities, and has now reached a strategic framework for cooperation with Taipu Technology to achieve the company's consensus on future business development needs.
In order to adapt to market changes and achieve the Group's long-term development goals, the Group decided to enter NEV and NEV-related manufacturing and digital economy businesses. Equity investment is an important step in the Group's strategic transformation and a key part of the Group's future development. The investment will further expand the Group's market share in new energy vehicles and new energy related manufacturing and operation fields, and enhance the Group's core competitiveness and profitability.
Through strategic cooperation with Taipu Technology and the establishment and investment of joint ventures, the Group will push the Group to the new business areas described above, which is a key part of the company's future business operations. Taipu Technology has advanced technology and professional teams in new energy vehicle technology, intelligent manufacturing, and supply chain management, which will provide strong support and resources for the Group's future product design and operation in the digital economy and the operation and management of new energy projects.
The company believes that through equity investment and/or strategic cooperation with Taipu Technology and the establishment and investment of joint ventures, the Group will achieve greater breakthroughs and development in the field of new energy vehicles and new energy, creating rich returns for shareholders.