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On September 13, Cyrus announced that the company will issue shares to buy Chongqing Industrial Investment parent Fund Partnership (Limited Partnership), Chongqing Liangjiang New area Development and Investment Group Co., Ltd., Chongqing Liangjiang New area Industrial Development Group Co., Ltd. Chongqing Liangjiang New Energy Technology Co., Ltd. (Longsheng New Energy) 100% stake.

After the completion of this transaction, Longsheng New Energy will become a wholly owned subsidiary of Cyrus, which will take ownership of the Chongqing super factory. The transaction price of this purchase is calculated at the issue price of 66.39 yuan per share and the issue of about 123 million shares, with an estimated value of about 8.164 billion yuan.

With regard to the acquisition, Selis said that it is conducive to ensuring the safety and stability of the company's production end, independent control, and improving the asset integrity and control of the company's important business. At the same time, it is pointed out that Longsheng New Energy's assets will be mainly used for the production of listed companies' own new energy models. It is understood that Longsheng New Energy was established in September 2022, mainly serving the project company established in the production and manufacturing of new energy vehicles, whose main business is to provide productive leasing services for super factories, including the production base, plant, equipment and auxiliary facilities needed for the production of new energy vehicles.

Previously, Longsheng New Energy Leasing Super Factory was mainly used for the production of a series of models. After the completion of the transaction, Longsheng New Energy will become a wholly-owned subsidiary of the company, and the company will acquire the ownership of the super factory, ensure the safety, stability and self-control of the production end of the company's products, and improve the asset integrity and control of the company's important business.

This time, in addition to announcing plans to acquire the super factory, the government also announced that it would increase its capital to the wholly-owned subsidiary Selis Automobile Co., Ltd. (Selis Automobile Co., Ltd.) with its own capital of 5 billion yuan. after the capital increase, the registered capital of Selis Automobile Company has changed from 4.96 billion yuan to 9.96 billion yuan. Cyrus Motor remains a wholly owned subsidiary of the company after the capital increase, which is mainly aimed at strengthening capital strength, optimizing capital structure, reducing asset-liability ratio and meeting the needs of sustainable and high-quality development in the future, officials said. It is also pointed out that this capital increase will not have a significant adverse impact on the company's financial position and operating results, and will not lead to changes in the scope of the company's consolidated statements.

It is worth mentioning that since entering 2024, Cyrus has bought, bought and bought frequently. Cyrus announced on Aug. 23 that it plans to buy Huawei's 10.00% stake in Shenzhen Wangwang Intelligent Technology Co., Ltd., with a transaction value of 11.5 billion yuan, in cash. On August 10th, Cyrus acquired 19.355% of Selis Automobile Company held by Chongqing Jinxin Equity Investment Fund Partnership (Limited Partnership) with a transaction value of 1.329 billion yuan. After the completion of the transaction, Selis Motor Company became a 100% holding wholly-owned subsidiary of Selis. On July 2, Cyrus spent 2.5 billion yuan to acquire 919 registered or pending text and graphics trademarks held by Huawei, as well as 44 related design patents.

Of course, Cyrus has today's achievements opened the way to buy, can not do without the help of Huawei. As we all know, the two sides started cooperation in 2021. Successively launched Selis SF5, M5, M7, M9 and other models. For Cyrus, it was in a state of loss a few years ago. Relevant data show that from 2019 to 2023, Selis's net losses were 884 million yuan, 2.308 billion yuan, 2.793 billion yuan, 4.296 billion yuan and 4.817 billion yuan respectively, and the cumulative loss over the past five years was 15.098 billion yuan. With the arrival of the new M7, new M5 and M9 models, it has been sought after by the market, and the sales volume continues to rise, which also makes Cyrus turn losses into a win in the first half of this year, with a net profit of 1.781 billion yuan.

At present, the new M7, the new M5, the M9 and the new M7 Pro are on sale in AITO. According to the official plan, a series of new products will be launched to form a product matrix with existing models to meet the different needs of users. With the launch of new models, Selis's product matrix will be further improved, which is conducive to the improvement of sales. This acquisition of the super factory, can improve the quality of products, but also is expected to further reduce costs.

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