---
title: "CHINA LONGYUAN sells 30% of Inovance Automotive to divest loss-making business"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266076470.md"
description: "CHINA LONGYUAN announced related transactions, transferring 30% of its shares in Inovance Automotive to Guoneng New Energy for a symbolic price of 1 RMB. Due to long-term losses at Inovance Automotive, the company has fully written down its entire investment in 2023, and this equity transfer will not have a significant impact on current profits"
datetime: "2025-11-16T11:30:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266076470.md)
  - [en](https://longbridge.com/en/news/266076470.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266076470.md)
---

# CHINA LONGYUAN sells 30% of Inovance Automotive to divest loss-making business

CHINA LONGYUAN (00916.HK) announced a related transaction, transferring its entire 30% stake in Inovance Automotive to Guoneng New Energy for a symbolic price of 1 RMB. Due to the long-term losses of Inovance Automotive, the company has fully written down its entire investment in 2023, and this equity transfer will not have a significant impact on the current profits

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