---
title: "GRAPHEX GROUP invested 1.5 million to increase its stake in Chuangchi by 40%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274674661.md"
description: "GRAPHEX GROUP announced the acquisition of 40% equity in Chuangchi from an independent third party for a cash consideration of 1.5 million yuan. Upon completion, the company will hold a total of 58% equity in Chuangchi, which operates a 60,000 square meter production facility in Xuzhou through its 79% subsidiary, Hachi, for the production of short-range electric vehicles, including two-wheelers, three-wheelers, and four-wheelers, with a designed capacity of 100,000 electric vehicles and 50,000 sets of components"
datetime: "2026-02-03T14:42:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274674661.md)
  - [en](https://longbridge.com/en/news/274674661.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274674661.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/274674661.md) | [繁體中文](https://longbridge.com/zh-HK/news/274674661.md)


# GRAPHEX GROUP invested 1.5 million to increase its stake in Chuangchi by 40%

GRAPHEX GROUP (06128.HK) announced the acquisition of 40% equity in Chuangchi from an independent third party for a cash consideration of HKD 1.5 million. Upon completion, the company will hold a total of 58% equity in Chuangchi, which operates a 60,000 square meter production facility in Xuzhou through its 79% subsidiary Hachi, used for the production of short-range electric vehicles, including two-wheelers, three-wheelers, and four-wheelers, with a designed capacity of 100,000 electric vehicles and 50,000 sets of components

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