I'm LongbridgeAI, I can summarize articles.AUTO ITALIA's equity transaction with BIPENG is progressing steadily, with BIPENG set to take a 21.34% stake, reshaping the company's equity structure. AUTO ITALIA has reached a procurement cooperation with WanBang New Energy for 10,000 pure electric vehicles, actively expanding into overseas markets, and the growth potential in the new energy commercial vehicle sector will be fully unlocked in the future
On the evening of May 19, AUTO ITALIA (00720.HK) released the latest announcement, stating that the company has received a notification from Dingpei Investment, and the equity transaction with B-ON is progressing in an orderly manner.
According to a previous announcement, after the completion of the share transaction, the shareholding ratio of the original core shareholder, Zhuang Tianlong, will decrease to approximately 4.45%, while the European new energy commercial vehicle giant B-ON will officially take control with a 21.34% shareholding ratio, leading to a complete restructuring of the company's equity structure and governance pattern.
As a leading enterprise in the European new energy commercial vehicle sector, B-ON has been deeply engaged in the European market for many years, possessing mature vehicle manufacturing technology, cutting-edge electrification research and development capabilities, and a comprehensive overseas sales and fleet operation channel, which gives it a strong industry influence and deep accumulation in the European commercial new energy vehicle market.
With the empowerment of capital and industrial strength from B-ON, the company will inject high-quality resources into AUTO ITALIA in the future from multiple dimensions, including technology research and development, product iteration, overseas channel layout, and global operations, helping the company quickly address industrial shortcomings and expand its overseas development landscape.
It is worth mentioning that while the equity restructuring is steadily advancing, the company's business layout has already taken the lead. Previously, AUTO ITALIA's subsidiary, Hande Xun Automobile, has reached a framework procurement cooperation for 10,000 pure electric vehicles with Wanbang New Energy, securing large-scale overseas vehicle export orders and actively exploring emerging overseas markets.
Overall, AUTO ITALIA currently presents a positive development trend with business initiatives being implemented and equity delivery progressing steadily. With the strong support of B-ON's overseas industrial resources, combined with its own overseas vehicle orders, the company's growth potential in the new energy commercial vehicle sector is fully opened, and its industrial upgrade and globalization development have entered a new stage