If this deal is completed, smart technologies ltd. Will become jiangyei automotive participation, and the scope of the consolidated statements will not change. This transaction is not expected to constitute a related transaction。
According to the bulletin, the parties have not yet signed the relevant investment agreement, which is based on the final transaction documents signed by the parties。
The bulletin mentions that, to date, the main shareholders of smart technologies ltd. Were: china 80 per cent, cyrus motors 10 per cent and aveta technology (chongqing) inc. 10 per cent。
It is known that the cooperation between jiangyang group and china began with the signing of the comprehensive framework agreement on cooperation in december 2019. In december 2023, the two sides signed the agreement on cooperation in smart new energy cars, which officially announced that they would work together and build super-luxury smart electric cars in the form of the hongmong ji-mong model。
The first model of the two parties' cooperation — the location of s800, which officially came on the market in may 2025, has resulted in a cumulative delivery of more than 16,000 units by the end of march 2026, holding china's million-class super-luxan car sales champion seven months in a row。
Just on 26 april, jiangue group and china officially signed the joint innovation cooperation agreement in beijing. Under the agreement, strategic cooperation between the two sides entered a comprehensive and deep phase, centred on technology co-research, industrial chain convergence and brand co-branding, to accelerate progress towards china's super-luxe smart car leader。
The giang group stated that this deepening cooperation will be built around higher brand values and core competitiveness, and will work together to make the world china's super-luxurious car age pole, and will encourage china's new energy and automobile industry to move towards higher quality。
