2024年5月16日， On May 16, 2024, iAuto Group (hereinafter referred to as "iAuto") and Chinese Express announced that the two parties would officially sign a comprehensive strategic cooperation agreement on May 10, 2024. The scope of cooperation between the two parties includes but is not limited to: manufacturing cooperation, equity mergers and acquisitions, technical cooperation, brand and international sales docking, supply chain and production integration to complete sales orders. iAuto will fully support Gaohe Automobile’s plan to resume business operations and vehicle production. The transaction will set a precedent for China's auto industry restructuring initiatives, and will successfully implement policies such as "promoting business restructuring, eliminating over-investment in production capacity, and optimizing the business environment" in various cities.
With iAuto's financial, technical and resource support, Human Horizons has begun rebuilding its team and resuming production. With guaranteed financing from institutional investors, iAuto plans to invest up to US$1 billion as the first round of special funding for the restructuring of Human Horizons. The two parties aim to complete the transaction before the release of financial reports in the first half of 2024.
Leveraging iAuto's access to overseas capital, technology and market resources, the strategic cooperation with Chinese Horizons sets a new milestone for the global energy revolution. iAuto is committed to promoting the use of truly clean energy to replace fossil fuels and eliminate vehicle pollution globally. In the future, iAuto believes that cars will evolve from pure transportation to a distributed network of clean energy, thereby becoming the ultimate solution to the global energy crisis faced by all mankind.
iAuto chose Huaren Horizon as its strategic partner in China because Huaren Horizon has mature innovation capabilities in design and technology. Chinese Horizon fully believes in and recognizes iAuto’s mission and values. In addition, Chinese Horizon believes that iAuto’s strategic technology roadmap is a complement and enhancement to Chinese Horizon’s strategic technology roadmap, and will therefore help Chinese Horizon fully realize the potential and advantages of its innovative product designs and technologies, and provide support for the development of new transportation and Contribute to the way of power generation, and ultimately achieve the goal of Chinese Horizon to completely change the way people commute.
关于iAuto Group Inc.：
Incorporated in Delaware, USA, iAuto Group is a leading automotive platform focused on increasing the value of promising automotive companies. The company was co-founded by a group of experienced finance, investment and consulting professionals with extensive and extensive expertise in the automotive industry.
iAuto has rich technical reserves and international patents in the field of clean energy vehicle powertrain and motor systems, including i) low-temperature controllable fusion modules in micro-rotary generators to replace gasoline and other fuels; ii) super drive systems ( Performance is more than 5 times that of traditional drive systems); iii) Fintech expertise in the automotive mobility business.
source:EIN Presswire
The original article was originally published on WeChat public account (automotive new technology information):Human Horizons and iAuto signed a strategic cooperation agreement to support the restructuring of Gaohe Automobile with US$1 billion
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