BYD Hong Kong and Aicar Group's New Joint Venture Enters Public Notice Period

According to the website of the Zhejiang Provincial Administration for Market Regulation, the case concerning the establishment of a new joint venture by BYD (Hong Kong) Co., Ltd. and Aiche Group Co., Ltd. has entered the public notice period, which runs from November 4, 2026 to November 13, 2026. According to the simplified case public notice form for concentrations of undertakings, on September 23, 2026, BYD (Hong Kong) Co., Ltd. and Aiche Group Co., Ltd. signed a joint venture agreement and a supplementary agreement, planning to jointly establish a private joint stock company limited by shares in Hong Kong. The joint venture will engage, solely in Hong Kong, in the investment, construction, operation and maintenance of public charging stations for new energy vehicles and related charging infrastructure, as well as the sale and after-sales service of charging equipment and related products. Upon completion of the transaction, BYD Hong Kong and Aiche Group will each hold 50% of the shares in the joint venture and jointly control it.