Gasgoo Munich-On April 30, JAC Motors announced plans to invest in Yinwang Intelligent Technology Co., Ltd. The specific investment amount, transaction method, and pricing will be determined by the definitive documents signed by both parties.
The announcement notes that JAC has initiated negotiations with Yinwang and its shareholders to join the investment. The goal is to jointly support Yinwang's ambition to become a world-class leader in intelligent driving systems and components, and to establish it as an open platform serving the automotive industry.
Image source: JAC Motors announcement
Upon completion of the transaction, Yinwang Intelligent Technology Co., Ltd. will become an associate company of JAC Motors, with no change to the scope of consolidated financial statements. The deal is not expected to constitute a related-party transaction.
According to the filing, the parties have not yet signed a relevant investment agreement; specific details will be subject to the final transaction documents.
As of now, Yinwang's major shareholders are Huawei Technologies Co., Ltd. with an 80% stake, Seres Automobile Co., Ltd. holding 10%, and Avatr Technology (Chongqing) Co., Ltd. holding 10%.
JAC Group's partnership with Huawei began with a comprehensive cooperation framework agreement signed in December 2019. In December 2023, the two parties signed a Smart New Energy Vehicle Cooperation Agreement, formally announcing plans to collaborate under the HarmonyOS Intelligent Mobility model to build ultra-luxury smart electric vehicles.
The first model from this partnership — the Maextro S800, positioned as a million-yuan ultra-luxury new energy sedan — officially launched in May 2025. By the end of March 2026, cumulative deliveries had exceeded 16,000 units, holding the title of China's best-selling ultra-luxury sedan for seven consecutive months.
Just on April 26, JAC Group and Huawei formally signed a Joint Innovation Cooperation Agreement in Beijing. The agreement marks a comprehensive deepening of their strategic partnership, focusing on joint R&D, supply chain integration, and brand building to accelerate Maextro's rise as a leader in China's ultra-luxury smart vehicle market.
JAC Group indicated that this deepened cooperation will revolve around enhancing the Maextro brand's value and core competitiveness. Together, they aim to establish Maextro as a benchmark for China's ultra-luxury automotive era and drive the high-quality development of the country's new energy vehicle industry.
