Overview
- Autozi said CDIB Capital International Holdings sent an investment letter proposing about $300 million in staged purchases at a comprehensive price of $5.00 per share.
- The company noted the proposal is subject to further negotiation, due diligence, regulatory and internal approvals, and execution of binding transaction documents.
- Management said the funding, if completed, would strengthen the balance sheet and support overseas expansion, product and technology upgrades, and localized service build-outs.
- On Dec. 16, Autozi announced a non-binding memorandum with several prospective buyers outlining roughly $980 million in procurement intentions for complete vehicles and parts through its digital platform.
- Autozi officially launched its China–Europe supply-chain platform on Dec. 15 after trial operations of about 300–500 CPV/SPV sales per month, with partner Velocar targeting more than 5,000 monthly units by 2026.