According to Zhitong Finance App, Xiangshan Co., Ltd. (002870.SZ) announced that the company plans to issue shares and pay cash to purchase 100% of its total shares in Zhejiang Wuluo Smart City Technology Co., Ltd. from Ningbo Genxi, Zhejiang Qintong, Zhiyan Xinhe, Wenzhou Qunhong, Ruisheng Intelligence, and Wang Ling, and raise supporting capital. The total consideration for the transaction is tentatively set at 800 million yuan. Trading of the company's shares will resume from the opening of the market on September 15, 2026.

After the transaction is completed, the company will add AI computing power equipment business to the existing auto parts business to form a “auto parts+AI computing power” two-wheel drive business pattern.

After the transaction is completed, the company's business layout in the field of AI computing power will be expanded. In addition, the company will further develop its advantages in precision manufacturing, quality systems and large-scale supply chains, promote mass production delivery and cost optimization of the target company's main products, help the target company's main products and technologies expand horizontally in downstream application scenarios such as new energy vehicles, charging and distribution, and energy storage businesses, further enrich the business structure of listed companies and cultivate new performance growth points.

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