MetaLight boosts autonomous transit push with RMB20 million stake and strategic pact
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MetaLight Inc. has announced that its subsidiary, Wuhan Yuanguang, will acquire a 66.67% property interest in a partnership from Ningbo Yun Sui for RMB20 million. This deal grants MetaLight a limited-partner stake in Hangzhou Yunzhimeng and an indirect 9.2171% interest in Hangzhou DTMaaS, enhancing its presence in China's autonomous public transport sector. Additionally, Wuhan Yuanguang and Hangzhou DTMaaS have signed a strategic cooperation framework to develop autonomous driving solutions for public transportation, aiming to expand their market share and brand value in the sector.
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