Gelonghui November 2丨Hechuan Technology (688320.SH) announced that in order to further enhance the company's competitiveness and broaden the company's product range, the company plans to jointly invest with Robert Bosch and Bosch China to establish a joint venture, Leda Bochuan Automation (Shanghai) Co., Ltd. (ultimately subject to the name approved by the registration authority), which will mainly engage in R&D, production, and provision of automation and electrification solutions and related products and services. The registered capital of the joint venture is RMB 120 million; Robert Bosch plans to invest 48 million yuan in monetary terms, accounting for 40% of the registered capital of the joint venture; Bosch China plans to invest 12 million yuan in monetary terms, accounting for 10% of the registered capital of the joint venture; and the company plans to invest 60 million yuan in monetary terms, accounting for 50% of the registered capital of the joint venture.