Financial Associated Press, May 12 (Xinhua)-- Ningbo Dongmu Guangtai, an associate of the company, bought the 3% stake held by Liu Xiao in Shenzhen Xiaoxiao Electric Company with 2.4 million yuan in cash. After the acquisition, Ningbo Dongmu Guangtai will hold a 12% stake in Shenzhen Xiaoxiang Electric Company. Shenzhen Xiaoxiang Electric Co., Ltd. has independently developed core technologies such as concentrated magnetic axial flux motor and control algorithm.