Taotao Motors Acquires Champion Motorsports Group Holdings for $15 Million to Expand Market

Taotao Auto announced that on December 15, 2025, its board of directors approved the acquisition of all equity interests in Champion Motorsports Group Holdings through a subsidiary, using $15 million of the company's own funds. This transaction will help the company integrate the target company's sales network, customer resources, and brand assets, expand business scale, optimize brand portfolio, and achieve efficient and low-cost supply chain operations, thereby enhancing profitability and market competitiveness. The target company will be included in the consolidated financial statements.