Jianghuai automobile intention hand Tianjin try Price rose

Source: Internet
Author: User
August 3, Jianghuai Automobile Bulletin said, the company and Tianjin right Equity Investment Management Co., Ltd. signed the "on Energy conservation and Environmental protection of new Energy vehicles Project joint venture letter of Intent", the two sides are interested in energy-saving and environmental protection of new energy vehicles and their powertrain and other products to carry out joint ventures, and will be Share a joint venture company.  Tianjin right-equity investment management company is the former brilliance of the actual control of the automotive company owned Hong Kong equities listed companies of the group's wholly owned subsidiary, registered capital of 2 million U.S. dollars. The announcement shows that the joint venture registered in Anhui Province Hefei, the initial investment of not less than 2 billion yuan, the main investment in energy-saving and environmental protection of new energy vehicle powertrain and core components; In addition, the joint venture will set up a specialized product research and development agency to develop new energy-saving and environmental protection products.  It is noteworthy, however, that the letter of intent is only legally binding on both sides, and that the final agreement or contract shall be valid after the approval of the Board of directors or the general meeting of the shareholders and the relevant government departments.  However, affected by the news, August 4 Jianghuai Auto became the leader of new energy vehicles, the early intraday fast trading, and then maintain a high volatility throughout the day, to close the 9.49 yuan, or more than 8%. Adventure Leaps Jianghuai Automobile Co., Ltd. 2009 Annual report shows that the company realized revenue of 20.09 billion yuan, the company's business to achieve a net profit of 502 million yuan, but in order to ensure long-term profits, obviously need to find new impetus. In early June by the Ministry of Industry and the Development and Reform Commission issued a joint "on the private purchase of new energy vehicles subsidy pilot Notice" in Shanghai, Changchun, Shenzhen, Hangzhou, Hefei, 5 cities are delineated to start private purchase of new energy vehicle subsidy pilot.  Among them, Jianghuai automobile has 8 cars into the Ministry of Industry's energy-saving car catalogue, which has become one of the driving forces for the development of new energy vehicles in Jianghuai. "Jianghuai may be lack of money, but also lack of international background." Through this cooperation, Jianghuai automobile can obtain the long-awaited foreign resources, including a large amount of funds, advanced technology, management concepts, to develop a slightly sluggish passenger car department injected fresh blood.  "said Jianue, chief commentator of the car. Huatai Union Securities industry analyst You Hongguang that the right path and Jianghuai cooperation is to obtain the Zhongsheng of new energy vehicles, and Jianghuai is also pinned.  Because Jianghuai in the field of new energy vehicles, there is no similar to SAIC, FAW, such as the joint venture background to achieve technology introduction, in the independent research and development and far behind Changan, Chery, so with Yang Rong cooperation is the important means to seek breakthroughs in Jianghuai. However, for the other side of Jianghuai cars, this seems to be a recruit "risk chess." "Jianghuai will be embarrassed." Although the Yang Rong in the past has created the Brilliance Department, but in the new energy vehicles, all the grand plan is only verbal, and the uncertainties are self-evident. "said an auto industry analyst. His worries are not unreasonable, although the car is the main direction of new energy, but its technology and products have not been successfully pushed to the market, in many people's view, the construction of Yang-rongA car-making plan is more of a seemingly beautiful but dangerous capital story than a truly reliable industrial blueprint.  In addition to the opportunities brought about by the new energy field, it is another reason for the steady and slow jianghuai to be so aggressive that it is called "Death without being big". Anhui provincial government has been a strong strategy to make the Ta ' an, especially in the country to promote the auto industry mergers and acquisitions, there are many rumors Jianghuai will and Chery merger, for Anhui Province, big Anhui auto industry is a good wish, but for Jianghuai and Chery two automobile enterprises,  There is still strong competition in the heart. Recently, in many occasions, Jianghuai cars strongly expressed their dream of bigger and stronger. Amgen, general manager of the company, said in an interview, Jianghuai Auto now the passenger car can only produce 150,000 in 2009, this year to 300,000, do 1 million next year. The hand of Tianjin, Jianghuai car in the new energy vehicle on a more weight. And for the fast-expanding Jianghuai car, the follow-up may have more capital operation, in addition, Jianghuai automobile and Tianjin on the right direction of the intention to hand, but also has been a suspicion of the Yang-Rong car plan to achieve a substantial step. Since 2010, Yang Rong through its enterprises and Italy Giugiaro design company signed the vehicle development and design agreement, the acquisition of domestic lithium battery manufacturers Jia-Li, registered in Tianjin to establish a good equity investment management company, such as a series of actions, to gradually build its domestic new Energy vehicle project Operation platform. At the same time, in June this year in Beijing, "the right Car Alabama project" Large description of the conference, the road car CEO Wangkuantao has said that the path of the car products will directly bypass the traditional energy vehicles, the development of gasoline, natural gas, electric power hybrid vehicle development and production plans, " The 2013 launch will also include pure electric cars. "The introduction of technology, although the total investment of the joint venture company is not determined, but for the amount of capital contribution, the way can be expected, namely, Jianghuai take cash, Yang melt out technology."  Xingye Securities Automotive analyst Lee Program pointed out that Jianghuai vehicles in cash form, reasonable use of the financing platform of listed companies; Yang Rong may be the "triple" of the hybrid technology shares, to achieve their own new energy car dream.  Lee program further analysis pointed out that Jianghuai Automobile Bulletin of the joint venture company's brand choice is more vague, did not mention whether the joint venture company will use the Jianghuai automobile brand. "Only formally introduced the concept of new energy vehicles, the short-term view of the cooperation in Jianghuai automobile performance has no impact." "Li program Analysis said," the medium-term listed companies may raise funds to new energy vehicles and core powertrain components of the development, further bigger and stronger, to avoid the four small and administratively merged or reorganization of the risk. "For the future of the joint venture prospects, Jianue said that his main concern is the Government's attitude is unclear, and the huge car-building plan can be real landing at home is still unknown."

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