Million to buy the company's shares in the Philippines

Absrtact: Since February 14, 149.2 million U.S. dollars (about 928 million yuan) of the comprehensive valuation of the successful acquisition of U.S. electric vehicle manufacturers Fisker, April 7 night, Wanxiang Qianchao Co., Ltd. (hereinafter referred to Qianchao; 000559,sz) issued a notice, further

from February 14 to 149.2 million U.S. dollars (about 928 million yuan) comprehensive price successful acquisition of U.S. electric vehicle manufacturers Fisker, April 7 night, Million to Qianchao Co., Ltd. (hereinafter referred to Qianchao 000559,sz) issued a notice to further disclose the progress of the above-mentioned events.





according to this "about the company holding shareholder million to the group of companies to buy the United States Phelps Progress Bulletin" said: "Million to the group to buy the company's shares in the United States, the acquisition process in the United States has made substantial progress, Wanxiang Group has completed the United States, the company's delivery work, is currently processing the relevant departments of China's approval, the specific completion time is still uncertain. ”





on this, the million-way view, following the acquisition of the U.S. lithium-ion battery manufacturer A123 System company last year, the completion of the Fisker delivery work, marking the new energy automotive industry chain has been preliminarily formed. However, some insiders told the Daily economic news reporter, because has not yet obtained the car qualification, even complete the acquisition of Fisker, million to the "car dream" is still difficult to achieve in the short term.





Twists Acquisition Fisker





was founded in 2007 and Fisker was once considered to be the most "similar" to Tesla's US luxury electric vehicle manufacturers, but unfortunately, Tesla in the United States and even the global market in the "wind", but Fisker because of the core technology deficiencies and security questioned, and ahead of the "decline." In 2012, as its battery supplier, the United States A123 System Company announced bankruptcy, the Phillips model "Camaro" was also forced to suspend production, follow-up products were put on hold. In November 2013, Fisker formally filed for bankruptcy protection.





's troubled Fisker has seen hope in China's largest parts company. Million to the Chairman of the Group Board of Directors Lu has a dream, that is involved in the whole car manufacturing.





In June 1999, the Wanxiang Electric Vehicle Project team was established, and subsequently determined the battery-motor-electric control-electric vehicle development strategy. 2002, Wanxiang successfully developed lithium-ion power battery, motor and controller and other key components. Subsequently, the first electric car and electric bus were also developed. Starting from 2004, the Pure Electric bus is put into demonstration operation in Hangzhou. 2009, million to the group announced the investment of 1.365 billion yuan to build the largest domestic electric vehicles and lithium battery production base.





But Lu is still dissatisfied with this, in order to quickly acquire technical resources, million to the group launched a round of intensive overseas mergers and acquisitions. May 2010, Wanxiang Group and focused on power batteries and fuel cell business of the United States Ener1 Company joint venture, the first investment of more than 300 million U.S. dollars, in Hangzhou, the establishment of fully automated batteries and battery system production base. January 2013, million to 256 million U.S. dollars to buy the United States battery equipment business A123 system company.





the above action, million has been for its "car Dream" to do a series of supporting preparations, and whether the successful acquisition of Fisker, as a part of the company from the parts of the vehicle manufacturers to the key step forward.





therefore, in the Fisker of the first troubled 2012, Wanxiang began to contact him, and said "interested in any way possible to provide assistance to Fisker". Subsequently, in a bid for the Fisker, Wanxiang launched a "contest" between the Green Tech car (GTA), a Chinese-American Wang Xiaolin, and the hybrid technology holding Company (Hybridtech), a holding by Richard Li. Eventually, after twists negotiations and auctions, the group will fisker a successful income with a combined 149.2 million dollar valuation.





plan to revive "Kamala"




Although
has successfully won Fisker, but in the industry, Lu's "dream of car-building" is still impossible to achieve in the short term.





first of all, the department itself does not have much advantage in technology, its core technology is almost in the hands of suppliers. "For example, chassis, hybrid control systems, control systems, etc. are owned by quantum technology companies, and the battery system is provided by the American A123 Systems Company and manufactured by the Finnish Valmet plant," said Tingyong, an independent automotive analyst. ”





Second, in the production qualification, although in October last year, the Ministry of Industry issued the "Vehicle manufacturers and Products Bulletin" (The No. 254 instalment), million to the group subsidiary of Wanxiang Electric Vehicle Co., Ltd. appeared in the list of new vehicle production enterprises. However, the million to obtain the only special-purpose vehicle production qualification, mainly passenger cars, trucks and other commercial vehicles production qualification, does not include cars. This also means that even with Fisker and its associated electric-vehicle production technology, it is still difficult to "graft" it into its auto business in the short term.





may be aware of the above problems, and in the bid for Fisker, Wanxiang did not mention the relevant technology in China. Instead, the revival of Fisker's model "Camaro" was put to the first step.





in accordance with universal planning, in the overall recovery plan, "universal version" of the Fisker will first of the market for 2000 vehicles "Camaro" models to provide maintenance, maintenance and other "three packs of services", and secondly, the sale of Fisker inventory. It is understood that the existing inventory of the Camaro is about 100~200; third, in April this year, the Fisker will resume a foundry in Finland, which has been discontinued for 18 months, and then gradually transfer production from Finland to the United States.





In addition, Wanxiang plans to invest, design and develop Fisker second-generation models (GENII), as well as batteries, plug-in hybrid drive systems, and other new energy vehicle development core technology, to make up for the Fisker long-term lack of core technology of the short board.





However, in the opinion of independent auto analyst Tingyong, it is not easy to restart the production of Fisker, which will not only pay high costs, but will also face a series of problems that are missing from core technology.