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With the latest developments in the reorganization of resources in the west, the company’s recently published “Prepublication Plan for Non-Public Issuance (Revised Draft)†explained the details of major projects. In the total financing of RMB 3.618 billion, RMB 2 billion was used to acquire 80% equity of Shenzhen Wuzhoulong Motor Company and increase capital, RMB 870 million to acquire 57.55% equity of Chongqing Jiaorong Company and RMB 326 million to acquire 59% equity of Chongqing Hengtong Bus. RMB 69,691,800 purchases 35% equity of Chongqing Hengtong Electric and the remaining funds are used to supplement cash flow.
In response to the reorganization of the company, Wang Na, the secretary of the Western Resources Department, received an exclusive interview with the reporter and analyzed the reorganization plan. He said that “the company is looking at the development potential of renewed energy vehicles, so it actively uses its existing resource advantages to create a new energy industry chain.†Wang Na said: "The successful development and quantification of the company's new energy-powered batteries will take approximately one to two years, and will be scaled in accordance with the needs of the company's new energy vehicle batteries and the demand for domestic and international new energy-powered batteries in the next three to five years. produce."
Hengtong spotted maturity model <br> <br> positive transformation initiatives for new energy vehicles, Wang Na said: "The company now has more abundant lithium ore resources, and the establishment of lithium battery production plant, now develop new energy bus business, It can integrate existing resources and extend the industry chain."
In the acquired project, Chongqing Hengtong Bus and Hengtong Electric were deemed as important targets for the acquisition. Before the non-public issuance plan was announced, Western Resources had acquired 7% of Hengtong Bus and 31% of Hengtong Electric.
Once the transaction is successfully completed, Western Resources will hold 66% of Hengtong Bus and 66% of Hengtong Electric.
The mature fast-charging model and operating experience are one of the advantages of Hengtong Bus and Hengtong Electric. Chongqing Jiaorong Company is an important layout of the western resources' expanding market share. According to the plan, the company will provide a financing platform for the sale of new resources vehicles in the western region. Wang Na said: “This means that the company does not have to be limited to selling cars. It can use leasing to reduce the pressure on the bus operators and put the electric bus. Car to more cities."
Layout of the new energy bus <br> <br> relative Hengtong Bus and related companies, many market participants Shenzhen Wuzhou Dragon automobile trading shouted accident. Wuzhou Long Automobile, established in 2002, is an automobile manufacturing enterprise that earlier launched the R&D of new energy buses in China. Prior to the announcement of the reorganization plan, Wuzhou Long Automobile was less likely to enter public opinion.
Wang Na bluntly stated that this was a consideration in the layout of the industry. "After integrating Wuzhou Long, we will become the nation's largest new energy bus manufacturer. At the same time, Wuzhou Long Radiation Pearl River Delta, Chongqing Hengtong radiation Southwest, Jiangsu subsidiary radiation Yangtze River Delta, forming an extensive network, the company market sales Help," said Wang Na.
According to statistics, Wuzhoulong Automobile has provided nearly 3,000 new energy buses for Shenzhen City so far, and has subsidiaries in Chongqing, Shenyang, Liaoning, and Jieyang, Guangdong, removing the qualification for new energy vehicles and possessing the capacity for the production of power batteries. .
Wang Na said frankly that the company is extending to new energy passenger vehicles through the layout of new energy buses. In addition, Western Resources laid out lithium battery production in Suzhou, including the acquisition of an 85% stake in Suzhou Longneng Technology and the establishment of Suzhou Yuliang Battery Co., Ltd. with a joint investment of 50 million yuan.