The giant "fruit chain" announces the construction of a car! More than 10 billion of Lixun's controlling shareholders buy shares in Chery

On February 11th, Lixun Precision (002475) issued a notice saying that The company and Chery holding Group Co., Ltd. (hereinafter referred to as "Chery Holdings"), Chery Automobile Co., Ltd. (hereinafter referred to as "Chery"), Chery New Energy Automobile Co., Ltd. (hereinafter referred to as "Chery New Energy") ("Chery Holdings", "Chery Holdings", "Chery New Energy" and its related parties collectively referred to as "Chery Group") jointly signed the Strategic Cooperation Framework Agreement (hereinafter referred to as "this Agreement") in Wuhu. To establish a strategic partnership for both sides.

It is reported that on the basis of this agreement, Lixun Precision and Chery New Energy plan to set up a joint venture company specializing in the research and development and manufacture of new energy vehicles, providing cutting-edge R & D design, mass production platform and sea port for Lixun precision automobile parts business, and committed to realizing the company's medium-and long-term goal of becoming a leading Tier1 manufacturer of auto parts.

In addition, on the day this agreement was signed, Lixun Precision shareholder Lixun Co., Ltd. (hereinafter referred to as "Lixun Co., Ltd.") signed the "Equity transfer Framework Agreement" with Qingdao Wudaokou New Energy Automobile Industry Fund (Co., Ltd.) (hereinafter referred to as "Qingdao Wudaokou"). The agreement stipulates that Lixun Co., Ltd. will buy 19.88% of Chery Holdings, 7.87% of Chery shares and 6.24% of Chery New Energy held by Qingdao Wudaokou with 10.054 billion yuan. After the completion of the deal, Lixun Limited does not control Chery Holdings, Chery shares and Chery New Energy. Before the signing of the Framework Agreement on Equity transfer, Wudaokou in Qingdao held a 46.77% stake in Chery Holdings, making it the largest shareholder of Chery Holdings.

Data show that, as a domestic "fruit chain" giant, Lixun Precision focuses on the R & D, production and sales of cables, connectors, motors, wireless charging, FPC, antennas, acoustics and electronic modules. Products are used in 3C (computer, communications, consumer electronics), enterprise equipment, automotive, medical and other fields. Among them, in the automotive field, the company specializes in vehicle "vascular and nervous system", specific products include vehicle wiring harness, special wire harness, new energy vehicle high voltage wire harness and connectors, intelligent electric box, RSU (roadside unit), vehicle communication unit (TCU) and central gateway and so on.

According to enterprise investigation, on January 28, Lixun Precision Industry (Wuhu) Co., Ltd. was established, with a legal representative of Li Jing, with a registered capital of 20 million yuan. The company is controlled by Xuancheng Lixun Precision Industry Co., Ltd. the scope of business includes: auto parts and accessories manufacturing; auto parts wholesale; electronic components retail; new energy automobile electrical accessories sales and so on.

Lixun Precision said that the strategic cooperation framework agreement jointly signed with Chery Holdings and its related parties is aimed at strengthening the strategic layout of the company's automotive business in an all-round way, making full use of Chery Group's profound technical precipitation and terminal brand resources in the field of new energy vehicles, setting up a joint venture company and cross-border enabling the technology accumulated by the company over the years in the field of consumer electronics and customer resources. With the strong support of the vehicle joint venture platform as a cutting-edge R & D and design, mass production platform and sea port, we can dynamically enter the bureau and rapidly enhance the comprehensive capability of the company's core components as Tier1 manufacturers, so as to quickly polish, optimize and expand the company's core components in practice, achieve the diversification and large-scale development of the company's core components, achieve the medium-and long-term goal of becoming a leading manufacturer of Tier1, and lay a solid foundation for the company's sustainable development in the future.

Battery Network learned that as one of the leading group of Chinese brands, Chery Group's global users have exceeded 10 million. On February 11, Chery Group disclosed that KuaiBao produced and sold 107710 vehicles in January, an increase of 20 percent over the same period last year and a record high for the same period. The company sold 87040 vehicles in January, up 11.8 percent from the same period last year. Of these, overseas exports were 26900, up 60.9 percent over the same period last year; sales of new energy vehicles were 20635, up 179.6 percent over the same period last year, and exports and new energy both reached record highs in the same period.

It is worth noting that Lixun Precision also announced that the company plans to acquire about 74.67% of the shares of Huiji Technology Co., Ltd., a company listed on the main board of the Hong Kong Stock Exchange, through Lixun Precision Co., Ltd., a wholly-owned subsidiary of the Hong Kong Stock Exchange, for a total consideration of HK $1.104 billion. It is reported that Huiji Technology is a supplier of customized wire interconnection solutions, and this acquisition aims to further improve the strategic layout of the company's interconnected products in communications, medical, automotive, industrial and other fields from the aspects of products, customers, market, etc.