On the evening of December 13, Volkswagen, Europe's largest automaker, officially announced that it will invest about 2 billion euros (about 14 billion yuan) in Salzgitter, Germany, for its own battery production, which is scheduled to be put into production in 2025. According to previous reports, the battery factory will also cooperate with Guoxuan Hi-Tech.
In May 2020, in order to deepen the layout of new energy vehicles in China, Volkswagen decided to invest in power battery manufacturer Guoxuan Hi-Tech. On December 12, after a year and a half, the desire of the two sides to be deeply bound was successfully landed. According to the report on the disclosure of the fixed increase by Guoxuan Hi-Tech, the company's targeted issuance of shares to Volkswagen China was successfully completed, and the total amount of funds raised was 7.303 billion yuan. At this point, Volkswagen China's shareholding ratio is 26.47%, becoming the largest shareholder of Guoxuan Hi-Tech. However, the actual controller of the company is still Li Jin.
However, it is worth noting that although the cooperation with the public is deepened, the performance of Guoxuan Hi-Tech is still not optimistic.
On the one hand, in 2021, with the installed capacity of lithium iron phosphate batteries counterattacking ternary lithium batteries, Guoxuan Hi-Tech's income has picked up. In the first three quarters, the company achieved revenue of 5.725 billion yuan, an increase of 40.4% year-on-year. On the other hand, Guoxuan Hi-Tech mainly supplies batteries to A00-class vehicles, which are fiercely competitive in the market, and automakers pursue the ultimate cost performance. Under the background of the sharp rise in upstream raw materials, the profit space of Guoxuan Hi-Tech has been further squeezed. In the first three quarters, the company's gross profit margin further decreased to 18.30%, and the non-net profit was -173 million yuan.
In addition, Guoxuan Hi-Tech has recently been deeply involved in the "quality gate" incident.
On November 28, Anhui Oupeng Power Technology Co., Ltd. held a "whistle-blowing battery safety - Guoxuan lithium battery suspected quality defect explanation meeting" in Beijing, pointing out that the lithium battery cells supplied by Guoxuan Hi-Tech are suspected of having quality problems, and the motorcycles equipped with the cells have had many spontaneous combustion accidents.
In this regard, Guoxuan Hi-Tech said on the official Weibo that this is a malicious slander of Oupeng Power, and pointed out that Oupeng Power owes it more than 20 million yuan in payment. Oupeng Power said that the unpaid payment was the balance of the battery involved, and asked Guoxuan Hi-Tech to respond positively to whether there was a battery quality problem. At present, Guoxuan Hi-Tech and Oupeng Power have their own opinions, and the incident has not progressed further for the time being.
As of today's close, Guoxuan Hi-Tech fell 1.3% to 59.83 yuan / share.
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![Guoxuan Hi-Tech is deeply involved in the battery spontaneous combustion storm, and can the performance fluctuate and can it get out of the dilemma of betting on the wrong route?[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)