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Daily car news: Geely's special shareholders' meeting passed the proposal to increase its stake in Extreme Krypton

Let's take stock of what major events happened in the automotive circle on December 19, 2021.

Auto Incident 1: Geely's Extraordinary General Meeting of Shareholders passed the proposal to increase its stake in Extreme Krypton

Daily car news: Geely's special shareholders' meeting passed the proposal to increase its stake in Extreme Krypton

Recently, Geely Automobile announced that at the special shareholders' meeting held on the same day, the company has passed the proposal to further increase its stake in Extreme Kr. According to the proposal, Geely Automobile will acquire 220 million ordinary shares of Extreme Kr from Geely Holding Group, accounting for about 10.34% of the current issued share capital of Extreme Kr. After the transaction, Geely Automobile's proportion of Extreme Kr shares increased to 58.31%. Based on the valuation of the Krypton pre-A series, the transaction involved an amount of approximately RMB5.6 billion, and was conducted in the form of part of the shares and part of the cash.

Automobile incident two: The future of the car to push the "three new" planning

On December 18, Qiantu Automobile held a 2022 strategy sharing meeting at its Suzhou plant, and Qiantu's "three new" plans were officially released. At the same time, the future K50 was rolled off the production line and delivered to new users at the event.

Daily car news: Geely's special shareholders' meeting passed the proposal to increase its stake in Extreme Krypton

In this strategy sharing meeting, Qiantu Automobile released the technology research and development and application of new materials, new energy and new intelligence, and announced that its new model, The Future K20, will be officially launched in 2022 and will be deployed in Malaysia and Southeast Asia. The current future K20 is in the dynamic testing phase.

Automotive Event Three: MAHLE develops new fuel cell cooler interior coatings

MAHLE has developed an innovative fuel cell cooler interior coating that combines high operational safety with high cooling performance and extends battery cooler life. The new coating does not require heavy metals or other chemicals that are harmful to the environment. The technical group is promoting the mass-market applicability of fuel cell vehicles.

Daily car news: Geely's special shareholders' meeting passed the proposal to increase its stake in Extreme Krypton

The new coating on the aluminum surface inside the cooler is a very thin ceramic film. It ensures that the coolant is essentially unaffected by harmful ions, thus maintaining its long-term non-conductive properties. In order to design a safely operating fuel cell cooling circuit, the coolant used must be non-conductive because it will come into contact with the current-carrying elements inside the fuel cell. Conductive coolants produce undesirable leakage currents. The system uses deionized, high-purity water with additives. If this liquid comes into contact with the aluminum surface of the cooler, it will stain the aluminum material and become conductive again. Mahler's new coating prevents this from happening.

Auto Incident 4: GCL Energy / Dongfeng Motor Group signed a cooperation agreement

A few days ago, GCL Energy technology officially announced that GCL Energy Technology Co., Ltd. signed a new energy strategic cooperation agreement with Dongfeng Motor Group Co., Ltd. Passenger Vehicle Company and Dongfeng Commercial Vehicle Co., Ltd. in Wuhan.

Daily car news: Geely's special shareholders' meeting passed the proposal to increase its stake in Extreme Krypton

According to the strategic agreement, GCL Energy will jointly develop a demonstration city with Dongfeng Passenger Vehicles and launch a batch of electric taxis. At the same time, GCL Energy will also sell more than 10,000 electric heavy trucks of Dongfeng commercial vehicle models with Dongfeng Commercial Vehicle in the next 5 years, and build more than 200 substations.

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