Jiwei Network News (Text/Wu Jiaxi) On February 10, Weifu Hi-Tech said in the record of investor relations activities released that it will enter the field of "new energy vehicle thermal management system and core components" with the strategic new product business of electronic oil pump, relying on Weifu Hi-Tech Group technology, market and manufacturing platform, and fully promote the research and development and application of key components such as battery cooling plates, heat exchangers and strategic products of thermal management systems. And further actively seek the development of other application scenarios such as energy storage.
The Investor Relations Activity Record Form is an interpretation of the Contents of the Announcement on the Proposed Acquisition of Equity and Related Party Transactions issued on February 9. According to the announcement, Weifu Hi-Tech intends to acquire VHIT and VHCN for 60 million euros. In addition, Weifu Hi-Tech said that the acquisition was carried out through bidding and negotiation, and finally based on the advantages of the long-term and stable strategic partnership between Weifu Hi-Tech and Bosch, the synergy of business strategy and the future strategic development of the target business, it obtained the opportunity to further deepen strategic cooperation with Bosch.
Weifu Hi-Tech said that the electronic oil pump business acquired this time is in line with the current development direction of the mainstream thermal management system of new energy vehicles to the oil cooling system. The target company has mature mainstream high-end new energy passenger car market customer channels and brand advantages; has the ability to develop the system's products, software and hardware design and system integration capabilities, and the products have the leading advantages in integrated, intelligent, lightweight, high efficiency and other technologies; at present, it has obtained a number of international and domestic mainstream high-end new energy head customer projects. At the same time, with more than 60 years of industry accumulation, Weifu Hi-Tech has the collaborative capabilities of supply chain, cost optimization, quality control, efficiency improvement, etc., which will further empower and enhance the leading edge of the business in the field of new energy vehicles.
It is understood that Weifu Hi-Tech has initially formed a new strategic pattern of comprehensive development of the four major sectors of existing core business and strategic emerging business, "dual engine drive" and "energy saving and emission reduction", "green hydrogen energy", "intelligent electric" and "other core components". Among them, the "intelligent electric" section mainly includes four business areas: "core components of electric drive system (core components of electric drive, hub motor), thermal management system/core components (electronic oil pump and components, thermal management system), intelligent perception core module (millimeter wave radar perception solution), and core components of cabin (intelligent cockpit, car seat)". During the "14th Five-Year Plan" period, the related business of the "Smart Electric" segment will have a direct and positive contribution to the operating income and profit of Weifu Hi-Tech. (Proofreading | Andy）
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