Luxshare Precision: Plans to build a joint venture with Chery to develop and manufacture new energy vehicles

IT Home February 11 news, Luxun Precision Industry Co., Ltd. announced today that the company intends to jointly establish a joint venture with Chery New Energy, specializing in the research and development and manufacturing of new energy vehicles, providing cutting-edge R&D design, mass production platform and sea outlet for The core components business of Luxshare Precision Automobile.

IT Home learned that on the day of the signing of the agreement, the company's controlling shareholder, Lixun Co., Ltd. (hereinafter referred to as "Lixun Limited") and Qingdao Wudaokou New Energy Automobile Industry Fund Enterprise (Limited Partnership) (hereinafter referred to as "Qingdao Wudaokou") signed the "Equity Transfer Framework Agreement", which stipulated that Lixun Limited would purchase 19.88% of the equity of Chery Holdings, 7.87% of chery shares and 6.24% of the equity of Chery New Energy held by Qingdao Wudaokou for 10.054 billion yuan, and after the completion of the transaction, Lixun Limited does not control Chery Holdings, Chery Shares and Chery New Energy. Before the signing of the Equity Transfer Framework Agreement, Qingdao Wudaokou held 46.77% of the equity of Chery Holdings, making it the largest shareholder of Chery Holdings.

Lixun Precision said that the company and Chery Holdings and its affiliates jointly signed a strategic cooperation framework agreement, aimed at comprehensively strengthening the company's automotive business strategic layout, making full use of Chery Group's deep technology precipitation and terminal brand resources in the field of new energy vehicles, setting up a joint venture company and enabling the company's technology accumulated in the field of consumer electronics over the years with customer resources, and dynamically entering the bureau and rapidly improving the company's behavior under the strong support of the vehicle joint venture platform as a frontier R&D and design, mass production platform and sea outlet The comprehensive ability of tier 1 manufacturers' core components is rapidly polished, optimized and amplified in practice, so as to achieve the diversification and large-scale development of the company's core components, achieve the medium- and long-term goal of becoming a tier 1 leading manufacturer, and lay a solid foundation for the company's future sustainable development.