[News-Oxcart Network]
On the evening of February 11, Luxun Precision issued an announcement that the company signed the "Strategic Cooperation Framework Agreement" with Chery Group, and intends to jointly establish a joint venture with Chery New Energy to specialize in the research and development and manufacturing of new energy vehicles.
"The company's medium- and long-term goal is to become a leader in tier 1 automotive components." Luxshare precision indication.
According to the announcement, Lixun Precision's controlling shareholder, Lixun Limited, signed the Equity Transfer Framework Agreement with Qingdao Wudaokou, which stipulates that Lixun Limited will purchase 19.88% of the equity of Chery Holdings, 7.87% of the equity of Chery Holdings and 6.24% of the equity of Chery New Energy held by Qingdao Wudaokou for 10.054 billion yuan.
After the completion of the transaction, Luxun Limited does not control Chery Holdings, Chery Shares and Chery New Energy.
In the view of Lixun Precision, Chery Group has been deeply engaged in the automotive industry for many years, has a complete technology and product research and development system in the field of vehicles, and has a strong core competitive advantage in the industry.
Chery Group's cumulative sales of vehicles in 2021 reached 961,900 units, an increase of 31.7% year-on-year. Among them, exports were 269,200 units, an increase of 136.3% year-on-year, and sales of new energy vehicles were 109,000 units, an increase of 144.6% year-on-year.
"(The cooperation) aims to strengthen the strategic layout of the company's automotive business in an all-round way, make full use of Chery Group's deep technology precipitation and terminal brand resources in the field of new energy vehicles, set up a joint venture company, and empower the company's technology accumulated in the field of consumer electronics for many years with customer resources." Luxshare precision indication.
Some people believe that behind the large-scale construction of cars by Luxun Precision, it seems to be directly related to the changes in the prosperity of the "fruit chain" industrial chain enterprises.
Luxun Precision started from connector products, and continued to expand production capacity and product lines in the later stage, successfully entered the Apple supply chain through acquisitions 10 years ago, and currently assembles AirPods, iPhones and other products for Apple, and is one of Apple's core suppliers in China.
According to the 2021 annual performance forecast previously disclosed by the "fruit chain" enterprises Lens Technology and Changying Precision, it is expected that its profit will decline significantly year-on-year. Epidemic factors, electricity restrictions, lack of core in the supply chain, and rising raw material prices have become the main reasons for the changes in the performance of "fruit chain" enterprises.
Therefore, the "fruit chain" industrial chain enterprises are also looking for new growth points, such as Lens Technology will set its sights on photovoltaics, and Changying Precision is vigorously laying out the power battery structural parts business.
Industry analysts believe that the strong electronic manufacturing capabilities of consumer electronics companies are the capabilities that are very much needed in the intelligent process of new energy vehicles, and automotive electronics is expected to promote the growth of Luxshare Precision in a longer time dimension.