Stationmaster's Home (ChinaZ.com) February 14 news: Luxun Precision Industry Co., Ltd. announced on February 11 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 exit for the core parts business of Lixun Precision Automobile.
In this regard, Luxun Precision said in an institutional survey a few days ago that the company did not build cars in this strategic cooperation with Chery, but cooperated with Chery to develop another new industry - to build a good car for others, that is, the vehicle ODM model.
Luxun Precision said that the company has always been in the automotive field to become the industry's leading Tier1 (Tier One) manufacturer as the core goal, but also has been looking for a platform that can exercise its tier1 core component capabilities. This strategic cooperation will rapidly develop the Tier1 business of listed companies on the basis of building an ODM model for cooperative car manufacturing, realize dynamic entry, and rapidly improve the company's core component comprehensive capabilities as Tier1 manufacturers. In terms of business, Chery is good at the vehicle business, the joint venture company will be led by Chery, and Luxshare Precision will coordinate in terms of business and customers.
It is understood that Luxun Precision, which was established in 2004, started with the production and sales of connectors, and later developed into the precision component FOUNDRY business of computer Internet mobile phone products, because it is an important leading company on apple's ecological chain, this company was once the darling of China's capital market.
![Luxun Precision established a new company of 20 million yuan, and its business scope includes auto parts wholesale[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)