Jiwei Network News (Wen/Zhang Lin) Tianyan inspection shows that recently, Dachuang Precision Intelligent Manufacturing (Dongguan) Co., Ltd. was established, the legal representative is Huang Wei, the registered capital is 200 million, and the business scope includes rectifier and inductor manufacturing; electronic component manufacturing; integrated circuit chip and product manufacturing. Shareholder information shows that the company is wholly owned by Lixun Precision Industry Co., Ltd.
According to the data, Luxshare Precision is a company focusing on the research and development, production and sales of connectors. The company's core products are computer connectors, and the company is gradually entering the field of automotive connectors, communication connectors and high-end consumer electronics connectors to expand new product markets.
It is reported that Luxshare Precision plans to raise no more than 13.5 billion yuan for six major projects and supplementary working capital. For investment in the field of automotive electronics, Luxshare Precision said that it has established a joint venture with Chery Automobile to engage in the vehicle ODM (original design manufacturer) business.
In the future, there is still a broad market space for vehicle electrification, according to the "New Energy Vehicle Industry Development Plan (2021-2035)" issued by the General Office of the State Council, it is expected that the penetration rate of domestic new energy vehicles will reach 20% in 2025, and by 2035, pure electric vehicles will become the mainstream of new sales vehicles, the public domain vehicles will be fully electrified, fuel cell vehicles will achieve commercial applications, and highly autonomous vehicles will achieve large-scale applications. The rapid development of new energy vehicles will promote the continuous growth of demand for automotive electronics-related products. The gradual popularization of intelligent and new energy vehicles in traditional vehicles will add a large number of upstream precision electronic devices and components to the production capacity demand, according to Statista forecast, the global automotive electronics market size of 217.9 billion US dollars in 2020, by 2028 is expected to reach 400.3 billion US dollars, a compound annual growth rate of about 8%. (Proofreading | Andy）