AutoBeta(AutoBeta.net)04/22 Report--

Accelerating the layout of the electric field has been an important plan of Volkswagen in the past two years, and the realization of battery cost control will help car companies to achieve higher profits. therefore, the acquisition or shareholding of battery manufacturers has undoubtedly become one of the important plans of automobile companies.

Recently, some media reported that as early as last year, it was exposed that Volkswagen had made new progress in buying a stake in Guoxuan Hi-Tech, a domestic battery manufacturer. Volkswagen's acquisition of the Guoxuan Hi-Tech stake has been approved by the board of directors, according to a person close to the matter.

Volkswagen Group will become the largest shareholder of Guoxuan Hi-Tech by issuing no more than 30% of its shares (about 5.24 billion yuan) and agreeing to transfer some of its shares, the insider said. and further become the controlling shareholder of Guoxuan Hi-Tech in the next three years.

However, as soon as the news came out, the share price of Guoxuan Hi-Tech rose so high that it quickly attracted the attention of the Shenzhen Stock Exchange, and issued a letter of concern to Guoxuan Tech on the evening of the 21st, asking Guoxuan Hi-Tech to confirm whether the above media reports are true, if not, should be clarified.

In response to this rumor, Volkswagen Group (China) said that there is no official information. And Guoxuan Hi-Tech has not yet responded to this.

In fact, the "rumor" of Volkswagen buying a stake in Guoxuan Hi-Tech has been aroused since last year, and the share price of Guoxuan Hi-Tech has risen many times during this period. In August last year, there were media reports that Volkswagen planned to invest in Chinese power battery suppliers, especially those with electric vehicle technology, in order to maintain its advantages and technological advantages in the Chinese auto market, and was examining a number of potential companies. this may include Guoxuan Hi-Tech Co., Ltd., a battery manufacturer based in Anhui Province, China. However, Volkswagen did not confirm foreign media reports on the matter, but said in a statement that it was discussing possible cooperation with a number of local suppliers.

Until January this year, foreign media reported that the German Volkswagen Group would acquire a 20% stake in Guoxuan Hi-Tech Co., Ltd., a Chinese manufacturer of electric car batteries. Similarly, in response to this matter, the staff of the Guoxuan Hi-Tech Council Secret Office said that so far no news had been received about the above-mentioned equity acquisition, and disclosed the "clarification announcement on media reports." it said that it was discussing with Volkswagen on possible strategic cooperation in technology, products, capital and other aspects in the future.

And on April 20, Guoxuan Hi-Tech said on the interactive platform that the online Audi Q7 electric version will carry the company's battery as a misrepresentation.

For this series of rumors, in the view of many netizens, it is an immutable fact, but before the official announcement, everything will change.

Of course, under the background that Volkswagen is committed to promoting electric vehicles in the Chinese automobile market, power battery technology is very important to Volkswagen, and as the main component leading the electrification transformation, localization cooperation will greatly reduce the cost of Volkswagen.

According to Volkswagen's plan, the company has increased its future investment in electrification to $66 billion (464.1 billion yuan), an increase of 36% over its previously announced budget, and Volkswagen will launch 75 electric models by 2030. Among them, the Chinese market is called by Volkswagen CEO Disi as the market that will determine the success or failure of Volkswagen, it is obvious that the localization of the supply chain is very important to Volkswagen.

As Volkswagen officially announced the completion of its new electric vehicle MEB platform factory in Anting, Shanghai, and the launch of its first ID family model in November last year, Volkswagen's electric layout is very urgent.

According to public information, Guoxuan Hi-Tech Co., Ltd. was established in 2006, mainly engaged in power lithium batteries and power transmission and distribution equipment two major plates. Among them, Hefei Guoxuan is mainly engaged in power lithium battery business, Dongyuan Electric Appliance is mainly engaged in power transmission and distribution business, of which power battery business accounts for 89% of Guoxuan Hi-Tech. Data show that the installed capacity of Guoxuan Hi-Tech ranks among the top three domestic power battery companies in 2019, second only to the Ningde era and BYD.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat