AutoBeta(AutoBeta.net)09/13 Report--

Beijing authorities are actively promoting Xiaomi's acquisition of Bowo car production qualification, transferring 180000 Bowo car production capacity to Xiaomi car project, according to the Financial Associated Press. At the same time, as the existing capacity of the Baowo automobile plant cannot meet Xiaomi's investment of as much as US $10 billion in the next four years, Xiaomi will select a site and build its own factory in Wuhan by acquiring existing production capacity and production qualifications. Adopt the "Beijing + Wuhan" dual-plant model to ensure a stable production capacity effect in the future. However, as of press time, Xiaomi did not respond to the relevant reports.

As a member of "BBBA", Bowo does not have a strong sense of existence in the domestic market. In 2014, Chinese commercial vehicle brand Foton Motor spent 5 million euros to buy Bowo, and after establishing Beijing Bowo Motor in 2016, it lost 4.014 billion yuan in the three years from 2016 to 2018. The overburdened BAIC Futian listed to transfer 67% of Beijing Baowo's shares, and eventually Shenzhou excellent car became the pick-up, and Beijing Baowo became the holding company of Shenzhou excellent car.

Data show that Beijing Baowo Automobile Factory is located in Zhongguancun Miyunyuan, Miyun District, Beijing, covering an area of 1.1 million square meters, covering stamping, body, paint, final assembly four major process workshops and RDC (Logistics Distribution Center), covering stamping, welding, painting, final assembly, testing, logistics, IT and other complete vehicle production technology. More importantly, Bowo cars are qualified to produce fuel-side and new-energy vehicles.

However, the current situation of Bowo cars is not considerable. At one point in June, it was reported that Bowo was about to enter bankruptcy proceedings. A media on-the-spot visit found that the Bowo car factory was silent. A staff member of a labor service company told reporters that the factory had stopped production for more than a year and workers were being laid off one after another.

At present, Shenzhou excellent car is eager to sell its stake in Bowo Automobile, while the performance of the Bowo car market is not optimistic, but because of its dual production qualifications and self-built plant. For Xiaomi, its focus is nothing more than production qualifications and self-built factories, perhaps in this context to buy Bowo cars, it bears less value risk.

In addition to Beijing, Xiaomi also plans to build a plant in Wuhan, based on the fact that the existing capacity at the Baowo plant cannot meet Xiaomi's investment of as much as $10 billion over the next four years. According to sources from the recruitment company, if you join the job now, you will first work for Xiaomi Central Control and a supplier of car bodies. When the factory is built, it will be included as a reserve talent. Xiaomi Motor may have completed the site selection of its own factory in Hannan District, Wuhan Economic and technological Development Zone, and construction will begin soon.

It is worth mentioning that Xiantao City, Hubei Province, which is adjacent to Hannan District and "paired" with Wuhan Economic and technological Development Zone, is also within the scope of Xiaomi Automobile Hubei territory. An online document shows that the cooperation content of Xiantao High-tech Zone, which is paired with Wuhan Economic and technological Development Zone, includes Xiaomi R & D base. The person in charge said in an interview that Xiaomi now has an industrial park in Xiantao, but Xiaomi's factory and R & D center are still in talks and have not been finalized. Now Hubei is promoting the five counties to melt the city, and Wuhan is also fighting for it. It is hard to say where it will fall in the end, but Xiantao has a better chance.

Although the location of Xiaomi's car factory and the way it is built have gradually come to light, Lei Jun is still running around to build cars. Major leaders of Jilin Province recently met with Lei Jun and his party in Changchun, according to news released on the official website of the Jilin provincial government on September 11. During their stay in Jilin, Lei Jun and his entourage also went to China FAW for in-depth docking talks on cooperation matters.

There is a view that, inferred from Xiaomi's consistent light asset model over the years, Xiaomi's car will most likely adopt a contract production mode. after all, the 10 billion yuan invested in the first phase is not enough to build its own factory at the same time. Lei Jun frequently visited Changan, Guangzhou Automobile, Great Wall, SAIC, Dongfeng and other mainframe plants after the announcement of car construction, and it seemed to the outside world that they were all preparing for potential OEM targets.

Industry analysts believe that from a long-term trend, although Xiaomi Automobile is headquartered in Beijing, and the factory may also be located in Beijing, it may also choose multiple locations in the future, such as Xiaopeng, NIO and other car manufacturing brands. there may be multiple vehicle manufacturing factories, eventually forming a layout with Beijing as the headquarters and setting up factories and R & D centers in many cities.

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