Layout of New Energy West Resources 4 million Hang Lung Automotive
December 16, 2022
Following the entry into the new energy auto business, the western region will continue to deploy and improve the industry chain.
On the evening of June 20, the Western Resources Bulletin stated that in order to improve the layout of the new energy automobile market in the Yangtze River Delta region, the company and Jiangsu Hengneng Automobile Investment Co., Ltd. (between: Hengneng Automobile) have signed a capital investment agreement and plans to co-finance with them 5000 Ten million yuan was used to establish Henglong Motors, in which the company contributed 40 million yuan with its own funds, which accounted for 80% of the registered capital.
Western Resources said that the company's strategic planning adjustment and transformation will be based on lithium ore as raw materials, terminal vehicles as the main entry point, and gradually realize lithium battery materials, lithium battery assembly, new energy vehicle development, manufacturing and sales of integrated The layout of the complete industrial chain and the entire region including the southwest region, the Yangtze River Delta region, and the Pearl River Delta region.
The western resources are mainly mining and sales, but their expansion into the new energy auto industry is gaining momentum. On April 18 of this year, the company announced that it intends to raise more than 3.6 billion yuan for the acquisition of Wuzhoulong Automobile, Chongqing Hengtong Bus and other assets through the non-public issuance of shares to complete the strategic layout of new energy vehicles. After the acquisition, Western Resources will also realize the industrial layout of lithium ore mining, lithium battery materials, lithium battery assembly, new energy vehicle development, manufacturing and sales, and customer financing integration, and build a complete industrial chain for new energy sectors.
The industry believes that in recent years, Tesla as the representative of the car manufacturers set off a new energy car boom, China also implements a new energy vehicle strategy, including new energy buses will be the focus of our country to promote the model, the market prospect is very broad.