Volkswagen plans to spend 3.5 billion to acquire 50% of JAC shares
On May 27, Reuters quoted two people familiar with the matter as saying that Volkswagen Group of Germany is in final negotiations to acquire 50% of Anhui JAC Group Holdings Co., Ltd. (hereinafter referred to as "JAC Holdings"), with the merger and acquisition amount of at least 3.5 billion yuan. Sources also revealed that Volkswagen will also become the largest shareholder of Chinese power battery supplier Guoxuan Hi-Tech , and the two transactions may be announced as early as May 29.
At present, JAC Motors and Volkswagen have not yet made public response to the acquisition of 50% of Jiangqi Holdings' equity. JAC Auto stated in a risk warning announcement released on the 27th: "Recently, relevant media reported that the company's controlling shareholder Jiangqi Holdings intends to introduce strategic investors. After written inquiry with the company's controlling shareholder Jiangqi Holdings, Jiangqi Holdings is planning to introduce strategic investors. The introduction of strategic investors by Jiangqi Holdings this time does not involve the change of the company's control rights. There has been no final plan yet. There is still major uncertainty in this matter."
Fengchuan Power Automobile Transmission is expected to be put into production in June
Yibin News Network reported that the first phase of the electric vehicle transmission production project invested and constructed by Yibin Fengchuan Power Technology Co., Ltd. will start construction in November 2019. At present, the main part of the project has been completed, and the first phase of the project is expected to be completed and put into production in June this year.
It is understood that the company has 5 electric drive mechanical transmission production lines in the newly built factory, covering a total area of about 50 mu, and the total estimated investment of the project is about 50 million yuan. Among them, there is one production line in the first phase of the project and four production lines in the second phase of the project, and the construction is carried out in 3 phases. The first phase of the project is expected to be completed by the end of June this year. By then, the company will build an electric drive mechanical transmission production line with an annual output of 40,000 units. The second phase of the project is expected to be completed by the end of 2021 next year, and the third phase of the project is expected to be completed by the end of 2022. After the completion of the entire project, Fengchuan Power's new factory will build five electric drive mechanical transmission production lines with an annual output of 200,000 units. The company will continue to aim at the domestic advanced and international first-class electric vehicle transmission suppliers.
It is reported that Yibin Fengchuan Power Technology Co., Ltd. was founded by 5 postdoctoral fellows from Tsinghua University. It is a national high-tech enterprise engaged in the research, development, production and sales of multi-speed electric drive systems for electric vehicles. As a key investment promotion project at the city and district levels, the company is an important part of our city’s new energy vehicle industry chain. According to the company's development needs and the industrial layout of Xuzhou District Industrial Park was adjusted, the company officially launched the construction of a new factory in Gaojie Industrial Park in November 2019.
Lijin Fuxin die casting machine parts production line expansion
On May 27, the Taiping Branch of Liaoning Province Fuxin City Ecological Environment Bureau accepted the environmental impact assessment application for the expansion of die casting machine parts production and processing capacity of Fuxin Lijin Northern Machinery Co., Ltd. and made public. According to the data, the expansion investment is 70 million yuan, located in , Taiping District, Fuxin City. It expands a machine-added workshop and a new heat treatment workshop. At the same time, three new products are added, with an annual production of steel department, 2,500 sets of hinges and 30 sets of DCC6000 three major boards. It is expected to be put into production in November this year.
Fuxin Lijin Northern Machinery Co., Ltd. was established in December 2004. It is a wholly-owned subsidiary of Lijin Technology Group. Its predecessor was Fuxin Northern Die Casting Machine Co., Ltd. The existing production capacity is to produce 450 sets of die-casting machines and 4,800 sets of high-precision components of CNC machines annually.
Ithente transmission body and 5G communication parts project started
On May 27, the new gearbox body and 5G communication parts project (Phase II) invested and built by Chongqing Ithente Technology Development Co., Ltd. in the Industrial Park of Fuling New City, started construction at the 2020 major projects in the second quarter of 2020.
It is reported that the second phase of Itsant added 304 new process equipment (sets) and 44 quality inspection equipment, enhancing the annual production capacity of 600,000 gearbox bodies and 1.2 million 5G communication parts. Currently, 20 million yuan has been invested to book the pre-development of international leading equipment and molds.
Huafu light metal precision alloy project phase II started
On May 27, the start of the light metal precision alloy product manufacturing project (Phase II) of Huafu Precision Technology ( Ma'anshan ) Co., Ltd. was held in Ma'anshan Economic Development Zone. The project covers an area of 54 mu and will focus on the production of related accessories in the field of new energy vehicles. The project is expected to complete infrastructure construction within the year and will be officially put into production in February next year.
Huafu Precision Technology (Ma'anshan) Company was invested and established by Taiwan-funded enterprise Huafu Technology Co., Ltd. Huafu Technology Company mainly serves the light metal processing and manufacturing fields such as magnesium alloy , and has semi-solid injection molding technology, die casting molding technology and stamping molding technology. The light metal products produced are used in various industries such as medical, industry, information, communications, construction, automobile, sports, aerospace, and transportation.
Minglida Equipment Manufacturing Headquarters and Mold R&D Projects settled in Boluo
On May 28, it was learned from the 2020 key industrial project construction ceremony held in Longhua Town, Huizhou City that one of the key industrial settlement projects in Boluo County in 2020, Minglida Modern Equipment Manufacturing Headquarters and Precision Mold R&D Projects, invested by Guangdong Minglida Technology Co., Ltd., and settled in Boluo County Provincial Industrial Transfer Industrial Park, covering an area of 140 mu, mainly engaged in the research and development of modern intelligent equipment, zinc-aluminum-magnesium alloy die-casting materials, tooling and clamping fixtures, surface treatment, automation design, etc.
Guangdong Minglida Technology Co., Ltd. is a wholly-owned subsidiary of Shenzhen Minglida Precision Technology Co., Ltd., established in 2014, located in Qingxi Town, Dongguan City, and is engaged in the research and development and production of surface treatment of precision molds, aluminum alloys, magnesium alloys, and zinc alloys.
ZF chassis parts project was put into production in August
From Zhangjiagang Economic and Technological Development Zone, the ZF chassis parts project invested and constructed by Germany's ZF Group has basically completed the main building of the factory building, and internal decoration and equipment installation and debugging are underway. The project is expected to be completed in early July this year and will be put into mass production in early August. The project was signed and settled in Zhangjiagang Economic and Technological Development Zone last year and is the third phase of ZF Group's Zhangjiagang production base project. After completion, ZF Zhangjiagang will become the largest investment and largest production base in the Asia-Pacific region of ZF Group.
Great Wall Motors ( Taizhou ) vehicle project went into production in October
Taizhou Daily reported that the Great Wall Motors vehicle project located in Taizhou Port Economic Development Zone has now entered the stage of simultaneous construction of infrastructure and equipment. The construction of the main steel structure of the factory building has been completed. It is expected that the equipment installation and debugging work can be completed in September and production will begin in October. The project started construction in November last year and is the eighth vehicle production base of Great Wall Motors in China. It mainly manufactures Haval brand and new energy vehicles with core competitiveness, with an overall planned annual production capacity of 200,000 vehicles.
Source: compiled on the Internet
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