New Material Intelligence NMT | “Fruit Chain” giant announced to build a car! More than 10 billion shares of Chery are held by the controlling shareholders of Lucent Precision

On November 11, Lucent Precision (002475) announced that the company and Chery Holding Group Co., Ltd. (hereinafter referred to as “Chery Holdings”), Chery Automobile Co., Ltd. (hereinafter referred to as “Chery Shares”) Chery New Energy Automobile Co., Ltd. (hereinafter referred to as “Chery New Energy”) (“Chery Holdings”, “Chery Shares”, “Chery New Energy” and its related parties collectively referred to as “Chery Group”) jointly signed the Strategic Cooperation Framework Agreement (hereinafter referred to as “the Agreement”) in Wuhu to establish a strategic partnership between the two parties.
It is reported that on the basis of this agreement, Lucent Precision and Chery New Energy intend to jointly establish a joint venture company, specializing in the research and development and manufacturing of new energy vehicles, providing cutting-edge research and development design, mass production platform and sea access for the core parts business of Lucent Precision vehicles, and is committed to achieving the company’s medium and long-term goal of becoming a leading manufacturer of auto parts Tier1.
In addition, on the signing date of this agreement, the controlling shareholder of Lucent Precision, Lucent Limited (hereinafter referred to as “Lucent Limited”) and Qingdao Wudaokou New Energy Automobile Industry Fund Enterprise (Limited Partnership) (hereinafter referred to as “Qingdao Wudaokou”) signed the Equity Transfer Framework Agreement, which agreed that Lucent Limited would purchase 19.88% of the shares of Chery Holdings held by Qingdao Wudaokou with RMB10.54 billion 7.87% shares of Chery and 6.24% shares of Chery New Energy. After the transaction is completed, Lixun Limited will not control Chery Holdings, Chery Shares and Chery New Energy. Before the signing of the Equity Transfer Framework Agreement, Qingdao Wudaokou held 46.77% of the shares of Chery Holdings, the largest shareholder of Chery Holdings.
According to the data, as a domestic “fruit chain” giant, Lucent Precision focuses on the R&D, production and sales of connectors, connectors, motors, wireless charging, FPC, antennas, acoustics and electronic modules. The products are used in 3C (computer, communication, consumer electronics), enterprise-level equipment, automobile, medical and other fields. Among them, in the field of automobile, the company focuses on the “blood vessel and nervous system” of the whole vehicle, and its specific products include the whole vehicle harness, special harness, high-voltage harness and connector of new energy vehicles, intelligent electrical box, RSU (roadside unit), on-board communication unit (TCU) and central gateway.
According to the enterprise investigation, on January 28, Lucent Precision Industry (Wuhu) Co., Ltd. was established, with the legal representative of Li Jing and the registered capital of 20 million yuan. The company is 100% controlled by Lucent Precision Industry Co., Ltd. in Xuancheng, and its business scope includes: automobile parts and accessories manufacturing; Wholesale of auto parts; Retail of electronic components; Sales of electric accessories of new energy vehicles, etc.
Lixun Precision said that this time, the company and Chery Holdings and its related parties jointly signed a strategic cooperation framework agreement, which aims to strengthen the strategic layout of the company’s automobile business in all aspects, take full advantage of Chery Group’s deep technical precipitation and terminal brand resources in the field of new energy vehicles, establish a joint venture and enable the company’s technology and customer resources accumulated over the years in the field of consumer electronics to cross the border, With the strong support of the vehicle joint venture platform as the cutting-edge R&D design, mass production platform and export port, the company will dynamically enter the market and rapidly improve the comprehensive ability of the core components of the company as a Tier1 manufacturer, rapidly polish, optimize and expand in practice, realize the diversification and large-scale development of the company’s core components, achieve the medium and long-term goal of becoming a Tier1 leading manufacturer, and lay a solid foundation for the company’s sustainable development in the future.
As one of the leading auto companies of Chinese brands, Chery Group has accumulated more than 10 million users worldwide. On February 11, Chery Group disclosed its production and sales report in January. The company’s terminal sales volume was 107710 vehicles, up 20% year on year, reaching a record high in the same period; The company sold 87040 vehicles in January, up 11.8% year on year. Among them, 26900 vehicles were exported overseas, up 60.9% year on year; The sales of new energy vehicles reached 20635, with a year-on-year increase of 179.6%. Both exports and new energy reached a record high in the same period.
It is noteworthy that the company also announced that it plans to acquire about 74.67% of the shares of Huiju Technology Co., Ltd., a listed company on the main board of the Stock Exchange of Hong Kong, through its overseas wholly-owned subsidiary, Lixun Precision Co., Ltd. at HK $0.80 per share, for a total consideration of HK $1.104 billion. It is reported that Huiju Technology is a supplier of customized wire interconnection solutions. This acquisition aims to further improve the strategic layout of the company’s interconnection products in the fields of communication, medical treatment, automobile, industry and other fields from the aspects of products, customers and markets.