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After more than 10 years of layout, Lu Guanqiu finally obtained qualification as a constructor. Recently, the Ministry of Industry and Information Technology of the People's Republic of China issued the list of new vehicle manufacturers to be released in the "Vehicle Production Enterprises and Products Announcement" (No. 254). In the publicity list, Wanxiang Electric Vehicle Co., Ltd. is among them. This also means that Wanxiang Group will officially obtain the qualification for the production of special electric vehicles after the expiry of the public announcement on the 28th. Industry analysts pointed out that as the largest auto parts manufacturer in China, Wanxiang has successfully entered the vehicle production industry, which is of great significance to its industrial transformation. At the same time, Wanxiang Group’s founder Lu Guanqiu has made many years of development. Car dreams.
Obtained special vehicle production qualification
According to the contents of the "Announcement", "Wanxiang Electric Vehicle Co., Ltd." is qualified for production. The registered address of the company is located in "Building 3rd Road, Xiaoshan Economic and Technological Development Zone, Hangzhou", and the production address is "Xietang Road, Xiaoshan Economic and Technological Development Zone, Hangzhou City." No. 42" belongs to the "Newly Established Special Vehicle Manufacturing Enterprise." This also means that in the future, Wanxiang Group will obtain production qualifications for the production of new energy buses and trucks.
It is reported that Wanxiang Electric Vehicle Co., Ltd. was established in 2002 and is a wholly-owned subsidiary of Wanxiang Group. It is committed to mastering episodic energy technologies and developing energy-saving and environmentally-friendly automobiles. It has developed according to the previously established “battery-motor-electronic control-electric vehicleâ€. The strategy has achieved good results in high-power, high-energy polymer lithium-ion battery, integrated motor and its drive control system, vehicle electronic control system, automotive engineering integration technology and trial production platform.
In fact, Wanxiang Group has been accelerating the deployment of new energy vehicles. In 2009, Wanxiang Group announced that it invested 1.365 billion yuan to build the largest domestic electric vehicle and lithium battery production base. In addition, it launched a round of intensive overseas mergers and acquisitions. In May 2010, Wanxiang Group and Ener1, a US company, jointly invested more than 300 million U.S. dollars in the first phase and established a fully automated battery cell and battery system production base in Hangzhou. In January this year, Wanxiang Group successfully acquired A123 Systems, the largest lithium battery manufacturer in the United States, for US$265 million. The company is the largest and most technologically advanced lithium battery manufacturer in the United States and has a core patented lithium iron phosphate battery.
Prior to the official acquisition of vehicle production qualifications, according to statistics, Wanxiang Group has successfully operated electric vehicles in a demonstration operation mode. Last year, Wanxiang Group delivered 5 pure electric buses to the Hangzhou Public Transport Group and it operated on the “Xiyuan Road-Songchang Community†section, with a single trip mileage of more than 150 kilometers.
Breakthrough Electric Vehicle Industry
However, it successfully obtained the vehicle production qualification, and still achieved a huge breakthrough for Wanxiang Group. It also completed the "dream of building a car" that Wanchang Group's founder Lu Guanqiu had for many years.
Prior to this, Lu Guanqiu once said in a high-profile manner: "My generation can't make a car, my son also wants to make it!" It highlights its determination to build a car.
In fact, Wanxiang Group is not the first to eat crabs from the transition of parts and components to vehicle manufacturing. Prior to this, Ningbo Huaxiang and Weichai Power all made similar attempts. Ningbo Huaxiang, as a large-scale auto parts manufacturer in China, encountered multiple difficulties in the process of transforming the entire vehicle manufacturing. The Huaxiang Automobile Plant entered a semi-discontinued state in June 2006.
However, compared to the previous path, Wanxiang Group chose new energy as a breakthrough point, and used policy Dongfeng to lay the final link of the electric vehicle industry. The analysis pointed out that Wanxiang Group entered the production camp of new energy policy, first of all, it has technical advantages in the field of batteries and motors. At present, after the successful acquisition of the United States A123, battery-related technologies have basically been overcome, which has advantages over some traditional vehicle companies.
However, even if Wanxiang obtains production qualification, its development remains difficult. Data show that from 2009 to 2012, the cumulative sales of pure electric vehicles and plug-in hybrid vehicles in China were only about 30,000, and the market share of pure electric vehicles in China is still low. At present, domestic sales of new energy vehicles still rely mainly on government purchase orders for buses, taxis, and special vehicles. This means that Wanxiang Group can obtain instant vehicle manufacturing qualifications for electric vehicles and it may not be able to make profits in the short term.