The 16th China Zhejiang Investment and Trade Fair and the 3rd China Ocean Economy Investment Fair were officially opened in Ningbo on the 8th. In the "dialogue: cross-border investment and cooperation - the signing ceremony of major investment projects," Zhejiang Province signed 37 major investment projects on the scene, with a total investment of 166.9 billion yuan. Among them, a pure electric new energy passenger car project is particularly eye-catching. It is invested by Wulong Electric Vehicle (Group) Co., Ltd., which is listed on the Hong Kong Stock Exchange. The project is located in the Hangzhou Yuhang Economic and Technological Development Zone. The total investment of the project is 5.1 billion yuan. Among them, the first phase of the project will invest 2.5 billion yuan. After the completion of the project in 2015, it will achieve the production capacity of 20,000 pure electric minibuses and pure electric light and medium commercial vehicles. Wulong Electric Vehicle (Group) Co., Ltd. was formerly known as Zhongju Battery.
Hang production of new energy vehicles will be mass battle <br> <br> yesterday signed 37 projects in emerging industries and modern service industry occupies a major role. Among them, many projects are not only in line with the direction of transformation and upgrading, but are also likely to bring changes to the people’s production and life.
With the Tesla electric car selling worldwide, the car does not burn oil, it is no longer a fantasy. With the landing of the contract, in the near future, Hangzhou residents will be able to get on the pure-electric minibuses, pure electric vehicles, light buses, and pure electric commercial vehicles.
The pure electric new energy bus project signed yesterday was invested by Wulong Electric Vehicle (Group) Co., Ltd., which is listed on the Hong Kong Stock Exchange. The project is located in Yuhang Economic and Technological Development Zone of Hangzhou City. The total investment of the project is 5.1 billion yuan. Among them, the first phase of the project will invest 2.5 billion yuan. After the completion of the project in 2015, it will achieve the production capacity of 20,000 pure electric minibuses and pure electric light and medium commercial vehicles.
“Compared with some domestically-made electric vehicles that are modified on the original models, our electric vehicles will be newly designed, and new factories will be specially developed to produce electric vehicles.†Wu Long Electric Vehicle (Group) Co., Ltd. Executive Director and Chief Operating Officer, Chen Yanping, general manager of Hangzhou Yangtze River Passenger Vehicle Co., Ltd., told the reporter that Wulong Electric Vehicle Group had previously merged and reorganized Hangzhou Yangtze River Passenger Vehicle Co., Ltd., and after injecting the 6-year-old pure electric vehicle car series technology, the brand will still use “Yangtze Riverâ€. brand".
Chen Yanping introduced that pure electric minibuses and pure electric light commercial vehicles are mainly targeted at the needs of 7 to 30 seats, among which commercial vehicles are directly aimed at the current government official vehicles and SME business reception vehicle markets. In the past, these models were introduced. Was dominated by Toyota Coste.
Chen Yanping said that the government of Hangzhou and even Zhejiang Province has taken the lead in new energy vehicles nationwide and strongly supported the policies. This is also an important reason for the final selection of Hangzhou in cities such as Tianjin and Suzhou.
Wulong Electric Vehicle (Group) was formerly known as Zhongju Battery. Previously, Zhongju Battery (00729, HK) announced that it acquired the Target Company for a consideration of RMB 190 million. The Target Company owns 50% indirect interest in Yunnan Meimei's passenger car manufacturing. Yunnan Meimei's passenger car manufacturing is mainly engaged in manufacturing, sales, assembly and maintenance of passenger cars and electric vehicles. Automobiles and assemblies, as well as parts and components. The acquisition will provide the Group with an immediate platform to engage in the manufacture of electric vehicles. Zhongzhong Battery proposed to change the company name to "FDGE Electric Vehicles Limited" and adopt the Chinese name "Wulong Electric Vehicle (Group) Co., Ltd." as the company's second name. The proposal was approved by all shareholders and has taken effect.
Wulong Group’s subsidiary Hangzhou Changjiang Auto signed an investment agreement for pure electric new energy vehicle projects with the Yuhang District People’s Government of Hangzhou last December. Wulong and the company acquired an area of ​​345,900 square meters of land in Hangzhou for the project. The development of a manufacturing facility for the production of electric vehicles is expected and the facility is expected to begin commercial production by the end of this year/early next year. The manufacturing facility will be designed to produce an annual output of 100,000 cars, including two-seat pure electric passenger cars, five-seat pure electric passenger cars, and six- to nine-metre long pure electric minibuses and hybrid minibuses.
The investment has settled in the Xinsong Southern Innovation Research Center in the Linjiang Industrial Park in Xiaoshan. This time the company signed a robotic welding intelligent technology application project. The representative of the company, Liu Weifang, said that the reason why he chose to settle in Hangzhou is to see the economic development of Zhejiang as a whole. At the same time, there are many traditional industries in Zhejiang that need to be upgraded, and the “machine substitution†space is huge. Xinsong Group is the parent company of the listed company's robot (300024), and it is one of the strongest companies in China with the highest R&D and manufacturing capabilities.
It is understood that after the completion of the new Songnan Innovation Research Center and the industrialization base, 400 production lines of robots and automation products will be released each year.
Over half of the project investment of over 2 billion yuan <br> <br> trade and investment as a key project in Zhejiang each year, the signing ceremony yesterday, merchants gathered, a strong lineup. More than 400 representatives from more than 10 Fortune 500 and 100 multinational corporations including Unilever, Caterpillar, and General Electric, municipal government leaders, business departments, relevant park representatives, and business representatives attended the conference.
At the meeting, a total of 37 major projects in the province were signed, with a total investment of 166.9 billion yuan, including 22 foreign-invested projects, a total investment of 18.24 billion US dollars (approximately 113 billion yuan), and an agreed foreign investment of 3.9 billion US dollars (approximately 23.8 billion yuan). There are 15 domestic-funded projects with a total investment of 52.9 billion yuan. Involving new energy vehicles, textiles, electricity, logistics, bio-medicine, marine chemicals, tourism, medical and other industries.
Of the 37 projects signed, 19 have a total investment of over 2 billion RMB. There are 10 projects with a total investment of more than RMB 5 billion and a total investment of RMB 130.6 billion, accounting for 27% and 78.3% of all the contracted projects. Among them, the largest investment in the foreign-funded project of Fenghua Baoneng International Gulf Tourism and Leisure Resort is invested by Hong Kong Baoneng International Holdings Co., Ltd.
The 37 major investment projects have been reduced in size and individual scale. The organizing committee said that when these projects were introduced in the early stages, they had “approximately three chapters†for these investment projects: the investment background was real, the investment projects were real and effective, and the contracted projects required the project industries to be in line with the direction of economic transformation and upgrading, and they could start construction within this year. To ensure that the project is actually settled in Zhejiang.
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