Mr. Lu Guanqiu, Chairman of the Board of Directors of the auto parts industry giant Wanxiang Group, announced in a high-profile announcement that “by 2010, Wanxiang will have an industrial scale of 1,000 pure electric commercial vehicles and 1 billion watt-hour lithium-ion battery. Investment advisor auto industry analyst Li Shengmao believes that as an auto parts manufacturer, only the early layout can better respond to the development trend of the new energy auto parts market.

Compared with the entire vehicle industry, Wanxiang is taking the road of “from small to big” new energy electric vehicles. Li Shengmao stated that Wanxiang Group’s roadmap of “big to big” fully exploits its advantages in the field of batteries, electric control, and related parts and components, but it needs to move from “battery-motor-electric control” to “electricity. "The automobile" is a very difficult step. The vehicle manufacturing requires considerable technical accumulation. If Wanxiang Group wants to rapidly acquire the vehicle manufacturing technology, it may consider BYD and Zhongtai to acquire other car companies.

Chen Jun, general manager of Wanxiang Electric Vehicle Co., Ltd., said: "The key to electric vehicles lies in the battery. At present, the universal polymer lithium ion battery realizes the leap from battery cell technology to battery group power technology, and costs more than five years ago. 50% lower."

Li Shengmao believes that in response to the development trend of new energy auto parts and components, there are already some auto parts companies at home and abroad in advance of the layout, and actively research and development to meet the parts of electric vehicles. For example, Bosch, the largest auto parts giant in China, and Bosch, the world’s largest parts and components manufacturer, also moved to the new energy market.

Wanxiang Group manufactures and sells auto parts as its main business. It is the only auto parts company among the 120 pilot enterprises in the State Council and 520 key enterprises in the country. In 1999, Wanxiang began research and development of lithium-ion battery-powered electric vehicles, and has invested more than 450 million yuan in this project so far. It is the only domestic key component and powertrain for electric vehicles including batteries, motors, and electronic controls. Enterprises with systemic industry capabilities. With a maximum speed of 126 Km/h and a maximum driving range of 380 Km at economic speed, the indicator data of Wanxiang Electric Vehicles has an overwhelming advantage in the domestic electric vehicle field.

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