On May 31st, Guoxuan Hi-Tech announced that the company’s wholly-owned subsidiary Hefei Guoxuan and Beijing New Energy Automobile Co., Ltd. (hereinafter referred to as Beiqi New Energy) signed the “2017 Purchase Agreement†in Qingdao on May 28, 2017. "Beiqi New Energy plans to purchase a pure electric vehicle battery system from Hefei Guoxuan with a total contract value of RMB187,500. This contract is an annual supply contract for 2017 signed between Hefei Guoxuan and Beijing Automotive New Energy.
Guoxuan Hi-Tech Announcement shows that the specific content of the procurement contract is 50,000 sets of power battery pack (according to the actual monthly delivery order), Hefei Guoxuan will be delivered in batches from May 2017 to December 2017 Beiqi New Energy all the goods stipulated in this contract.
It is understood that Beijing Automotive New Energy has become a core strategic cooperation customer of Guoxuan Hi-Tech since 2015. Guoxuan Hi-Tech has started supplying three-cell batteries to BAIC New Energy in 2017. In the most recent fiscal year, the company and BAIC New Energy incurred transaction amounts. About 56.737 million yuan.
The announcement said that the amount of the contract accounted for 39.41% of the company's audited operating revenue in 2016, because the contract uses a batch delivery method, delivery time is all in 2017, and is expected to have a positive impact on the company's 2017 operating results.
At the opening ceremony of the Guoxuan Hi-Tech Qingdao Base on May 28th, Wei Zhigang, Deputy General Manager of Beijing Automotive New Energy Co., Ltd., stated: “The establishment of a comprehensive strategic partnership between the two parties is based on the cultural philosophy of respecting technology and advocating innovation. Protecting a blue sky and realizing the common responsibility of China's wisdom to become bigger and stronger has a deep consensus and a long-term basis."
For this kind of close intimacy and cooperative relationship, executive vice president Wang Yong said that this is the development trend in the future. The combination of the power battery plant and the entire vehicle company is stronger on the one hand and the other on the other hand. The market outputs high-quality products and makes it a national brand.
Today, the trend of OEMs and power battery companies joining forces is becoming more and more obvious. SAIC and Ningde have joined forces in the past. SAIC's model is to establish two joint ventures with the Ningde era and one for cell core production from the Ningde era. Holding, one made battery pack production, controlled by SAIC. Wang Yong said that the combination of vehicle manufacturers and power battery companies will become the mainstream of new energy industry development in the future.
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