On February 11, 2014, Wanxiang Qianchao issued an announcement denying rumors of cooperation with Tesla.
According to the announcement, regarding the media cooperation between Wanxiang Group and Tesla of the United States, the company has not conducted any substantive discussion at present, nor has it reached any intention of cooperation.
The media recently reported that Wanxiang Group, the controlling shareholder of the company, had bid for the acquisition of Fisker, an American electric vehicle manufacturer. The announcement stated that Wanxiang Group is currently participating in the bidding for the acquisition of Fisker and hopes to enhance its technical capabilities through joint mergers and acquisitions. This behavior is completely normal commercial behavior and its success is uncertain. According to the announcement, there is no plan to transfer equity to Qiang Qian Chao in the next three months. The assets reorganization and other matters that have a significant impact on the company will not exist.
It is reported that Wanxiang Qianchao is a listed company of Wanxiang Group's auto parts manufacturing and sales. The company is committed to the construction of an independent supplier of auto parts systems. According to the announcement, the company has not yet acquired shares in Wanxiang Electric Vehicle Co., Ltd., and has not yet entered the entire vehicle business of electric vehicles. At present, the company has not carried out other special investment or investment intentions related to electric vehicles.
The relevant personage thinks, the technology reserve of Wanxiang Group new energy automobile is abundant. In 1999, Wanxiang Group began to do research on new energy vehicles and was the earliest company to carry out research on related technologies for new energy vehicles. After 2005, trials and improvement of new vehicles for new energy vehicles began, and a large amount of related technologies and data have been stored. In addition, the Group’s acquisition of the United States A123 company has been approved by the United States court and there is no competitive opponent, and the possibility of a final success is greater. A123 is currently the most technologically advanced lithium battery and energy storage system company in the United States. In the future, the company will accelerate the pace of mergers and acquisitions while doing endogenous development.
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