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Tuesday, 01/20/2015 2:12:58 AM

Tuesday, January 20, 2015 2:12:58 AM

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Interview Geely Holding Group Chairman Li Shufu

For a long time does not appear in public in front of Mr. Li traveled this time flew Maryland, where "all the way along," just blowing warm air, and Mr. Li to do the same with the previous move more forward-looking - he wants a new enterprise called ocean Group to jointly build a mini electric car "know beans."

As a location in the "small is beautiful" on the product, not the people know beans understood the kind of traditional low-speed electric vehicles, it is the use of new ocean accumulated over the years of independent positive technology development system, based on the world's first electric automotive lightweight body and chassis platform dedicated to build a new generation of miniature electric cars, one hundred kilometers in just 8 kWh of energy consumption, mileage up to 160 kilometers.

Cheung Kong Graduate School Associate Dean Professor Liao Jianwen think, positioning know beans Weixing pure electric city car passenger is short for the "last mile Big Traffic" service, mainly used to improve inner city traffic environment. To big to say, China's urbanization occurred during transport and environment are two issues, Weixing electric car is a viable solution.

It is reported that this partnership, Geely and new ocean joint venture with a registered capital of 1 billion yuan total, Geely Holding Lanzhou plant valued 500 million yuan as a joint venture company with registered capital investment, Geely shares accounted for more than 50 percent in the joint venture while the new ocean, GSR joint venture, double-Lin shares, Jiangxi and other joint letters to all the rights and interests of the parties will be Shandong ocean consideration of RMB 500 million investment in the new company, accounting for more than 50% of the shares.

As one of the co-investor, partner GSR Ventures Fund, HE Hu Song is quite optimistic about the future of the joint venture's market prospects. He said the new Ocean Group has in the entire eight years after the establishment of the only round of R & D investment, but not a penny of output, has spending one billion yuan, and in 2006 began to gather in the field of electric vehicles. "So the new ocean called the electric car industry where a small catfish. And now, a veteran of the old catfish Zealous with this small catfish combined together, it produces a chemical reaction how exciting? From my perspective, I think it will be a market capitalization of over ten billion US dollars of the company. "

And this, new ocean Electric Vehicle Technology Co., Ltd. President Bao Wenguang said the identity, he said, the next 15 years, annual mini electric car market capacity will not be less than 15 million, the market prospects for the future. Know beans sold in 2014 over 7400 vehicles, pure electric vehicle market industry ranks third, after a joint venture with Geely, will be effectively integrate their superior resources, the rapid increase in market share.

It is worth mentioning that, like Mr. Li, ??? home is Taizhou, Zhejiang. Therefore, this cooperation is also seen as two fellow handshake Taizhou, China's private economy is reflected in particular dynamism of private enterprises in Zhejiang.

According to reports, after the joint venture, the newly formed joint venture - New Ocean Electric Vehicle Technology Co., Ltd. will be in the development, production, sales and service operations of electric mini-car platform as the main business. The company will base vehicle assets Lanzhou Geely Group and Shandong new electric car company to integrate the ocean, and gradually form an annual production capacity of 300,000 vehicles. The Lanzhou base as a new Ocean Electric Vehicle Technology Co., an important production base in the west, now has an annual production capacity of 100,000 vehicles.
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