To see why, you can check out the post I am responding to. But, I find the following article to be of interest since we are still showing the "V3" on the ZJMY website. This indeed was the premiere vehicle of ZJMY the "V3 SUV" and it was jointly put together by ZJMY and Cowin/Kay Wing Chery. As many of you know, we have ties to Wuliangye and now Wuliangye owns 51% OF Cowin/Kay Wing Chery. Could get interesting for development. http://www.sohu.com/a/214433238_260616
Wuliangye Cross-dressing: Yibin City SASAC join hands Chery's Kay wing car 2018-01-03 19:53 SAC / equity / the IPO Wuliangye subsidiary equity Kay wing car, intended to layout repairer? Chery Automobile slimming multiple times within six months, or plan to speed IPO.
January 2, Chery Automobile Co., Ltd. (Chery Automobile) announced that it has held a stake in Wuhu Kay Wings Automotive Co., Ltd., agreed to transfer to the state-owned enterprises under the Yibin Municipal Government.
According to Wuhu SASAC assessment, this Kay wing 51% equity transfer price of 2.494 billion yuan. Upon completion of the transfer, Yibin Automobile Industry Development Investment Co., Ltd. (Yibin Automobile Investment) holds a 50.5% equity interest in Kayyi Motor and a 0.5% stake held by Sichuan Yibin Pushi Group Co., Ltd. As the original single shareholder, Chery Automobile only holds a 49% stake in Kay wing car.
Business information shows that Sichuan Yibin Pushi Group Co., Ltd. was registered in August 1998 with a registered capital of 150 million yuan, the only shareholder is Yibin Wuliangye Group Co., Ltd..
Yibin Automotive Investment was registered in August 2017 with a registered capital of 100 million yuan, Yibin Municipal People's Government SASAC sole proprietorship.
Commercial information was available. Since December 2017, Wuhu Kaifa Automobile Co., Ltd. has been renamed to Yibin Kaiyi Motor Co. Ltd. The registered address has also been moved from the Administrative Committee of Jiangbei Industrial Concentration Zone in Anhui Province to the Yibin Lingang Economic and Technological Development Zone .
Some people think that Yibin took over Kay wing car, behind the Wuliangye deep desire for the automotive industry.
Wuliangye Group had previously been involved in the automotive field, as early as 2003, Wuliangye openly stated to enter the automotive industry. In 2006, Wuliangye took over the shares of Brilliance from Brilliance Group and formally entered into the field of engines belonging to the core components of automobiles. However, good prospects are not long. In 2011, Brilliance repurchased XINCEN at a high price and Wuliangye's Dream Car made a temporary comeback.
However, Wuliangye made repairer did not give up. In April 2017, the Yibin municipal government signed a strategic cooperation agreement with Chery and China Guodian, and both sides worked together to build a new energy automobile industry chain. Li Shuguang, chairman of Wuliangye Group, appeared at the scene of the signing ceremony.
It is noteworthy that, Pushi Group's dozens of foreign investment companies, many of which are engaged in automobile molds, parts, machine tools and other automotive products related to the production and operation of some enterprises quite large.
In the recent six months, Wuliangye and Yibin have twice been local acquisitions, making their own cars, the subject of scandal are Chery Automobile.
Earlier, the Yibin municipal government had with Chery Automobile, the concept of foreign shareholders, the concept car to the Quartet, the agreement agreed to put into operation in Yibin, Yibin traditional energy and new energy vehicles, but ultimately the concept car was cut.
Chery Automobile moves constantly in the capital market.
In October of this year, Chery Brazil Automobile Import, Manufacture and Sales Co., Ltd. collectively sold 50% of the shares. The buyer is Brazil CAOA Group. In November of this year, Chery Automobile announced at its overseas strategy conference that it will establish a 50:50 joint venture with CAOA Group in Brazil.
Behind repeatedly stripped of assets, or Chery Automobile IPO IPO financing for the deep desire.
In 2007, Chery Automobile realized the shareholding system reform, in the subsequent years, has repeatedly deliberately impact the IPO.
Another analyst on the surging news reporter said that in the four car (new energy, intelligence, networking, sharing) has become a new focus of the development of the car prices, which car prices set a very high demand.
At the same time, Chery existing assets difficult to pass on the IPO, so by stripping the existing assets, optimize the book assets, and focus on optimizing the core brand, improve product competitiveness, with Chery and Jaguar Land Rover joint venture to achieve profitability, Chery IPO Road Or will restart again.
Kay wing car was established in March 2014, born from Chery "Jiangbei project" by the founder known as Chery founder "Jiangyin" one of Lu Jianhui led the former Chery Cowin project team of more than 200 people, located in Jiangbei Industrial Park in Wuhu vote build.
Although Kay wing initially positioned "to create young people like the Internet car", the main "crowdsourcing" concept, allowing consumers to participate in the design, the use of Chery factory for manufacturing, but based on Chery production line Kay wing car whether it is Modeling, price or positioning are difficult to open the gap with Chery.
According to the association sales data show that in recent years, Kay wing car only in 2015 to complete the sales target for the year, sales of 24,000. In 2016, sales volume of 43,000 units was achieved but failed to meet the sales target of 62,000 units.
Long-term concern of Chery Automobile PricewaterhouseCoopers Partners Partners Peng Bo on the surging news reporter said that Chery Automobile is now difficult to support the two brands, adding new investors for Kay Wah car will be an excellent opportunity.
Peng Bo added that although the capital into the Kai wing can bring hope and vitality; but also face a full range of challenges, including product design, supply chain capabilities, quality management, brand promotion, channel capabilities, dealer confidence, etc. Challenges.
