· Jingwei shares and Jiangsu Kawei equity cooperation signed a successful contract in Danyang

This morning, the signing ceremony for the equity strategic cooperation between Beijing Weikawei Auto Parts Co., Ltd. (abbreviation: Jingwei) and Jiangsu Kawei Automobile Industry Group Co., Ltd. (referred to as Jiangsu Kawei) was held at the Danyang Convention and Exhibition Center. This cooperation has promoted the transformation and upgrading of Jiangsu Kawei in terms of product quality, standard management, marketing, production methods, etc., and also promoted the strategy of “making China's first-class new energy auto products and creating national independent brands” faster. aims. The main leaders of Danyang City and the senior leaders of the signing companies attended the signing ceremony.
It is understood that Jiangsu Kawei was established in 2002 with a registered capital of 274 million yuan, covering an area of ​​more than 1,000 acres, and sales of 1.5 billion yuan in 2015. It is an integrated industrial chain integrating light vehicles, buses, special-purpose vehicles and automobile body parts. The automobile industry super-platform featuring automobile finance, automobile and component export is the largest auto vehicle and body parts manufacturing group in the region. It is the only independent brand vehicle enterprise in Jiangsu Province. It successfully cooperates with Hummer China to the Chinese market. Imported Hummer electric vehicles, while Kawei has obtained the production, modification and sales rights of German Mercedes-Benz in China.
Jingwei Co., Ltd. is a Sino-German joint venture auto parts supplier, a leading domestic and high-end passenger car exterior parts company, and a listed company. In 2015, it sold 5 billion yuan and is a model enterprise of National Industry 4.0. In recent years, Jingwei Co., Ltd. has acquired 100% equity of Ningbo Fulda, 100% equity of Jilin Huayi and 48% equity of Wuxi Xingyi. It has continuously invested in a number of new energy auto companies such as Shenzhen Wuzhoulong and its controlling shareholder Central Investment. Acquired a 75% stake in Stuttgart Electric Vehicle Co., Ltd., and selected 750 acres of new energy vehicle plant in the surrounding area, targeting high-end commercial electric passenger cars, forming a complete layout of new energy vehicle products and bases, Jiangsu Kawei is the last partner to be selected.
At the signing ceremony, Meng Minghua, chairman of Jiangsu Kawei, said that the signing of the contract will help Jiangsu Kawei to form a complete industrial chain in the R&D, stamping, welding, painting and final assembly of the whole vehicle. After the project cooperation, it is expected to form. The production scale of 100,000 units is mainly for the E-class vehicles of high-end commercial electric passenger cars, which are truly realized by German design, German brand and Kawei. Li Weiyu, chairman of Jingwei Co., Ltd., also stated that Jingwei and Jiangsu Kawei have common cooperation intentions, cooperation goals and cooperation needs. According to the agreement, Jingwei shares purchased 35% of Jiangsu Kawei with its own funds of RMB 1.05 billion. It is hoped that this cooperation will accelerate the expansion and share of the new energy vehicle market, and will promote the cooperation between the two sides to create a better future.
Chen Keke, secretary of the Danyang Municipal Party Committee, introduced the status quo of Danyang auto parts and other traditional industries to Li Weiyu, chairman of Jingwei Co., Ltd. He said that Danyang has abundant supporting resources for auto parts, and Danyang Municipal Party Committee and Municipal Government will rely on this equity strategic cooperation. On the one hand, it provides a full range of services and support for project cooperation, so that the project can form the expected production capacity as soon as possible; on the other hand, with Jiangsu Kawei as the core, it plans to build a new energy automobile industrial park covering an area of ​​2,500 acres, in the new energy automobile industry. We will achieve breakthroughs and drive the upgrading and transformation of Danyang's auto parts industry. Through scientific and technological research and development, independent innovation, and strong alliance, we will continue to go out and invite us to make Danyang Auto Parts a pillar industry bigger and stronger. Chen Keke also hopes that Jingwei will deepen its understanding of Danyang City and seek cooperation at a higher level.

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