Touch the main industry in the traditional "ceiling", the Qianjiang Motorcycle [7.01-2.37%] intends to compete in lithium battery industry. Corporation today announced it will spend no more than 80 million yuan with the U.S. company to develop lithium batteries K2.

    According to the disclosure, a wholly-owned subsidiary of Zhejiang Qianjiang Motorcycle benefits of commissioned the development of electrical products will be used to receive product manufacturing process technology and training services, research and innovation capacity lithium battery, etc., with the U.S. manufacturer K2 to develop lithium iron phosphate (LFP) battery . Interest in the company in the United States with technical support from K2, the implementation of the project development and fabrication of lithium iron phosphate, including the 18650 and 26650 cylindrical power battery (POWERCELL) and battery (EVCELL), capacity planning target of 100 million watt-hours of annual Lithium iron phosphate batteries, will be the overall planning, step by step into the principles of implementation.

    According to reports, the United States is the world's leading new K2 lithium battery business, dedicated to the development, design and manufacturing for the automotive, power tools and other industrial products based on lithium iron phosphate (LFP) technology, high-power, high energy batteries and battery system, the production of power and power battery lithium iron phosphate in the market of similar products, the highest energy density, it has developed and manufacturing processes and products related to more than 20 key innovation, advanced technology, product performance. Its to the core of the company, Dr. JohnnieStoker management team has extensive battery development, design, commercial lithium-ion battery products and the production of LFP battery pack, battery industry experience.

    K2 will guide and assist the United States interests in the company to complete the plant design, process development, personnel training, equipment procurement and installation, raw material procurement, product certification, production manufacturing, research and innovation, product quality management and so the whole process.

    Current interest in the company size is not expected to invest over 80 million yuan. One, commissioned by the United States develop and manufacture lithium products K2 commissioned the development cost of 250 million U.S. dollars, technical support and continuous upgrading of skills and services to 150 million, other funds for plant construction, purchase of equipment and so on.

    Because of the limitations of a mature industry, Qianjiang Motorcycle stable but the main industry, although increasingly thin profit margins. In recent years, broke into the venture capital area of ​​Qianjiang Motorcycle trying to create a new profit point, but stalled the expansion of new industries. Last April, the major shareholder of Qianjiang Motorcycle planned sale of its holding company had 30% or more of the shares, after the higher authorities rejected.

    In fact, this is not the first time, Qianjiang Motorcycle "Touch of lithium." This year in April, a wholly-owned subsidiary of Qianjiang Motorcycle Joint Venture to 13.11 million yuan Ou Jiangxi acquired 24.86% equity investment and new energy. Synchronize with a large stake in Shenzhen was also glory venture capital, Hangzhou, Jilin, and three individuals into venture capital. Statistics show that new energy in the cast was founded in July 2008, the main lithium-ion rechargeable battery, the current is still in business and the development period of the transition phase. It should be noted that the stake after the transaction, shareholders of Ca Mau II Joint Venture occupying seats, and the largest shareholder's ownership percentage is only a difference of 1.73 percentage points, significantly higher than PE / VC in the general project stake.

    In this context, Qianjiang Motorcycle K2 this with the United States to develop lithium batteries, whether or not to vote in the new energy with the formation of industrial convergence, it is the imagination.