Wanxiang Group Chairman Lu Guanqiu attended the Wanxiang Qianchao shareholders meeting on the 22nd and was surrounded by investors.
On the second day of Tesla’s CEO’s visit to China, Fisco’s new owner, Wanxiang Group’s chairman Lu Guanqiu, was surrounded by a team at his door. Fisker was Tesla’s biggest competitor. On the afternoon of the 22nd, Wan Xiangchao, a company listed by Wanxiang Group, held a general meeting in Xiaoshan, Zhejiang Province. Hundreds of investors and institutional analysts rushed to Ningwei Town on the outskirts of Xiaoshan to follow the follow-up integration between Wanxiang and Fisker.
After the successful acquisition of Fisker, Lu Guanqi made his first public appearance. He said that Wanxiang will increase investment in Fisco and “give it oxygen and give it a blood transfusion.†In the future, it will also supply Fisker with spare parts.
"Must supply parts to Fischer"
In the early hours of February 15, Beijing time, Wanxiang Group defeated “Little Superman†Li Zeyu and became the purchaser of American Electric Car giant Fisco. The news was sent back to China, and Wan Xiang Qian Xiangchao, a listed company of Wanxiang, closed the daily limit for several consecutive trading days.
Founded in 2007, the American Fisker Company was Tesla, the US electric vehicle leader, the biggest competitor in the field of new energy vehicles. In November 2013, Fisker filed for bankruptcy protection due to poor management.
“Building new energy vehicles is my life's business.†At the shareholders’ meeting on the 22nd, Lu Guanqiu stated that the original electric vehicle company owned by Wanxiang Group was technically inferior to Fisker’s acquisition. Fisker is to realize the dream of making electric cars, so that this speed is a little faster.
Lu Guanqiu said that for Fisco, the key now is to increase investment. "It went bankrupt because there was no money to invest. Then we have the money. We will invest in them." Lu Guanqiu said: "Like oxygen, we donated oxygen to it, but we gave it blood after ischemia. But specific There is no standard for the amount of money invested. There is really no standard."
After the acquisition of Fisker, Wanxiang Group will have what kind of integration plan? Lu Guanqiu said that the primary issue now is to resolve the previous Fisker stocks. The next step is to resume production. He said: "We are planning to bring their cars to China to sell, but there is no timetable for when China will be produced."
As the largest auto parts manufacturer in China, Wanxiang Group will supply Fisker with parts and components in the future. At the shareholders meeting, several investors asked about this issue.
"We must give it!" Lu Guanqiu said: "Not for unrealistic, we have to provide for other people's cars, we will not give our own car, they are already studying."
Some investors asked: "Will we supply parts to Tesla?" Lu Guanqiu asked: "Why don't we have business?"
Buying Fisker is not a universal money tide
The acquisition of Fisker is a Wanxiang Group. It is not a wave of money from listed companies. However, the capital market still has imaginations for the concept of a new energy vehicle for the universal cash flow. The newspaper previously reported that within a few days after the success of the acquisition of Wanxiang Qianchao, hundreds of millions of dollars of funds poured into the universal money wave and the “China Tesla†concept stock was buzzed with.
At the shareholders’ meeting on the 22nd, Wanxiang Qian Chao and director Xu Xiaojian once again stated that Fisker is a company invested by Wanxiang Group in overseas subsidiaries, and the electric vehicle company under the Wanxiang Group is not a listed company’s universal cashflow. There are no specific arrangements for how assets will be integrated in the future.
"We once promised to inject universal electric vehicles into listed companies when appropriate. We did not inject Fisco into listed companies. I did not say such things to the community." Lu Guanqiu said.
dialogue
Wanxiang Group Chairman Lu Guanqiu: Electric Vehicle Company is burning money every day
On the 22nd, at the Wanxiang Qianchao shareholders' meeting, Wanguan Group Chairman Lu Guanqiu denied that Feisco was injected into listed companies, but said that “electric vehicles will be injected into listed companies at the right timeâ€. When will electric vehicles be injected into listed companies? Lu Guanqiu said that there is no timetable because there is no benefit.
When will Wanxiang's electric car companies inject into listed companies?
Lu Guanqiu: Wan Xiang has been engaged in new energy vehicles since 1999. The risk of this industry is relatively large. When the society is acceptable, there is still a lot of work to be done.
Now Tesla’s wind blows a lot. From the United States, scraping it to China and scraping it into the world is good. It at least increases everyone’s confidence in new energy vehicles. It also allows government departments to pay more attention and let companies see hope. Customers also want to buy a clean energy vehicle earlier.
Wanxiang Qianchao is the first listed company of Wanxiang Group and has been listed for more than 20 years. I regard Wanxiang as just as important as life. I have never lost money in 20 years. Why not lose money every year because Wanxiang Group puts in good companies.
But now electric car companies are burning money every day, A123 and Fisco are also spending money, foreigners use money, the style is not like our peasants.
When an electric car company goes to a listed company, I am not sure. There is really no timetable because it does not benefit. The stock price may go up immediately after it is put in. However, if there is no benefit, the stock price will still have to come down or it will fail.
Everyone said that it was good to go up. Everyone was jealous of me and I was really scared of others.
Before there was rumors that BAIC was going to buy universal money, is that true?
Lu Guanqiu: This is a misrepresentation. Before we acquired Fisker, Beiqi and other companies also visited and nothing more.
Before there was rumors that you wanted to throw away Lulu's assets. In the future, developing new energy vehicles will require money. Will Lulu be considered for release?
Lu Guanqiu: Looking at the changes in the market and seeing how we can afford it, I can't afford to sell anything, and I can take anything to bear.
Wanxiang and Alibaba cooperated in setting up a private bank. Is there any new progress in this matter?
Lu Guanqiu: This incident was (Ali) announced by them. It depends on the announcement.
Do you have a timetable for retirement?
Lu Guanqiu: There is no timetable for retirement. The key is to look at the physical condition.
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