Behind the Great Wall set by introducing new energy predicament or fuel pressure
Recently, Great Wall Motor (601 633 SH) announced that due to issues of planning offering of A shares non-public, to avoid abnormal fluctuations in stock price from June 19 A shares, the H shares formal suspension.
In this regard, a source close to the Great Wall Motor source said: "The Great Wall Motor suspension must be related to its share price falls, while non-public offering of shares to raise funds is likely to be used for the new energy business. "
National Securities analyst Cao Crane also believes that "Great Wall Motors the non-public offering of shares, should be or SUV business to force." New Energy Technology and SUV product graft or important product trends. Lifan, BYD and other automakers are by way of private placement, overweight new energy industry is likely to become a role model Great Wall Motor.
Despite the years of the Great Wall automobile they began to learn a number of new energy vehicles at the fair, however, to date there is no mass production of a car. Earlier, Great Wall Motor chairman Wei Jianjun said in an interview with reporters when he said, "when appearing models, we have to look at the development of new energy markets."
At present, the new energy market in China has begun to trend upward, Great Wall Motor began to force new energy business, financing is a matter to be considered first.
New energy vehicles appeared window period
Great Wall Motors has not announced the goal of the release of non-public offering, details the size of funds, use of funds, etc., a source close to the Great Wall Motor to the "Daily Economic News" reporters "The suspension of the Great Wall Automobile or before suspension in connection with falling stock prices."
It is understood, announced on June 19 that week suspension Great Wall Motor Company A, H shares fell continuously. "The Great Wall car's suspension, it may be desirable after the opening bell through the stimulation of good news for the population, but the good news or the new energy-related business." The analysis of the sources.
Cao Crane believes that "Before, Great Wall Motor has said repeatedly in recent years, did not put the car in the field, so that the private placement should not involve significant business transformation, is probably still to force the SUV segment. "
In April this year the Shanghai Auto Show, Great Wall Motor President Wang Fengying told the "Daily Economic News" reporter, said: "The future SUV Great Wall Motor to focus on areas we want to do as long as consumers want SUV products, the Great Wall of everything. "But the absence of new power SUV, the Great Wall is still a reality.
In fact, the Great Wall cars in the new energy field is the design for many years. In 2006, Great Wall Motor will launch a new Academy of Engineering of the energy, in the 2008 Beijing Auto Show, pure electric vehicles EV elves had appeared. Pure electric prototype Great Wall Euler official website of Great Wall Motor are also on display, as well, spread on the plug-in Great Wall V80 to complete the development of the message, but there has been no Great Wall Motor will these new energy vehicles in volume production.
Pending market opportunities, fuel consumption and more severe pressure. Ministry of Industry and Information Technology launched the fourth phase of the "limits of fuel consumption of passenger cars" standard will come into force January 1, 2016 implementation. Auto companies hundred kilometers average fuel consumption limits will be standard on the 2015 6.9L, 5.0L reached in 2020. This strict standard for SUV models in the main, and are exerting force in the high-end market, Great Wall Motor, is clearly a challenge.
In this regard, Great Wall Motor has been waiting in the wings. According to Yonhap News, in May this year, LG Chemical and Great Wall Motor signed a contract to supply batteries. Under the contract, since 2017 LG Chemical will be mass-produced plug-in hybrid car models Great Wall (PHEV) offer battery.
