At a time when the new energy vehicle industry is surging and the competition is becoming increasingly fierce, Seres Group Co., Ltd. (hereinafter referred to as "Seres") has taken a decisive step with its forward-looking strategic vision and strong financial strength. Recently, the company officially announced that it intends to spend up to 8.164 billion yuan to fully acquire 100% of the shares of Longsheng New Energy Technology Co., Ltd. through private placement of shares. This move not only marks the successful integration of this intelligent electric vehicle production base, which is known as the industry's "super factory", but also a major milestone in its in-depth layout and accelerated development in the field of new energy vehicles.
1. Longsheng New Energy: A new highland for the intelligent networked new energy vehicle industry in Liangjiang New Area
Longsheng New Energy, located in the core area of Longxing New Town Intelligent Connected New Energy Automobile Industrial Park in Liangjiang New Area, is not only an important engine for industrial development in the region, but also a bright pearl in the field of new energy vehicle manufacturing. Its core assets include vast production land, modern factory facilities, and a series of advanced infrastructure and supporting systems, jointly building a highly integrated, intelligent, and automated electric vehicle production kingdom. Here, 100% automation coverage has been achieved in key production links, and the production efficiency is higher than the industry average, with a new car rolling off the assembly line every 30 seconds on average, demonstrating its absolute advantage in production efficiency.
Figure: Seres Super Factory is fully controlled, and 8.164 billion yuan is acquired by Longsheng New Energy
2. Vertical integration, in-depth empowerment: Seres lays out a new chapter of new energy vehicles
The acquisition of Longsheng New Energy is not only a simple expansion of production capacity, but also a deep integration and optimal allocation of upstream and downstream resources in the industrial chain. With full control of this "super factory", Celis will be able to achieve refined management of the production process and flexibly adjust the production plan to adapt to the rapidly changing market demand. At the same time, in terms of product quality control, cost control, technological innovation, etc., Seres will have unprecedented autonomy and dominance, providing strong support for its continuous cultivation in the field of new energy vehicles.
3. Increased capital in subsidiaries and strengthened capital strength: Seres Automobile entered the fast lane of development
In order to further consolidate and enhance its market competitiveness, Seres also announced that it will increase its capital by RMB 5 billion to its wholly-owned subsidiary, Seres Automobile Co., Ltd. (hereinafter referred to as "Seres Automobile"). This move not only significantly enhances the capital strength of Seres Automobile, but also provides a more abundant financial guarantee for the company's subsequent development. As the core business segment of Seres Group, Seres Automobile has shown a strong momentum of development in the first half of the year, achieving revenue of 61.737 billion yuan and net profit of 1.781 billion yuan, fully verifying the effectiveness of its market strategy and the robustness of profitability.
4. Seize the global opportunity and lead China's new energy vehicles to go overseas
In the context of the vigorous development of the global new energy vehicle market, China, as the world's largest new energy vehicle production and consumption market, is promoting industrial transformation at an unprecedented speed. In 2023, China's new energy vehicle exports will achieve a historic breakthrough, reaching 1.735 million units, a year-on-year increase of 55%, of which pure electric vehicle exports account for 92%, demonstrating the strong competitiveness and wide recognition of China's new energy vehicles in the international market.
Keeping up with the pulse of the times, Seres actively responds to the national "going out" strategy, and further consolidates its leading position in the domestic new energy vehicle market through this acquisition and capital increase, and lays a solid foundation for its expansion in the global market. In the future, with the continuous iteration of technology and the continuous maturity of the market, Seres is expected to lead China's new energy vehicle brands to the world and contribute China's wisdom and strength to the development of the global new energy vehicle industry by virtue of its comprehensive advantages in intelligent manufacturing, technological innovation and brand building.
5. Epilogue
To sum up, through the acquisition of Longsheng New Energy and the increase of its wholly-owned subsidiary, Seres Automobile, not only realized the in-depth integration and optimization of new energy vehicle production resources, but also won the opportunity in the competition in the global new energy vehicle market. Looking forward to the future, Seres will continue to uphold the concept of innovation-driven development, continuously improve product competitiveness and brand influence, move towards a new peak of the new energy vehicle industry at a more steady pace, and contribute to the realization of the global green travel dream.
