On March 29, the dual carbon strategic layout of PCCW capital reappeared a huge amount of money and invested 900 million in Wanxiang 123 Co., Ltd. PCCW capital and the original shareholders such as ICBC Credit Suisse, CDB development fund and ICBC financial assets attended the register of shareholders at the same time. As an important battery business segment of Wanxiang Group, Wanxiang 123 is the world’s leading new energy technology company and one of the few companies with an international and all-round independent R & D system. It has built a global influential innovation platform. The battery materials cover lithium iron phosphate, ternary and solid-state technology routes. Its products are widely used and have broad business prospects. It is one of the most scientific and innovative listed backup enterprises of new energy in China. With the completion of the project investment, PCCW capital’s dual carbon strategic layout has made another significant contribution to the implementation of the investment strategy of “blocking the new energy track and locking in the industry’s leading assets”.
Qian Mingfei, chairman of PCCW capital, said that Wanxiang 123 is positioned as a clean energy provider. It is the head enterprise of high-end battery system and a well deserved leader in the industry. On the one hand, the company adheres to the whole product system, independent research and development, has accumulated rich research results, and has built a moat led by global technology; On the other hand, relying on Wanxiang Group’s deep cultivation of the automobile industry for more than 40 years, the company has inherited the high-quality gene of the automobile industry, deeply understands the core of upstream and downstream demand, and has tacit cooperation with users; At the same time, the construction of Wanxiang strategy adheres to the long-term layout idea and builds the whole industry ecological chain platform, which provides a starting point for industrial coordination. “Such high-quality enterprises that have both the vertical advantages of leading technology and the horizontal overall planning of the industrial ecological chain are the core assets that can not be missed in the layout of the new energy industry track of PCCW capital, and the possibility of further overweight will not be ruled out in the future.” Qian Mingfei told reporters.
Wanxiang 123 is an innovator of global clean energy technology and a leader in medium and high-end battery systems. It focuses on providing battery systems, control systems, energy storage systems, distributed smart energy and energy network construction. Its product application scenarios cover passenger cars, racing cars and energy storage fields. Its main products include 12V / 48V low-voltage batteries, new energy vehicle power batteries, F1 racing special batteries and energy storage battery systems; Low voltage batteries are in an absolute leading position in the world, accounting for 50% of the market. Energy storage products are widely used in high-end customers in China, Europe and the United States, and new energy vehicle power batteries are used in international mainstream vehicle enterprises. With strong R & D strength and advanced quality management, the company’s products have been recognized by customers at home and abroad for a long time, and have now locked in orders from Volkswagen, BMW, Audi, Renault, general motors, Porsche, Daimler Benz, Volvo, Jaguar Land Rover and strandis, as well as orders from enphase, Sonnen and vertiv international well-known industrial and household energy storage enterprises.
Adhering to the long-term principle, with the mission of “making the air cleaner” and the vision of building a world-class clean energy Internet technology company, Wanxiang 123 has formed a deep and high-quality global R & D system, excellent product force, complete industrial chain layout and world-class customer group after more than 20 years of continuous investment and technology accumulation. Adhering to global operation, the company has R & D centers, manufacturing bases and sales outlets in China, the United States, Germany, the Czech Republic and other places to provide global services for high-end users in China, Europe and the Americas. The company has the world’s leading lithium iron phosphate and ternary Technology (the third generation super nano lithium iron phosphate and the 7-series ternary battery technology recognized by the public system), and has the lowest core material patent technology. The global independent R & D platform supports the company to carry out original R & D from 0-1. In addition, the company is one of the first batch of enterprises to participate in ecological investment in the industrial chain. It has successively arranged high-quality enterprises such as Guangzhou Tinci Materials Technology Co.Ltd(002709) , Zhejiang Pawa, Hubei Wanrun, Hunan Changyuan Lico Co.Ltd(688779) , Jiujiang Defu, covering key links such as positive pole, negative pole, electrolyte and equipment. It has established a high degree of mutual trust, coordination and win-win relationship with upstream and downstream partners of the industrial chain to jointly drive industrial development and lead industrial progress.
It is worth noting that Wanxiang 123 has become the favorite of various head institutions. According to the announcement of Wanxiang Qianchao Co.Ltd(000559) ( Wanxiang Qianchao Co.Ltd(000559) . SZ), a listed company controlled by Wanxiang Group, ICBC Credit Suisse Investment Management Co., Ltd., CDB development fund Co., Ltd., ICBC Financial Asset Investment Co., Ltd. and several funds under PCCW capital are among the 123rd shareholders of Wanxiang Wanxiang Qianchao Co.Ltd(000559) said that the purpose of participating in the investment in Wanxiang 123 is to lay out the core of energy technology and the core component of new energy vehicles – battery enterprises, try to speed up the company’s strategic transformation, actively promote the company’s strategy of investing in clean energy technology companies, and seize the broad development space of clean energy industry for coordinated development.
Qian Mingfei pointed out that the proposal of the goal of “carbon peak and carbon neutralization” has built a double trillion level incremental market for clean energy. The energization of power batteries and energy storage batteries is an industry consensus, laying a broad track with long slopes and thick snow for the field of power batteries and energy storage batteries. At present, the market is still in the initial stage of competition and enclosure, and the industry pattern is uncertain, It provides a broad stage for potential enterprises with strong comprehensive strength. Wanxiang 123 has a first mover competitive advantage in terms of technology leadership, global customer system, completeness of industrial chain layout, sustainability of development space and so on, which can be expected in the future. PCCW capital will open the existing industrial circle resources to Wanxiang 123, provide all-round enabling support, adhere to the national strategy and fulfill the mission of important strategic investors of industrial leading enterprises.
As the strategic investor of Wanxiang 123 in this round of financing, PCCW capital ranks among the top five in the venture capital industry, with assets under management of more than 50 billion, and more than 90% of the funds come from large institutions. As one of the largest research-based investment institutions in China, PCCW capital focuses on core tracks such as biomedicine, dual carbon strategy and hard core technology. It is keen and forward-looking. At present, it has established a professional team of nearly 100 people to carry out cutting-edge research and investment layout in the industry, and has invested in nearly 300 biomedical and hard core technology enterprises. (CIS)
