At the new energy track, Yingke capital invested 900 million yuan in Wanxiang 123

On March 29, PCCW capital announced that it had invested 900 million yuan in Wanxiang 123 Co., Ltd. and attended the register of shareholders at the same time as the original shareholders such as ICBC Credit Suisse, CDB development fund and ICBC financial assets.

As an important battery business segment of Wanxiang Group, Wanxiang 123 is a leading new energy technology company in the world. It is also one of the few companies that have an international and all-round independent R & D system and have built a global influential innovation platform. Wanxiang 123 battery material covers 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 listed backup enterprises of new energy with scientific and innovative attributes 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 not only the head enterprise of high-end battery system, but also the leader of 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.

It is worth noting that Wanxiang 123 has become the favorite of various head institutions. According to the Wanxiang Qianchao Co.Ltd(000559) announcement of Wanxiang Group’s holding listed company, 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 Wanxiang 123 shareholders.

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