According to the official website of the Beijing Equity Exchange, Hunan CRRC Times Electric Vehicle Co., Ltd. holds a stake of 396 million yuan, holding 57.01% of the shares of FAW Bus (Wuxi), a capital increase project. The transaction was completed on August 3. This time, after the increase, CRRC Electric will become the controlling shareholder of FAW Xike.
In fact, the contact between CSR Electric and FAW Xike has already flowed out. As early as March 20, 2018, the Wuxi Municipal Development and Reform Commission publicized the 'CRRC era electric reorganization FAW Sike project' in the official website of Wuxi Municipal People's Government. The public disclosure project is located in Huishan District, which will transform the existing plant area to form a production capacity of 10,000 new energy vehicles. Construction tasks in 2018: Complete the reorganization of the new company and complete the technical transformation of some factories. The total planned investment is 800 million yuan, 2018 The annual plan is to invest 450 million yuan.
In June 2018, FAW Group held an enlarged meeting of the leadership team. At the meeting, the central government announced the decision of the general manager of FAW Group: Mr. Guo Guohua, director, general manager and deputy secretary of the party committee. Qi Guohua once served as China National Vehicle Co., Ltd. President, Vice Chairman of China National Automobile Corporation, Deputy Secretary of the Party Committee, etc.
On March 3, 2018, at the electric vehicle industry briefing held in Changsha, Liu Ling, general manager of CRRC Electric, revealed the information of the Wuxi project when he announced the 2018 strategic plan. He said that the car in 2018 Electric will focus on 5 major events, one of which is to strengthen resource integration and build a new format for the new energy vehicle industry. In 2018-2019, CRRC Electric will continue to build a vehicle-based pillar industry based on commercial vehicles and Electric's core supporting industry, forming Shijiazhuang, Wuxi, Chongqing, Changde, Zhuzhou, Guangzhou 6 bus and special vehicle base, reaching 30,000 bus manufacturing capacity and 100,000 special vehicle manufacturing capacity.