Great Wall Motor may "carry a bag" to check in in Xingtai with 920 million yuan, and acquire long March Automobile with full capital.

It was reported in May that Great Wall Motor was reorganizing Hebei Xingtai long March Automobile to fully develop its commercial vehicle business. Recently, the news has added to the fact that the 100% state-owned equity transfer project of Hebei Changzheng Automobile Manufacturing Co., Ltd. has been announced on the official website of Hebei property rights market, with a listing price of 920 million yuan.

Although Great Wall has "no comment" on whether it will delist long March cars, the equity transfer project is seen by industry insiders as "tailor-made" for Great Wall, according to the Financial Associated Press. From the production qualification of commercial vehicles to the application of technology and then to production capacity, long March cars are attractive enough for Great Wall Motor. At the same time, the two car companies are in Hebei Province, (the Great Wall) has the advantage of getting the moon first. "

"if the Great Wall wins the long March car at the listed price, it will be a good deal for it." Some industry analysts believe that in addition to a good financial position, long March Motor also has a mature R & D, production and supporting system, as well as a key enterprise supported by the local government. "the Great Wall can basically be 'checked in with bags'."

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There is a prelude to the reorganization of the Great Wall and the long March.

On May 10 this year, Great Wall holding Group Co., Ltd. signed a commercial vehicle project cooperation agreement with Xindu District Government of Xingtai City to carry out R & D and production of new energy commercial heavy trucks and explore new models for the development of commercial vehicles.

Wei Jianjun, chairman of Great Wall Automobile, said that Great Wall holding Group will make every effort to promote the cooperation project with Xingtai commercial vehicle project into a comprehensive base project with new energy commercial vehicles as the core and key components as supporting projects. build a high-quality automobile industry cluster in Xingtai, gather new momentum for high-quality catch-up development in Xingtai, and contribute the "hydrogen energy plan" to national industrial development, energy security and global energy conservation and emission reduction.

On the same day, the Environmental Protection Bureau of Xingtai City formally approved the environmental assessment report of the long March automobile relocation and renovation project. Long March Automobile will be relocated to Longgang Economic Development Zone, Xindu District, Xingtai City.

In this regard, it is reported that Great Wall will reorganize long March cars. According to the commercial vehicle industry, an insider familiar with the Great Wall automobile restructuring project said: "the previous due diligence has been completed, some legal texts have been signed, and the inventory and delivery of assets are in an orderly process."

A senior commercial vehicle worker also said: "now it is only in the process of restructuring, it is a state-owned asset, and it is not certain whether the local SASAC can approve it in the end. If the reorganization is successful, Great Wall Motor will have truck production qualification."

Now that the long March car is officially listed for sale, it should not be far from the formal acquisition of the long March by the Great Wall.

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Great Wall plans to develop hydrogen heavy truck

Winning the long March and developing hydrogen energy heavy truck can be regarded as one of the practices of the Great Wall hydrogen energy strategy. The Great Wall has been building world-class research and development teams for hydrogen energy, fuel cell systems and vehicle technology since 2016.

On March 29th this year, Great Wall officially released the hydrogen energy strategy at the Harvard Technology Center in Baoding, proposing: this year, Great Wall will launch the world's first C-class hydrogen fuel cell SUV, and take the lead in completing the world's 49-ton hydrogen heavy truck application project; in 2022, the first high-end passenger car service team will appear on the stage of the Winter Olympic Games. The number of core power components will be the leading in China in 2023 and the top three in the global hydrogen market share in 2025.

Great Wall Motor will invest another 3 billion yuan in research and development of hydrogen energy to reach the capacity of 10,000 sets. Great Wall also released hydrogen lime technology, which covers hydrogen fuel cell systems, on-board hydrogen storage systems and core key components.

In May, Great Wall announced that its hydrogen energy test had been approved by CNAS National Laboratory, taking a solid step in the process of building a "system-storage-transportation-plus-application" integrated supply chain ecology.

In August, the demonstration line of easy road hydrogen energy heavy truck equipped with the 100 kilowatt high-power fuel cell system developed by Great Wall Unpotential Energy was put into operation in Baoding. This is China's first 100-car-level market-oriented operation of hydrogen heavy truck transport line, the scale of hydrogen energy heavy truck is 100 vehicles.

The commissioning of the demonstration line indicates that the Great Wall high-power fuel cell system has officially entered the hydrogen fuel cell market and is in the transition from technological research and development to industrialization and marketization.

The acquisition of long March Automobile will make Great Wall increase the application of hydrogen fuel cell system and develop the hydrogen energy heavy truck market.