On the morning of July 28th, a grand ceremony for the concentrated groundbreaking of real economy projects in Jinwan District, Zhuhai City was held. The Zhuhai Yinlong New Energy Industrial Park and the national headquarters project, with a total investment of over 19.5 billion yuan by Yinlong New Energy, have attracted much attention.

It is reported that the project plans to add a total investment of approximately 19.5 billion yuan. It will realize about 2,400 to 5,000 mu of land in the New Energy Zone of Jinwan District to build and establish the Zhuhai Yinlong New Energy Industrial Park and the national headquarters, aiming to create the most modern industrial base for batteries, electric vehicles, energy storage systems, motors, and electronic control systems in China and even the world. A new energy vehicle and battery industrial base capable of producing 3 billion Ah of lithium titanate batteries, 60,000 sets of hydrogen fuel cells, 10,000 pure electric buses, 500,000 pure electric passenger cars, 1,000 MWH energy storage systems, 60,000 sets of motor and electronic control integrated systems, and 60,000 sets of charging equipment annually.

Zhuhai Yinlong New Energy is currently the only new energy vehicle manufacturing enterprise in China that possesses advanced lithium titanate battery technology. In May this year, it established the Yinlong New Energy (Nanjing) Industrial Park in Lishui Economic Development Zone, Nanjing, with a planned investment of 10 billion yuan. After completion, the Nanjing base will be capable of producing 30,000 pure electric commercial vehicles, 2.5 billion ampere-hours of batteries and 400,000 start-stop power supplies annually.

On July 26th, according to the website of the Nanjing Municipal State-owned Assets Supervision and Administration Commission, the signing ceremony of the framework agreement for the acquisition of Nanjing Bus Manufacturing Factory Co., Ltd. by Zhuhai Yinlong New Energy Co., Ltd. was held at Nanjing Xingong Group recently.

Public information shows that Nanjing Bus Manufacturing Factory was established in 1991, with a registered capital of 50 million yuan and covering an area of over 150 mu. It is a key national enterprise specializing in vehicle modification and bus production, and has currently reached an annual production and sales capacity of over 3,000 vehicles. The two major shareholders, Nanjing Jujing Auto Parts Co., Ltd. and Nanjing Dongyu Automobile Group Co., LTD., hold 80% and 20% of the shares of Nanjing Bus Manufacturing Factory respectively.

Detailed information regarding the acquisition of Nanjing Bus Manufacturing Factory has not yet been disclosed to the public by the relevant authorities. Industry insiders disclosed that the acquisition of Nanjing Bus Manufacturing Factory by Yinlong New Energy will help improve the industrial chain. The second largest shareholder of Nanjing Bus Manufacturing Factory, Dongyu Automobile Group, currently wholly owns Nanjing Special Vehicle Manufacturing and Parts Factory Co., LTD. The latter was restored by the Ministry of Industry and Information Technology to apply for the qualification of recommended models for the promotion and application of new energy vehicles at the end of last month.