Xiaokang shares is expected to complete the construction of new energy projects in the second half of 2018

On May 11, Xiaokang shares revealed its investment in the new energy vehicle business and development plan when accepting investor research.

Xiaokang shares that in the country, the company set up Chongqing Jinkang New Energy Automobile Co., Ltd. (referred to as “Jinang New Energy”) and obtained the qualification of pure electric passenger car production. At present, Jinkang New Energy is building a digital factory, and it is expected to complete the construction in the second half of 2018. At present, the company has issued 1.5 billion Yuan of funds raised from convertible corporate bonds, and is gradually investing in Jinkang New Energy as planned. In the United States, SFMotors, Inc. Acquired the American automobile company AM General LLC civil vehicle factory, further improved the layout of the company's leading brand of intelligent electric vehicles in the manufacturing process; acquired the American battery system company InEVit, Inc. It also further strengthens the company's technical strength and talent team in the field of intelligent electric vehicle battery systems.

In terms of research and development results, in March 2017, Xiaokang held a press conference in the global innovation highland Silicon Valley, USA, and released the company's achievements in electric drive technology, three-electric system integration and intelligent driving system for the first time, and released SF5 and SF7 two major models platform.

1. The company has developed a high power density, high energy density AC asynchronous motor. The maximum speed of the motor is ≥16000 rpm. At present, the leading level of the AC asynchronous motor industry is ≤15000 rpm, and the leading level of the permanent magnet synchronous motor industry in China is currently ≤12000 rpm. The company's motor products have a power density of 5.5Kw/Kg, while the current industry leading level is ≤3.0-4.0Kw/Kg.

2. The company has developed integrated products of motor, high-speed gearbox and motor controller, which has the advantages of small size and light weight. The company has developed a unique water-cooled oil-cooled dual-circuit cooling system, which is in the process of patent application; In addition, the motor controller adopts IGBT packaging technology, which has the advantages of high reliability, high power and low cost.

3. The dual motor design system developed by the company does not require a mechanical differential; the motor controller performs source code programming to realize instantaneous control of torque and provide four-wheel drive torque output, which brings efficient power and better safety for safe driving performance control.

4. The company is currently engaged in the purchase and sale of batteries with international battery companies, and purchases a high-energy density 21700 cylindrical battery with a single core of 4.8-5.0Wh. The company has developed a unique end-cooling battery system PACK technology. In the process of applying for patents, the energy density of the battery system is ≥160Wh/kg, while the current industry level is ≤150Wh/Kg.

5. The company's research and development of "protective autonomous driving" technology application and system integration and independent research and development of the gateway system, in the provision of safe and stable data protection, to achieve air software (OTA) updates.

In terms of R&D investment, the company's smart electric vehicle R&D layout is “four places in the two countries”, creating two major vehicle R&D centers in North America and Asia Pacific, Silicon Valley Sandian Intelligent R&D Center and Beijing Sandian Intelligent R&D Base. In 2017, the company's research and development expenditure was 812 million Yuan, accounting for 4.16% of operating income, which was a larger increase than 2016. It mainly consists of two parts. One is the research and development expenditure for the new SUV model of 420 million Yuan, an increase of 175 million Yuan compared with 2016; the second is the company's research and development expenditure on smart electric vehicles is 297 million Yuan, an increase of 153 million Yuan compared with 2016.

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