Lu Guanqiu once built the largest electric vehicle and lithium battery production base in China

On October 25, Lu Guanqiu, chairman of the Board of Directors of Zhejiang Wanxiang Group, died in the morning of the same year, at the age of 74. Lu Guanqiu is a "godfather" character in the Zheshang group and is regarded as an "evergreen tree" among private entrepreneurs. Founded in 1969, Wanxiang Group is a modern multinational conglomerate with annual revenues of over RMB 100 billion and profits of over RMB 10 billion.

In 1945, Lu Guanqiu was born in a village by the Qiantang River. At that time, his father worked in a pharmaceutical factory in Shanghai. He and his mother lived in the countryside and had a hard time.

At the age of 15, Lu Guanqiu, who was in junior high school, was forced to drop out of school and went to Zhejiang,Xiaoshan County Iron Industry Association as an iron apprentice. Three years later, he was dismissed because of the streamlining of personnel;

In July 1969, Lu Guanqiu led 6 farmers and raised 4,000 yuan to establish the Ningwei Commune Agricultural Machinery Factory;

Around 1979, many brands such as Ningwei Agricultural Machinery Factory, Ningwei Bearing Factory and Ningwei Chain Factory were attached to the factory entrance, and the number of employees reached more than 300. However, this diversified development method makes the factory only a little technical force and funds are very scattered;

At that time, Lu Guanqiu saw an editorial in the "People's Daily" "The development of the national economy, transportation is the key", he judged that China will vigorously develop the automobile industry in the future, because the Chinese auto market began to start, Lu Guanqiu At that time, the “diversified” products with an annual output value of 700,000 yuan were adjusted, and concentrated efforts were made to produce specialized automobile universal joints, which embarked on the road of “professional development of products and industries”. The factory was renamed Xiaoshan Wanxiang Festival Factory;

In 1984, the representative of the American Scheler company with the world's largest universal joint patent was “phased” in the Canton Fair, and after that, it placed 30,000 sets of orders, and Wanxiang products went abroad for the first time;

In 1983, the slogan “Let some people get rich first, and the rich first led to the rich” affirmed the rationality of the existence of non-state-owned entrepreneurs. After waiting for a long time, I finally waited until the day of Lu Guanqiu seize the opportunity and become the first person in Xiaoshan County contracting enterprise;

In 1986, the People’s Daily published a long-form newsletter, "The Local Wonders," and the protagonist was Lu Guanqiu. In this report, which is now regarded as epoch-making, Lu Guanqiu became the representative and glorious representative of "common prosperity";

In May 1991, Lu Guanqiu was on the cover of the US mainstream media "Newsweek" and became the second Chinese to appear on the cover of the magazine after Deng Xiaoping.

In 1994, Lu Guanqiu, the group's core enterprise founded by Lu Guanqi, went public and became the first listed township enterprise in China. Because the company's leading product is the "Qianchao" universal joint, the listed company was named "Wanxiang Qianchao". At the time of listing, Wanxiang Qianchao had a total share capital of only 109 million shares. By 2014, the share capital reached 1.59 billion shares, and in 20 years it expanded nearly 14 times.

In the new century, in the face of the surging international tide, the already full-fledged Lu Guanqiu further seizes the opportunity: not only became the first OEM in China to supply parts for General Motors, but also acquired the house. The company's largest supplier of the company and the wing-shaped universal joint drive shaft - Rockford;

In 2001, Wanxiang also included UAI, a US Nasdaq-listed company, to create a precedent for Chinese township and village enterprises to acquire overseas listed companies. At this time, Wanxiang has also changed from a manufacturer of universal joints to a world-class auto parts company that supplies parts and components to system modules;

In 2002, Wanxiang's independent intellectual property polymer lithium-ion battery, motor and controller and other key components were successfully developed, and the first electric car and electric bus were also developed.

In 2009, at the time of the global economic recession, Lu Guanqiu, which still did not get a license for automobile production, went against the trend and invested 1.365 billion yuan to build the largest electric vehicle and lithium battery production base in China;

In 2012, Wanxiang took over A123, the largest new energy battery manufacturer in the United States, and later defeated the Li Zezhen consortium to acquire American electric car giant Fisker for $149 million.

In 2014, Lu Guan publicly said: "I will use every income earned by Wanxiang to make electric vehicles. I will burn a lot of money until it succeeds, or the universal collapse." Nearly seventy years old.

In fact, after 48 years of development, the “Universal System” not only achieved a high degree of integration of the domestic auto parts industry, but also successfully established a huge capital including automobiles, new energy, agriculture, real estate, and finance. kingdom.

So far, the "Universal System" has mastered at least the control rights of four listed companies such as Wanxiang Qianchao, Chengde Lulu, Wanxiang De Nong, and Shunfa Hengye, and has participated in Huayi Brothers, Guangzhou Automobile Group, and Xinhecheng. Waiting for 18 A-shares and Hong Kong-owned companies; 14 new three-board listed companies including Yanda Education and Shang'anxin; and financial aspects, almost all financial licenses except brokers.

In the 2016 Hurun Rich List, the Lu Guanqiu family ranked the top of the auto-rich list with 55 billion yuan.

Wanxiang is a very standard family-owned company. Lu Weiding, the son of Lu Guanqiu, is well known in the group. The three daughters and their husbands also occupy important positions.

In the "Universal System", Lu Guanqiu has always created a kind of authority that no one can match with his personality charm and strong style. Inside the group there is a well-known booklet - "Lu Guanqiu Speech Compilation (1999-2016)".

This booklet contains the speeches of Lu Guanqiu at the Group Founding Conference, the Founding Party Day and the Wanxiang Annual Summary and Commendation Conference since 1999. All companies including Wanxiang Finance and Wanxiang Qianchao will organize learning repeatedly. Fu Zhifang, chairman of Wanxiang Finance, also advised employees to use it as a "bedside book."

In an interview with the media in 2015, Lu Guanqiu said that there is no retirement timetable for individuals.

The page contains the contents of the machine translation.