Guoxuan Hi-Tech receives the big single of Beiqi New Energy Power Battery System

Guoxuan Hi-Tech announced at noon on May 31 that Hefei Guoxuan, a wholly-owned subsidiary of the company, and Beijing New Energy Automobile Co., Ltd.("Beiqi New Energy ") signed 《the 2017 purchase agreement》 in Qingdao on May 28, 2017. In the procurement agreement, Beiqi New Energy intends to purchase a pure electric car battery system from Hefei Guoxuan. The total amount of the contract was $187,500. This contract is the annual supply contract of Hefei and BAIC new energy in 2017.

The announcement shows that the specific content of the procurement contract is 50,000 sets of power battery packs (subject to the actual monthly order), and Hefei Guoxuan will deliver the batch to Beiqi New Energy from May 2017 to December 2017. All goods specified in this contract.

Guoxuan Hi-Tech said that BAIC New Energy was initiated and controlled by Beijing Auto Group Co., Ltd., a Fortune 500 company, and jointly established by Beijing Industrial Development Investment Management Co., Ltd., Beijing State-owned Capital Management Center and Beijing Electronics Holdings Co., Ltd. New energy vehicle industry development platform. Beiqi New Energy has become the core strategic cooperation customer of the company since 2015. The company began to supply ternary batteries to BAIC New Energy in volume in 2017. In the most recent fiscal year, the company and Beiqi New Energy incurred transaction amount of approximately RMB 56,737,000.

Guoxuan Hi-Tech said that Beiqi New Energy is one of the leading enterprises in the domestic new energy automobile industry. In 2016, the company increased its capital by Beiqi New Energy through Hefei Guoxuan, further strengthening the cooperation with core strategic cooperation customers. The signing of the contract will help to further consolidate the company's dominant position in the automotive lithium battery industry, while at the same time providing a good demonstration effect for the company to continuously optimize the customer structure, consolidate market share and achieve strategic upgrades.

In addition, with the release of new capacity in Hefei Guoxuan in 2016, the company's power supply capacity in 2017 was fully guaranteed. At the same time, after years of accumulation, Hefei Guoxuan also fulfilled its funds, personnel, technology and after-sales support. The ability of the contract.

According to the announcement, the contract amount accounts for 39.41% of the company's audited operating income for 2016. The contract is delivered in batches and the delivery date is all in 2017. It is expected to have a positive impact on Guoxuan Hi-Tech's 2017 operating results.

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