AESC's past and present, why does Yuanjing acquire AESC?

AESC is a joint venture company. There is no way to expand customers like Panasonic and LG Chemical. Nissan Leafwind is the main customer of AESC. As the sales volume of the company declines, AESC is no longer a hit, and the gap with its competitors is widening. To a certain extent, Nissan Motors sells AESC, which is similar to BYD's battery business.

Yuanjing is a global leader in new energy technologies, the second largest supplier of intelligent wind turbines in China, with products and technical services covering intelligent wind turbines, smart wind farms, smart photovoltaics, EnOS, the world's largest energy IOT platform, and managing more than 100 GW of energy worldwide assets.

According to the post-audit financial data disclosed by the Singapore Exchange, in 2017, Vision Energy achieved revenue of 11.6 billion Yuan and net profit of 1.2 billion. Compared with 2016, revenue increased by more than 50%, and profit increased by more than 70%. Industry insiders estimate that the prospective energy revenue in 2018 is expected to achieve substantial growth again, with an expected delivery of 4.5GW-5GW.

The acquisition of AESC, the founder and CEO of Vision Group, Zhang Lei said, "AESC lithium battery products have the ultimate safety and reliability. Since its launch in 2010, AESC's lithium-ion battery has been 350,000 Leaf worldwide. Electric vehicles provide power without a major battery accident. This is a combination of AESC's superior capabilities in electrochemical technology, process and structural design, heat balance and energy management. Vision is a technology innovation driven company, we are very happy with Nissan and the AESC team work together to better promote lithium battery technology innovation and industry advancement."

In terms of vision, it plans to upgrade the existing production scale of AESC in Japan, the United Kingdom and the United States in the future to ensure the production of batteries with high energy density and longer life cycle. In addition, in order to better meet the rapidly growing demand for China's electric vehicle battery and stationary lithium-ion battery market, the prospect is also to set up a factory in Wuxi, China. This helps AESC continue to reduce the cost of lithium-ion batteries, is unique in all major automotive markets worldwide, and stands out among the many major competitors.

In recent years, Yuanjing has promoted the integration of electric vehicles into the emerging global smart energy system. It has strategically controlled the world's largest household energy storage technology service company, Sonnen, and invested in Chargepoint, the largest charging network technology company in North America, the leading electric vehicle manufacturer in China Horse car, electric formula car, Virgin Racing team, etc. The acquisition of AESC also indicates that the Group's Vision is continuing to expand into energy storage, electric vehicles commercial and home energy management systems.

Lei Zhang believes: "From an energy perspective, electric vehicles are a mobile smart power station. The application of large-scale electric vehicles will have a huge impact on the power system. At the same time, battery mileage anxiety and charging anxiety are also limiting the development of the industry. The vision of intelligent IOT technology will make batteries and charging smarter, and promote the integration of electric vehicles with energy systems, especially to provide intelligent dynamic balance for future fragmented renewable energy systems."

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