Wei Fu High Tech Fund-Raising Project Has Not Been BOSCH Core Technology

In November 18th,

In November 19th, Wei Fu high tech, General Secretary Zhou satellite, told reporters on the phone that the private placement is mainly to solve the problem of too dispersed ownership and to face the threat of takeover. It does not involve technical cooperation, but he still hopes that BOSCH will have more in-depth cooperation with Wei Fu hi tech after its investment increases.

The fund-raising fund involves WPS R & D and industrialization, diesel engine common rail system spare parts capacity upgrading, vehicle power battery materials and power battery research and development projects.

WPS technology is the "high pressure common rail" technology, which is in line with the IV standard of China. It is used in the middle end heavy truck market and construction machinery field. The project is produced by the joint venture BOSCH automotive diesel system Limited by Share Ltd, BOSCH holding 67%, Wei Fu group and listed companies 33%.

"Wei Fu hi tech is the supplier of fuel injection pump. BOSCH (gasoline and diesel) is responsible for injector, ECU (electronic control unit) and oil rail. These things are no change as before, but technology will be improved," he told reporters.

Changjiang Securities Liu Yuanrui said in the research report that at present, the bus rail market has occupied a very high share of the bus track, while the heavy truck market BOSCH steam and diesel common rail line has steadily occupied the market share of 35-40%.

A researcher who does not want to be named by Tianxiang investment is already calculating how much the IV emission regulation will bring to the Wei Fu hi tech common rail system.

She told reporters that the national IV postponed its implementation from 2012 to 2013, which would be a big probability event. "Generally, the time from engine development to SOP (programmed production) is about 18-24 months. Therefore, BOSCH is preparing for the preparation of the middle and high end heavy truck and the passenger vehicle energy saving and emission reduction market after the implementation of the IV standard in 2012."

But she thinks China's desire to acquire more technology has failed.

"BOSCH group's new energy vehicles and lithium batteries will be developed and produced by United Automotive Electronics Co., Ltd., and coaxial motors (IMG) and split motors (SMG) will take the lead in mass production in 2012, but this has nothing to do with WEF hi tech," he said.

Gao also said that the United Automotive Electronics Co., Ltd. (BOSCH and China United Automotive Electronics Co., Ltd.) accounted for 50% of the joint venture company, China Unicom electronics from FAW, SAIC, Wei Fu, Dongfeng and other 20%) although the company's sun, but the company "only to obtain investment income, and get the technology are two different things".

He said: "the joint electronic production passenger vehicle control system is different from the diesel control system of the Wei Fu hi tech commercial vehicle."

The share of joint electronics in the automotive electronics market is 40%.

The researcher told reporters that at present, FAW has 3 pure electric vehicles own brand models will be produced in 2011, and joint electronics is supporting the SAIC, FAW, Changan, Ford and Jiangling. The project should be to make technical reserves to seize the electric vehicle market.

The size of BOSCH and Wei Fu's two joint ventures in China is around 5 billion yuan, the researcher said.

In 2009, BOSCH combined sales in China amounted to 27 billion 400 million yuan.

Automotive technology is BOSCH's largest business unit.

In 2009, it generated 16 billion 900 million yuan in revenue, accounting for 62% of BOSCH's total sales in China.

"BOSCH automobile is only one of the 8 automobile companies in China," he said.