Automobile & Parts

 

1. Introduction to the Project
1.1 Project Background
1.1.1 P roduct Introduction
At present, electric bicycle development is basically mature. In the coming several years, plumbic acid battery will be gradually replaced with lithium battery, and will realize full environmental protection. Low speed electric cars are just starting, which will develop greatly in the coming several years. At the moment, in order to solve the existing problem that high-end, high-price electric automobile products are expensive but without market, and effectively utilize the existing technology of electric automobiles, while ensuring the big direction of development of electric automobiles, prior development of low speed electric automobiles will be more suitable for the current national situation of China, and more helpful for the promotion and application of electric automobiles.
1.1.2 Market Prospects
With resources and environment pressure constantly increasing, electric automobiles have become the development direction of the future automobile industry. According to the present Chinese market capacity and technical level, low speed electric cars are featured by good economic performance, energy conservation, environmental protection, resources conservation, low use cost and convenient charging, which are the traffic tools with the best economy, environmental protection and promotion for second-tier and third-tier cities, and the strategic choice for green traffic in China. 
It is of long-term significance to positively develop low speed electric cars. From the angle of reality, low speed electric automobiles are the best products that propel Chinese electric automobile industrialization, and open large-scale consumption market of electric automobiles; from the angle of long-term development, the technical upgrade of low speed electric cars is used to improve the core technology of high-end electric automobiles. After the national energy conservation and new energy automobile allowance policies are issued, China has basically determined the strategic route of main support of battery electric vehicles. The battery electric vehicles sold or to be sold in the current market are basically high-end electric vehicles, costing more than 150,000 yuan, or even over 200,000 yuan. In spite of the national allowance, most of the people think the price a little high, and worry about the charging device cannot adapt and the battery continuation mileage is short, causing the enterprise's battery electric vehicles listed on the announcement not to be put in the market. Some products put in the market cannot be approved by consumers. On the contrary, low speed electric cars are favored by many consumers due to its low price and high quality. In some cities and towns, including Shandong, Jiangsu, Henan, Zhejiang and Hebei, energy conservation and environmental protection low speed battery electric vehicles have formed certain scale, and the inventory keeps growing.
The focus is made on the users in second-tier and third-tier cities, first, electric bicycle and motorcycle upgrading users; second, consumers working at rural-urban fringe zone and in the city. Therefore, it is necessary to mainly research the product's technical performance and fully consider its application reliability, economy, safety and maintenance convenient, enable it to meet traveling power demand, traveled mileage demand and comfort demand. During design and production, in addition to the above factors, the product should be ensured to have strong interchangeability, universality and standard coefficient to meet the enterprise's rapid development and the requirements of different users.
Compared with ordinary high-speed electric automobiles, the low speed electric automobile is obviously featured by reasonable cost, economical and convenient application, applicable technology and mature market.
Main Advantages of Low Speed Electric Car

Performance
Comparison with Other Automobiles
Features
Cost rationality
Good
Low price, fast popularization.
 Use economy
Good
Low power consumption, convenient maintenance and low application cost.
 Use convenience
Good
Convenient operation, low requirements for charging facilities.
 Technical practice
Good
Applicable to current the development level of electric vehicle parts.
Market maturity
Good
Emerging market demand and huge development potential.

The selling price of the low speed electric car is within 20,000-50,000 yuan. Although the government does not provide financial subsidies, it can be popularized and promoted rapidly. The power consumption per 100km of low speed electric automobile can be controlled below 15kWh, and the power cost/km is very low.
1.1.3 Technical Analysis
Local enterprises have proprietary production technology. Major technical indexes are as follows:

Items
Index
Remarks
Motor power
3-4KW
 
Voltage
60-75V
 
Power consumption per 100km
10KW
 
Current limiting
(140-270)±5A
 
Speed per hour
70km/h
 
Continuation mileage
100-150km
Reach 300km after installing super-capacitor
Total costs per 100km
15.2 yuan               
1/4 of fuel oil vehicle
Energy use ratio
17.8%
Save energy 7.5%

1.1.4 A dvantageous Conditions and Necessity of Project Construction
(1) Policy conditions
This project can meet the national industrial policy, which belongs to national Encouraged Projects according to the Industrial Policy Adjustment Catalogue issued by the National Development and Reform Commission, belongs to prior development range according to Outline of the National Medium and Long-term Scientific and Technological Development Plan issued by the State Council, and is listed in Opinions on Development of Scientific and Technological Support Function and Promotion of Stable and Rapid Economic Development issued by the State Council as the products under accelerated promotion and internal demand expansion. Prior development of low speed electric cars conforms to the Chinese strategic plan for new energy automobiles, without hindering the development of high-end electric automobiles. Chinese automobile market demand is multi-level. Prior development of low speed electric cars is periodical strategy.
(2) Location advantage
Gongzhuling City of Jilin Province will try its best to promote automobile supporting industry to transform and upgrade to be high-end, professional and cluster-type, and fully exert the platform function of automobile and parts provincial-level characteristic industrial park for undertaking enterprises and projects. Gongzhuling Special Vehicles Industrial Park has starting zone 2km2, which faces Changchun Luyuan Xixin Economic Development Zone separated by Xinkai River as boundary to the east, connects FAW Industrial Technological Development Zone and Gongzhuling Economic Development Zone to the south, belonging to the backyard garden of Changchun FAW. Its geographical position is very suitable for the development of automobile enterprises. Provincial road Changchun-Zhengjiatun Highway and Changchun-Shenzhen Expressway under planning and construction pass through the city. It is only 12km from 102 National Road and Beijing-Harbin Expressway, and about 20km from High-speed Rail Train Station at Western Changchun. Its unique regional traffic advantage can provide broad development space for the park construction.
(3) Technical talent advantage
Gongzhuling City will positively expand external talent introduction channels, mainly introduce talents from automobile and petroleum and chemical supporting enterprises by means of projects, parks, bases, exhibitions, commission, talent hunters and media, carry out effective preferential policies for high-level innovation talents, increase rewards for high-level talents, implement "one policy for one person and one meeting for one case policy" for especially required and key talents, and give special supporting policies, thus effectively accomplishing effective connection between talents and projects.
(4) Industrial foundation advantage
Gongzhuling City has produced special vehicles for a long time, and was well-known around the country in 1970s, and the output of military vehicles produced at that time ranked the first in China. At present, the city still has industrial development advantages of research and development design, enterprise management, professional talents reserve for production of special automobiles. In addition, based on the geographical advantage of approaching FAW, the city has determined the automobile parts processing industry as leading industry, and has formed powerful industrial advantage, and owned 158 automobile supporting enterprises, more than 200 production series, and more than 1000 types of supporting products, providing good industrial foundation for the development of special vehicles industry in the city.
1.2 Content and Scale of Project Construction
1.2.1 P roduct Scale
Annual production capacity is 50,000 low speed electric cars.
1.2.2 Construction Content
This project has floor area 200,000m2 and building area 100,000 m2, including office area 1000m2. It has 5 electric automobile assembly lines, 1 stamping production line, 1 welding production line and 1 coating production line.
1.3 Total Investment of the Project and Capital Raising
Total investment of the project is 1 billion yuan, and construction investment is 650 million yuan.
Table 1: Summary Table of Total Investment of the Project   Unit: RMB10,000
No.
Expense Name
Amount of Investment
Proportion of Total Investment %
Remarks
1
Construction investment
65000
65
 
2
Interest incurred during construction
 
 
 
3
Circulating capital
35000
35
 
 
Total investment of the project (1+2+3)
100000
100.00
 
1.4 Financial Analysis and Social Evaluation
1.4.1 Main Financial Indexes
After the project reaches the production capacity, it will realize annual sales income 2.5 billion yuan, total profit 300 million yuan, payback period 4.3 years (after tax, including 1 year of construction period) and FIRR 23%.
Table 2: List of Major Indexes for Forecast of Economic Benefits
No.
Name
Unit
Index
Remarks
1
Sales income
RMB10,000/a
250000
Normal year
2
Total profit
RMB10,000/a
30000
Normal year
3
FIRR of all investments
%
23
After income tax
4
FNPV (Ic=10%)
RMB10,000
67742
After income tax (operation period 10 years)
5
Period for recovery of all investments (after tax)
a
4.3
Including 1 year of construction period
6
ROI
%
30
 
Note: "RMB10,000" in the Table shall be RMB.
1.4.2 Social Evaluation
(1) Low speed electric cars are suitable for the consumers of electric scooters, electric bicycles and motorcycle upgrading in second-tier and third-tier cities, urban-rural fringe zone, first-tier cities, belonging to the ideal green traffic tools. Its positive functions for reducing social pressure arising from petroleum shortage, and perfecting the air quality in rural and urban areas have been universally acknowledged in the society. In recent years, many electric automobile research projects have been listed in Special Project of Energy Conservation and New Energy Automobiles of National 863 Program of the Eleventh Five-Year Plan. The development of electric automobiles conforms to Chinese energy development strategy and national economy development plan.
(2) This project can positively promote the development of regional economy and social improvement, and expand employment channels, having significant social benefit.
1.5 Cooperative Ways of the Project
Sole proprietorship and joint venture, and other ways can be discussed in person
1.6 What to be Invested by Foreign Party
Capital.
1.7 Construction Site of the Project
Gongzhuling Special Vehicles Industrial Park
2. Overview of Development Zone
2.1 Basic Conditions
Name: Jilin Gongzhuling Special Vehicles Industrial Park
Address: Daling Town, Gongzhuling City, Jilin Province
Legal Representative: Ma Xiangchun (Party Committee Secretary and Director of Management Committee)
2.2 Overview
Special Vehicles Industrial Park is located in Daling Town of Gongzhuling City, connecting Jilin Daling Automobile Logistics Park, extending 2179m from the east of Xingling Road of Daling Town, 500m from the north of Fumin Street, and 2000m to Rixing Road from the south. It covers an area of 50,000km2, including starting zone of 2km2. It faces Changchun Luyuan Xixin Economic Development Zone separated by Xinkai River as boundary to the east, connects FAW Industrial Technological Development Zone and Gongzhuling Economic Development Zone to the south, belonging to the backyard garden of Changchun FAW. Its geographical position is very suitable for the development of automobile enterprises. Provincial road Changchun-Zhengjiatun Highway and Changchun-Shenzhen Expressway under planning and construction pass through the city. It is only 12km from 102 National Road and Beijing-Harbin Expressway, and about 20km from High-speed Rail Train Station at Western Changchun. Its unique regional traffic advantage can provide broad development space for the park construction. Gongzhuling City has produced special vehicles for a long time, and was well-known around the country in 1970s, and the output of military vehicles produced at that time ranked the first in China. At present, the city still has industrial development advantages of research and development design, enterprise management, professional talents reserve for production of special automobiles. In addition, based on the geographical advantage of approaching FAW, the city has determined the automobile parts processing industry as leading industry, and has formed powerful industrial advantage, and owned 158 automobile supporting enterprises, more than 200 production series, and more than 1000 types of supporting products, providing good industrial foundation for the development of special vehicles industry in the city.
2.3 Contact Method
Contact Person of the Project Park: Wang Mingzhi, Li Bingzhan
Tel: 0434-6218414 13944465343
Fax: 0434-6203377
E-mail: gzltzc@163.com
 
Contact Method of Project City (Prefecture):
Contact Unit: Gongzhuling Economic and Technical Cooperation Bureau
Contact Person: Zhou Kemin
Tel: 0434-6219312   13504441655
E-mail: gzl1655@163.com
 
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