FJGF(SZ:002662)2022-12-06 01:34Group 1: Company Overview - Beijing Weikawen Automotive Parts Co., Ltd. is involved in the design and modification of electric vehicles, with a significant stake held by EFA-S, which owns 75% of the company [3]. - The company plans to produce high-end electric vehicles, leveraging advanced automotive technology from Germany [4]. Group 2: Production and Market Strategy - The production of high-end electric vehicles is expected to reach full capacity within 36 months after the completion of preliminary approvals [4]. - The target market includes 100,000 units in Germany and 400,000 units in China, totaling 500,000 units [4]. Group 3: Component and Technology Development - The company plans to source batteries externally while developing battery modules in-house, and is negotiating with German firms for electric motor and control technology [4]. - The first electric vehicle will be fully localized in Germany, with future models incorporating existing component products [4]. Group 4: Financial Performance and Future Outlook - The second quarter performance showed improvement over the first quarter, with a positive trend in component business development [5]. - The company anticipates profitability for Shenzhen Wuzhoulong in the current year despite underperformance in the first half [5]. Group 5: Investment and Financing - The company plans to issue 250 million shares to raise 7 billion, indicating that the current stock price is undervalued [5]. - Future financing methods will diversify, especially with the potential listings of associated companies, which will provide more funding platforms [5].