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Discussion Starter · #1 · (Edited)
Dalian Huanghai

Even as WM Motors goes ahead with the construction of its main plant in Oujiangkou (Wenzhou), it has kept another factory as standby to quickly ramp up production.

MIIT released information about an SUV, DD6455BEV01 to be made by Dalian Huanghai Automobile Co., Ltd. Although the car sports an unfamiliar logo, the pictures are those of an EX5 test vehicle.

Digging around, I learned that in February 2017, Liaoning Shuguang sold 100% of Dalian Huanghai Automobile Co., Ltd. to Dalian Xinminya Intelligent Technologies Co., Ltd. which is a wholly owned subsidiary of WM Motors, for close to CNY 1.2 billion. Dalian Huanghai was responsible for manufacturing the Raytour van for its previous owner (see). This transaction was, thus, separate from the sale of controlling interest in Liaoning SG Auto to Hawtai.

Like many of the other "smart EV" startups, WM Motors too has not received EV project approval for its Wenzhou site, so perhaps keeping another licensed plant ready may come in handy (it increases costs though!). Fortunately, the car itself has been type-approved, as noted above.
 

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SG Automotive, the only private Chinese auto axle maker, is a large, well established manufacturing complex, with ties to Eaton of the U.S.. Now it looks like it's getting back to focusing on its main business, leaving many of its passenger models to others.
My guess is that Weltmeister's founder, Mr. Shen, knows a good sound, and quality, manufacturer when he sees one. The same goes for Huatai.
Who will build the Raytour now?
 

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Discussion Starter · #3 ·
Corrected a little mistake:

Liaoning Shuguang Group LLC sold its 21.27% stake in Liaoning Shuguang Automotive Group Co., Ltd. (Huanghai Auto) to Hawtai Motor. Dandong Huanghai Automobile is a part of Liaoning Shuguang Automotive Group Co. Ltd. as the operating company of its factories.

Dalian Huanghai was a subsidiary of Liaoning Shuguang Automotive Group Co. Ltd.

Raytour will continue to be made by Dandong Huanghai, along with the other large buses.

Sorry for the confusion. A careful reading of the Chinese transaction document cleared it up.
 

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Discussion Starter · #4 · (Edited)
Weltmeister obtains production qualification for Wenzhou

The "reverse merger" is increasingly becoming the preferred route for new EV and non-EV companies to get a production license.

WM Automotive Manufacturing Wenzhou Co., Ltd., a WM Motor (Weltmeister) group company responsible for constructing and operating the upcoming industrial site in Oujiangkou (Wenzhou), has purchased an idle auto company through a subsidiary. This idle auto company is none other than Zhongshun Automobile Holdings Co., Ltd., better known to us as Polarsun.

Zhongshun Automobile Holdings Co., Ltd., has recently merged with WM Auto Mfg. Wenzhou. Its license has been transferred to WM Auto Mfg. Wenzhou with a change in the original registered and production addresses to sites in Wenzhou (office and plant).

http://www.d1ev.com/news/qiye/61264
http://www.iautodaily.com/index.php?c=article&id=4254

With Dalian Huanghai under its belt as well, WM Motor has two licensed sites for production, with one of them under construction right now.
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History/Details: Shenyang Zhongshun/Polarsun came about (in 2002) as a restructuring of Songliao Automobile Co., Ltd., itself part of a military-owned conglomerate Songliao Enterprise Group. In 1965, Shenyang Military Region Logistics Department Auto Repair Factory and the PLA Factory No. 7416 (est. 1947) had been unified and in 1983 this was renamed Songliao Automobile Factory. In 1993, it was incorporated as Songliao Automobile Co., Ltd. (link) (Lawrence, Erik, correct me on the history if required)

Songliao Automobile Co. Ltd. was renamed Cultural Investment Holdings Co., Ltd. in 2016 and is now a film production and investment company. Songliao Auto/CIH stayed as one of three shareholders of Zhongshun Auto Holdings till August 2017, when Shenyang Sibo Intelligent Automobile Technology Co., Ltd. (subsidiary of WM Auto Mfg. Wenzhou) purchased Zhongshun.

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Never confuse WM Motor (Weltmeister) with WM Motors USA (WMIC) that owns Saleen Motors International.
 

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Weltmeister Huanggang project

Weltmeister, along with some other partners, is setting up a new energy vehicle industrial park and autopilot demonstration zone in Huanggang City, Hubei Province. The project will be carried out by Hubei Xinghui New Energy Smart Automobile Co., Ltd. which is a joint venture with investments from the Weltmeister (WM) group and Hubei Changjiang (Huanggang) Equity Investment Fund Partnership.

Hubei Changjiang (Huanggang) Equity Investment Fund Partnership is a limited partnership firm set up by Hubei Changjiang Industry Investment Group (an enterprise of Hubei Provincial SASAC) and China Merchants Securities Co., Ltd. of the China Merchants Group, a national state-owned enterprise.

The project envisages construction of an annual industrial capacity of 300,000 new energy vehicles, carried out in two phases (150,000 units p.a. x 2). The entire project should be completed by 2022 according to plans. Work began in January 2018. Once the first phase is complete, vehicles will be produced under the qualification of Dalian Huanghai Automobile Co., Ltd. which was acquired by WM group in 2017. MIIT has just notified the transfer of this license to Hubei Xinghui New Energy Smart Automobile Co., Ltd.

Dalian Huanghai Automobile Co., Ltd. is at present a step-down subsidiary of Hubei Xinghui.

http://m.xinhuanet.com/hb/2018-01/13/c_1122253821.htm
http://www.hg.gov.cn/art/2018/1/15/art_1148_151755.html
https://www.qichacha.com/firm_d2a483a25df1d062aff5053b163d63db.html
 

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Discussion Starter · #11 · (Edited)
Yes. Dalian Xinminya, which still holds 100% of Dalian Huanghai Auto, is now a 100% subsidiary of Hubei Xinghui.

When Dalian Xinminya took over Dalian Huanghai Auto from Liaoning Shuguang Automobile Group Co., Ltd. (record date 2017-03-30), Dalian Xinminya was a wholly owned subsidiary of WM Automotive Technology Group Co., Ltd. Dalian Xinminya itself was transferred to Hubei Xinghui later in the year (record date 2017-06-07).

When I wrote about Dalian Huanghai Auto in December of 2017, the articles I had researched were mostly from February 2017, around the time the Dalian Huanghai Auto purchase took place, and Dalian Xinminya was at that time being described as a wholly owned subsidiary of WM Motor.
 
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