Buffett, Li Ka Shing "gamble" Electric Cars

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after entering, but also a rich set foot in this field. Recently, Li Ka-shing to 400 million placement of shares of the conditions of an indirect stake through the GAIN Capital Holdings Inc. Poly Lei days, while the Shenzhen Poly Lei Lei days days Energy In Hong Kong produces battery company, this means that Li Ka-shing entered the electric Car And lithium in the field. nm 4t

nec floppy drive

In electric cars become the future direction of development, the Li Ka-shing, Buffett frequently involved in capital predators, indicating that a new energy vehicles has become a new investment pools, electric cars will become rich and have the next hot areas of contention. However, analysts said, although the development of new energy vehicles a bright future, but the core technology, industry standards are still obstacles.



Indirectly involved in the Li Ka Shing 400 million placement of shares



It is understood that the mine days together on December 21 last year, incorporated in Hong Kong, Shenzhen Thunder Sky set up in the production of battery company. The company's products are mainly used in battery electric vehicles and storage power station and yttrium lithium battery, the product features suitable for electric vehicles, the main customers include vehicle manufacturers, shipping and storage power station.



GAIN Capital Holdings, said the notice issued, will cost a total of 2.75 billion Hong Kong dollars, of which 1 billion in cash; 156 700 000 0.2 yuan per share, issued by the Hong Kong dollar, about 783.5 million shares to pay the Consideration Shares; 2.493 billion Hong Kong dollars to release 8-year zero-coupon convertible bonds to pay to acquire the entire interest UnionGraceHoldingsLimited, while holding in the target company's entire equity interest in Poly Lei days.



The same time, GAIN Capital Holdings 0.73 Hong Kong dollars per share price, placing 400 million shares to the Li Ka Shing shares, raising 292 million Hong Kong dollars. Of which 1 billion to pay for part of the acquisition cost of the other 190.5 million to cover construction costs and general working capital. Regal have to seize the opportunities



It is reported that Li Ka-shing to enter the battery in the field before the Buffett on the large-scale domestic manufacturers BYD stake. September 29, 2008, Warren Buffett's MidAmerican (MidAmerican Energy Holdings Company), announced to spend 230 million U.S. dollars (about 1.8 billion Hong Kong dollar) stake in BYD, accounting for 10% stake, is precisely its value BYD considerable market potential battery technology and electric vehicle market. This time, Li Ka-shing indirectly involved in the field of electric vehicles, took a fancy to mine-day Poly battery outstanding technical capabilities.



Present, battery electric vehicles as the core components, domestic manufacturers have a certain technical base. In 2009, the domestic automotive lithium-ion battery and Ni-MH battery production capacity of more than 900 million years, with 140 million watts watts. This year is expected to reach 40 gigawatts, with the 360 million watts, can meet the 150,000 electric cars loading requirements. In accordance with last year's "auto industry restructuring and revitalization plan" to the new energy vehicles in 2011 accounted for sales of passenger cars Sell About 5% of the total. This also means that China has a huge market.



In addition, the Thunder Sky Holdings Ltd chairman Zhong Xin Jia, has invested 30 billion yuan for the development of electric vehicle projects.



Breakthrough core technology to be



Rich are just around the corner behind an electric car, hybrid and other new energy vehicles has become a future automotive development. Not long ago, Miao Wei, vice minister of Ministry of Industry said, will soon stimulate policy, government subsidies, encourage private purchase of new energy vehicles. And the State Home Appliances Network has been publicly announced in December of this year before the 27 cities in the country to start building electric car charging stations. In addition, China Southern Power Grid has also issued a public notice, clearly supporting the market for electric vehicles to provide service, the first charging station will be put into use in Shenzhen.