Electric car leader layout upstream Tibet lithium mine or Huadi BYD

On the Southwest United Assets and Equity Exchange, the 22% stake in Zhabuye Lithium Hi-Tech Co., Ltd. (hereinafter referred to as Zabuye Lithium) in Shigatse, Tibet, was put to the end of yesterday afternoon (September 9th) at 5 pm. It is reported that BYD (01211, HK) intends to transfer lithium deposits from Tibet. In this regard, a BYD spokesman responded that "there is no response at this stage." According to sources from the Tibetan Mining Secretaries’ Office, whether BYD’s bids are not disclosed.

When BYD is surrounded by the “lithium mine” halo, Buffett will be back in BYD. Buffett will visit China from September 27 to 30. The main focus of this trip is still BYD. "Daily Economic News" reporter learned that Buffett will go to Changsha on September 30 to visit BYD's base in Changsha, and participate in BYD electric bus off the assembly line and the local government to sign the electric bus signing ceremony.

BYD is accused of bidding for Tibet's lithium mine

The concept of "lithium mine" owned by Zabuye Lithium has attracted widespread attention. The listing notice of the Southwest United Assets and Equity Exchange revealed that 22% of Zabuye Lithium, which is held by Tibet Mining and its controlling shareholder, is expected to be worth 245.66 million yuan, and will be listed and transferred between August 13 and September 9. These include 6% of the Zabuye Lithium held by Tibet Mining and 16% of the shares held by Tibet Mining Development Corporation.

According to an announcement issued by Tibet Mining, on September 9, when the listing expired, according to the relevant provisions of the Southwest United Assets and Equity Exchange, after the listing period ends, if a publicly-accepted intentional transferee is solicited, it will adopt the agreement transfer method. If two or more eligible prospective transferees are publicly solicited, the transaction will be conducted through the open competitive bidding organized by the Southwest United Assets and Equity Exchange.

The qualification conditions of the transferee proposed by Zabuye Lithium clearly stated that it only accepts a joint consignee consisting of multiple strategic investors as the transferee of 22% equity of Zabuye Lithium, and the joint consignee should receive Two to four strategic investors who intend to participate in the equity transfer will be formed in accordance with the principle of voluntary combination. The strategic investors who form the joint consignee must not have a relationship with Tibet Mining.

It is reported that the qualification requirements of another transferee in Zabuye Lithium are considered as “locking in” BYD: Among the transferees who form the joint transferee, the main transferee should belong to the Zabuye lithium industry's downstream industry strategy. Investors, including but not limited to lithium battery manufacturers or related battery material manufacturers, the strategic investors must have strong competitive advantages and financial strength in the lithium battery or related battery materials industry, and their net assets should not be lower than 2 billion yuan. "The above conditions, in addition to BYD, it is difficult to find the second." Industry sources said.

Hong Kong’s “Ming Pao” reported that BYD’s next step may be to refer to Tibet’s lithium mine after it plans to enter home appliances and IT business. The news that BYD will be held by Tibet Mining Zabuye lithium shares.

In this regard, a BYD spokesman responded that "there is no response at this stage."

After the listing was concluded yesterday, an official from the Tibet Mining Board of Directors said in an interview with the reporter of the “Daily Economic News” that “The secretary of Dongying Wang Yingchun is busy making announcements in Shenzhen on business trips. Whether BYD’s bid is temporarily not disclosed. We currently have no relevant information. Notification of Information Disclosure."

Buffett or visit BYD Base Changsha

In addition to the lively "lithium mine," "Daily Economic News" reporter learned that Buffett will be in close contact with BYD in September.

According to reports, Buffett’s visit to China will first go to Shenzhen, which is the headquarters of BYD. According to the initial schedule, Buffett will meet with BYD's top level on September 27. In addition, Huizhou, which Buffett went to, is also a production base of BYD. According to the above itinerary, Buffett will travel to Changsha on the 30th after visiting Beijing.

An informed source from Hunan said that in addition to Bill Gates’ visits to Beijing, Huizhou, and Shenzhen, Buffett and his party will arrive in Changsha on a private jet to meet with the leaders of the Hunan and Changsha governments and then travel to BYD. Changsha Base participates in the electric bus off-line ceremony of the base and it is possible to make a public speech.

“The schedule for this side has already been sent to Buffett and is only for final confirmation.” The above sources stated that Buffett’s arrival in Changsha is positive. “He came to Changsha mainly because the new base of BYD had just settled in Changsha, but it was temporarily impossible. Make sure he will attend the off-line ceremony of the electric car and deliver a speech."

In the second half of last year, BYD officially announced the investment of 3 billion yuan to acquire the US passenger car as a whole and build Changsha into BYD's third largest automobile production base and new energy automobile production base in China. At present, BYD has built a Changsha base covering an area of ​​4 square kilometers in 6,000 acres in Changsha.

Buffett’s relationship with BYD began in September 2008 when MidAmerican, a subsidiary of Buffett’s investment flagship Berkshire Hathaway, signed a strategic investment and share subscription agreement with BYD.

According to the agreement, Buffett subscribes 225 million BYD shares at a price of HK$8 per share. The transaction amounted to approximately HK$1.8 billion.

The investment brought a lot of investment income to Buffett. In October last year, BYD's stock price reached 88.4 Hong Kong dollars, Buffett's stock price rose 10 times, even if it is currently down to 49.2 Hong Kong dollars, Buffett's investment income on BYD is still nearly 10 billion Hong Kong dollars.