January 19, 2017 3:59 PM ET

Automobiles

Company Overview of Shanghai Maple Automobile Co., Ltd.

Company Overview

Shanghai Maple Automobile Co., Ltd. manufactures passenger cars. It offers its products in the Middle East, Africa, East Europe, Central-South America, and Oceania. The company was founded in 2000 and is based in Shanghai, China. Shanghai Maple Automobile Co., Ltd. operates as a subsidiary of Zhejiang Geely Holding Group Co., Ltd.

Fengjing Industrial Park

Jinshan District

Shanghai,  201501

China

Founded in 2000

Phone:

86 21 6735 6000

Fax:

86 21 6735 6137

Key Executives for Shanghai Maple Automobile Co., Ltd.

General Manager
Compensation as of Fiscal Year 2016.

Shanghai Maple Automobile Co., Ltd. Key Developments

Shanghai Maple Automobile Co., Ltd., Jiaxing Jiale Investment Partnership Corporation and Honbridge Power Limited Enter into the Joint Investment Agreement to Establish the Project Company

Shanghai Maple Automobile Co., Ltd., Jiaxing Jiale Investment Partnership Corporation and Honbridge Power Limited have entered into the Joint Investment Agreement to establish the Project Company. The Parties are required to complete the relevant registration procedure of the Project Company within 15 workings days after entering into the Joint Investment Agreement. The Project Company is owned as 49%, 48% and 3% by Honbridge Power, Shanghai Maple and Jiaxing Jiale respectively. The aim of the Project Company is to fully integrate business advantage and resources invested by the Parties and to develop as a competitive new energy vehicle batteries company that possess industry leading research and development and manufacturing technology to meet the technical quality and cost requirements for the hybrid and pure electric vehicles market and overall not lower than the industry leading benchmark. The Project Company will be established at Jinhua New Energy Automobile Industrial Park, Zhejiang Province, the PRC, which includes operation such as research and development, production, sales of lithium-ion battery and batteries system. The Project Land will occupy an area of approximately 200 Mu, and it can produce approximately 1,500,000 kWh lithium-ion battery for new energy vehicles annually after completion of the construction of the production facilities. The term of operation of the Project Company is twenty years from the date of incorporation of the Project Company. The capital contribution to be made by the Company is USD 39.2 million and will be funded by the proceeds from placing of new shares of the Company in June 2015. The Parties are required to inject 10% of its agreed capital commitment along with the registration procedures within 15 working days after entering into the Joint Investment Agreement. The remaining part of the agreed capital commitments will be paid by each Parties before 31 December 2025.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 18, 2016
Corun Hybrid Technology Co., Ltd.
 

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