· Tate Electromechanical wholly-owned acquisition of Dutch e-Traction China's wheel motor is moving towards industrialization

On November 21st, the press conference “Opening the Industrialization of China's New Energy Vehicle Wheel Motors and the Whole Acquisition of Dutch e-Traction Company by Hubei Tete Mechanical & Electrical Co., Ltd.” was held in Beijing Diaoyutai State Guesthouse. The conference invited many heavyweight guests from the industry, the Ministry of Machinery Industry, the Ministry of Science and Technology, the National Clean Vehicle Action Coordination Leading Group Office Expert Group, the China Association of Automobile Manufacturers, the China Automotive Engineering Society, the China Europe Economic and Technical Cooperation Association, and the World Automotive Engineers Association. The meeting, the China Automotive Technology and Research Center, the China Road Transportation Association, the China-China Automobile Exchange Association, the Chairman of the Global Automotive Elite Organization, the Electric Vehicle and the 100-member Association, and other industry experts and the Dutch Ambassador to China visited the site to witness the industry event. .
The determination of the Chinese government to promote the development of new energy vehicles is changing the pattern of China's automobile market and affecting the formation of a new world civilization. However, whether the field of new energy vehicles in China will be like the traditional automobile field, the core components are “empty shells”, which is worrying. One of the "three electric" motors is the core component of new energy vehicles. Although China has made progress in the central motor, there is still no achievement in the distributed drive that represents the future development trend of the motor and related electronic control.
Europe has already taken the lead in the world in this respect, and the Dutch e-Traction is the leader in the world of wheel hub motors. Founded in 1981, e-Traction, based in Apeldoorn, the Netherlands, has more than 30 years of experience in the field of electric drive systems. The development of wheel drivetrains began in the late 1990s. Up to now, e-Traction has more than 200 invention patents, and its products have been applied to buses and buses in 8 countries in Europe. The vehicles equipped with its products have been running on the road for 8 years, and their technology is also Has been developed to the third generation.
Lu Chao, chairman of Tianjin Tianhai Synchronous Group, believes that although China's auto parts industry is large in scale, it lacks the high-end technology of core components, and can no longer make the new energy vehicle field a sad place for domestic parts, using global resources and relying on capital power. M&A is a good way to develop rapidly. There have been many successful precedents. In the field of complete vehicles, Geely has set an example for the acquisition of Volvo. In the field of parts and components, cross-border mergers and acquisitions have also occurred frequently in the past two years. Wheel hub motor technology is the high-end core component technology that leads the machine. If it can be wholly-owned, it means that it is completely owned by me.
Hubei Tate Electromechanical Co., Ltd. is a subsidiary set up by Tianjin Tianhai Synchronous Group in the investment and construction of hub motor project in Jingmen High-tech Zone and Suidao District of Hubei Province. It was settled in July this year with a total investment of 600 million yuan and covers an area of ​​100 mu. The group is a high-tech company that integrates independent research and development, manufacturing of commercial vehicle core components, electronic control technology, and commercial vehicle system drive.
In September of this year, Hubei Tate Electromechanical Co., Ltd. reached a number of rounds of inspections and negotiations, and finally reached a merger intention with the European e-Traction Europe BV, the largest manufacturer of new energy vehicle wheel hub motors. On September 26, at the Dutch Embassy in China, Ms. Schultz, Minister of Infrastructure and Environment of the Netherlands, witnessed the signing ceremony of a 100% stake in Hubei Tate and the Dutch e-Traction Europe Bv.
After completing the acquisition of e-Traction, Tate Electromechanical will have the core technical advantages of the hub motor and accelerate the promotion and application in the field of new energy commercial vehicles. According to the plan, Tate Electromechanical will conduct business through three major institutions, the first is e-Traction in the Netherlands. The acquisition retains the original foreign management team. The Dutch company will serve as the global R&D center of Tate Electromechanical, responsible for the basic business. R&D; followed by the 2400-square-meter application R&D center in Shanghai Anting, responsible for localized application development and marketing; and the Jingmen plant in Hubei will be mass-produced by the end of 2017. The first phase is to 2018. Achieving 20,000 sets of production, the future goal is to become the world's largest supplier of wheel motors.
In terms of marketing, Tate Electromechanical plans to closely cooperate with the parent company Tianhai Synchronous Group to first occupy the new energy commercial vehicle market such as domestic buses and logistics vehicles through localized research and development and promotion of products, followed by agricultural machinery, industry and high-speed rail. In other areas, the market share has been expanded, and the Tianhai Synchronous Group has been assisted to enter the European market more deeply.
For the acquisition, the industry has given a high evaluation. Xu Bingjin, president of China Europe Economic and Technical Cooperation Association, said: "This is a successful case for Chinese companies to master the high-end technology of core components." Meanwhile, Li Shengqi, secretary-general of China Automotive Automatic Transmission Innovation Alliance, said: "The market leading power of new energy buses in China The technology is also in China. After this wholly-owned acquisition, we have a full voice. After the acquisition, we can achieve win-win cooperation and catch up with the Chinese bus industry and the motor industry."
In recent years, in the new energy wave that is popular all over the world, the development of new energy vehicle power system can be divided into three stages. The first generation is the central motor centralized drive technology, the second generation is the wheel motor technology, and the third generation is the wheel hub. Motor technology. Compared with the previous two generations of technology, the hub motor technology has many advantages such as higher efficiency, energy saving, light weight, and miniaturization. It can effectively solve the problems of new energy vehicle cost and energy consumption, and is a future application trend.
Based on this, some people believe that the hub motor is the ultimate solution for pure electric vehicles. This technology changes the car from a central drive to a distributed drive, eliminating transmission components such as transmissions, drive shafts and differentials. The power, transmission and braking devices are integrated into the hub, which realizes the integration of new energy vehicle engines and transmissions, from mechanical drive to electric drive. This is like Jobs believes that tapping the screen must use a finger instead of a touch pen, which is the most direct and efficient way to drive.
In terms of market feedback, at present, large bus companies have shown strong interest in Tate Electromechanical and are actively preparing to develop prototypes. Industry insiders expect that industrialization will be realized after three or four years. Once large-scale promotion, the current urban public transportation ecology will be reshaped, reduce the application of transmission, challenge the traditional industrial chain, and the technical advantages of e-Traction in electronic control. It will improve China's electronic control capabilities for batteries, motors and complete vehicles.
In a certain sense, this merger will drive the overall shift of the industrialization of the hub motor technology, and a new era of industrialization reform of China's new energy vehicle transmission system has arrived.

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