News on February 22, a few days ago, Luxshare Precision announced that it plans to raise 13.5 billion yuan through non-public offerings.It is used for seven purposes, including the construction and technology upgrading project of smart wearable device product production line, the production line construction project of smart car connection system product, and supplementary working capital.
Among them, 3.5 billion yuan will be invested in the construction of smart wearable device production lines and technology upgrading projects; 2.7 billion yuan will be invested in the construction of intelligent mobile terminal precision components production lines; 1.5 billion yuan will be invested in the construction of new energy vehicle high-voltage connection system product production lines.
The investment in the construction project of semiconductor advanced packaging and testing production line is 950 million yuan; the investment in the intelligent mobile terminal module production line project is 2.05 billion yuan; the investment in the production line of intelligent car connection system products is 500 million yuan; and the supplementary working capital is 3.55 billion yuan.
It is worth mentioning that Luxshare has previously announced that it will cooperate with Chery New Energy to carry out research and development and manufacturing of new energy vehicles.
In response, the official response of Luxshare Precision said that the company does not build cars in this strategic cooperation with Chery.It is to cooperate with Chery to develop another new industry – to build good cars for others, that is, the vehicle ODM model.
Luxshare is one of the giants in the Apple OEM industry chain, and it is stepping into Apple’s iPhone manufacturing. At the end of last year, it was reported that Luxshare is building a manufacturing park with an area of 285,000 square meters in Kunshan City, covering an area of In 40 football fields, the total investment is RMB 11 billion,The assembly of millions of iPhones will start as soon as 2022, and the first phase of the new park is planned to be completed by mid-2022.