OptimumNano And Innovation Alliance Reached A Strategic Cooperation With State Bank Leasing Up To 20 Billion Yuan

- Dec 20, 2017-

OptimumNano and Innovation Alliance reached a strategic cooperation with State Bank Leasing up to 20 billion yuan

On December 18, OptimumNano Co., Ltd. (hereinafter referred to as "OptimumNano"), China OptimumNano New Energy Vehicle Industry Innovation Alliance (hereinafter referred to as "Innovation Alliance") and State Bank Financial Leasing Co., Ltd. Hereinafter referred to as "Bank of China Leasing") signed a strategic cooperation framework agreement in Shenzhen with a total cooperation scale of up to 20 billion yuan. The three parties will launch an all-round cooperation on the production and sales of new energy power battery and sales and operation of new energy vehicles to promote the development of OptimumNano and Innovation Alliance in an all-round way and jointly guard against financial risks. Li Meng, director of Pingshan District Economic and Technological Promotion Bureau, Ai Yang, vice president of BOC Silver Leasing, Li Yao, chairman of OptimumNano Innovation Alliance, Li Yao, chairman of OptimumNano Group and Zhu Jinling, vice chairman of OptimumNano Group, attended the signing ceremony ceremony.

CDB Leasing said at the signing ceremony that the company is very optimistic about the prospects for the development of new energy vehicles in the field and hopes to take this opportunity to achieve a full range of advanced cooperation between new industrial groups and financial leasing companies through a combination of industry and finance aims.

BOC Leasing is a non-bank financial institution approved by China Banking Regulatory Commission (CBRC) and controlled by China Development Bank. It is also the only leasing business platform and an important strategic business segment of China Development Bank. The company was established in 1984 and listed on the Hong Kong Stock Exchange in July 2016. It is the first listed financial leasing company in China and one of the most influential financial leasing companies in the country. Leasing companies involved in aviation, urban infrastructure, transport infrastructure, energy infrastructure, ships, vehicles, construction machinery and other fields, over 20 countries and regions.

According to the cooperation agreement signed by both parties, BOCOM Leasing and OptimumNano will exert their respective advantages in financial and industrial development. Through the combination of strength and strength, we will build a power plant for the expansion of OptimumNano, manufacture and sale of new energy vehicle power battery, and raw materials Procurement and other aspects of cooperation to jointly create a new pattern of development of China's new energy automotive industry.

According to the agreement, BOC Leasing will cooperate with OptimumNano in fixed assets leasing and new energy passenger car leasing within the next 5 years on the scale of not less than RMB 12 billion. CDB Leasing will actively carry out equipment leasing business with OptimumNano Inc, including equipment purchase financing for new capacity and post-sale leaseback of stocking equipment, support for OptimumNano's construction of plants around the country, upgrading of production lines and financial support needed to revitalize existing assets service. At the same time, we focus on the financial leasing business of new energy buses and support the development of OptimumNano in the field of vehicle operation.

In addition, the agreement also agreed that CDB Leasing will support the development of logistics operations of the OptimumNano Innovation Alliance and the leasing cooperation in the field of vehicle manufacturers' sales and enterprise equipment assets at a scale of not less than RMB8bn .

As of November 2017, the Ministry of Industry and Information released the recommended directory, the number of OptimumNano battery matching models reached 211, ranking second in the industry.

This BOCOM leasing and OptimumNano's financial leasing cooperation is another important exploration of the innovative financing mode of the new energy automobile industry. It is also another powerful measure for the financial market to support the real economy. With the funding provided by CDB Leasing, Watermark's national strategic layout will also be accelerated to promote the new energy automotive industry in China to achieve overtaking at an early date.