Recently, Lantu Automobile received credit of 15 billion yuan from several banks. On June 13, Lantu Automobile officially signed a bank-enterprise strategic cooperation agreement with Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Bank of Communications, China CITIC Bank, and China Merchants Bank. At the same time, Lantu Automobile also signed a strategic contract with Wuhan Economic Development Investment Group. The two parties will give full play to their own advantages and carry out extensive cooperation in various fields such as park development, asset management, and green travel, and jointly seek greater development opportunities. This strategic cooperation further reflects the market’s confidence in the development of Lantu, and is a full affirmation of Lantu’s hard and soft power. It will also provide stable resources and strong support for Lantu’s high-quality development.
It’s not a good idea.Landmap Auto Bank-Enterprise Strategic Cooperation Signing Ceremony
At the signing ceremony, You Zheng, member of the Standing Committee of the Party Committee of Dongfeng Company, deputy general manager, and chairperson of Lantu Automobile, said that this strategic cooperation is not only an important practice for Lantu and financial partners to work together to build automobile marketing innovation, but also a practical action to actively promote the high-quality development of the new energy automobile industry. It marks the opening of a new chapter of cooperation between Lantu and financial partners, which will further help Lantu make breakthroughs in innovation and provide stable resources for the development of Lantu’s business.
Qiu Shijie, a representative of the bank partners, Vice President of Industrial and Commercial Bank of China Hubei Branch and President of Wuhan Branch, said that Lantu Automobile integrates Dongfeng’s more than 50 years of vehicle manufacturing technology and superior resources, and is a user-centered technology enterprise. With this signing as an opportunity, Industrial and Commercial Bank of China will closely focus on the development planning of Lantu Automobile, further increase its support for investment and financing, cash management, and supply chain innovation, and continue to deepen strategic partnerships to help Lantu Automobile’s sustainable and high-quality development.
It’s not a good idea.Lantu Automobile and Wuhan Economic Development Investment Group signed a strategic cooperation agreement
Lu Fang, CEO of Lantu Automobile, said that after more than three years of development, Lantu has established a solid development system, forming an independent and controllable full-link system of research, production, supply and marketing, an advanced and complete high-end new energy vehicle production and intelligent manufacturing system, a core technology full-stack self-research system with global competitiveness, and a talent team and organizational system that is determined to reform. Lantu Automobile has obtained bank credit and signed a strategic contract with Wuhan Economic Development Investment Group, showing that the market is optimistic about Lantu’s corporate strength, anti-risk ability and development potential. In the future, Lantu will further increase investment in Product Research & Development and marketing, accelerate the transformation of technology, launch more extreme products, and go down on the new track of new energy vehicles.
It’s not a good idea.Full-stack self-research to create a leading technological advantage with global competitiveness
Lantu insists on positive research and development, builds its own "moat" with technological innovation, and firmly holds the development initiative in its own hands. Lantu strengthens original and leading scientific and technological research, aims to continuously improve the technical level of intelligent cockpit, intelligent driving, new energy and other fields, and uses technological innovation as traction to create an efficient R & D system and institutional mechanism, driving continuous breakthroughs in the fields of electrification, intelligence, modularization, and generalization. A number of industry-leading innovative technologies have been formed, including ESSA native intelligent electric architecture, central centralized SOA electronic and electrical architecture, intelligent driving and cloud platform, developer platform, 800V fast charging, and integrated thermal management module. The core technology has basically realized full-stack self-research. Lantu’s self-developed ESSA native intelligent electric architecture is a multi-power architecture under positive development, shortening the development cycle by at least 12 months. Lantu’s central centralized SOA electronic and electrical architecture is a leading "software-defined vehicle" architecture, which integrates vehicle control, power, intelligent driving, and intelligent cockpit into one, bringing a higher-order intelligent driving experience and more diverse vehicle to everything. Facing the future, Lantu actively develops cutting-edge technologies such as hydrogen power, solid-state batteries, asynchronous motors, and hub motors, and conducts multi-technology roadmap layout to enhance the enterprise’s technical reserve.
It’s not a good idea.Landmap’s first centralized SOA electronic and electrical architecture
Since 2020, Lantu has filed an average of nearly 600 patents per year in less than three years. As of May 2023, Lantu has applied for 2,197 patents in China and more than 50 patents overseas, including 1,820 invention patents. At the same time, it actively participates in major provincial and ministerial-level scientific research projects, such as the research and application development projects of the next generation of autonomous driving, and the results are gradually being applied to Lantu’s mass-produced models. With complete and leading R & D capabilities, Lantu not only guarantees the development plan of one model to be put into production every year, but also helps partners to develop together in new generation information technology, artificial intelligence, new energy, green environmental protection and other aspects through technology sharing.
It’s not a good idea.High-end intelligent manufacturing, building an independent and controllable manufacturing and supply chain system
Due to Dongfeng’s half-century of vehicle manufacturing accumulation and control of cutting-edge production technologies, Lantu has built its own intelligent manufacturing factory, built an automated, flexible, intelligent, and green production system, and relied on Dongfeng’s strong resource integration capabilities to create a complete and high-quality supply chain system, ensuring that production capacity and supply chain safety are firmly in its own hands.
Lantu Automotive Intelligent Manufacturing Base
Lantu’s efficient and intelligent stamping workshop, fully automatic welding workshop, dust-free intelligent and environmentally friendly coating workshop, fully automatic resin workshop and digital final assembly workshop can simultaneously meet the collinear random mixed flow production of 5 models such as cars, MPVs, and SUVs. The automation and flexibility capabilities are industry-leading. Among them, stamping, welding, resin and other workshops achieve 100% automated production. Using 5G and big data technology to integrate production and manufacturing, Lantu builds a digital twin of production that integrates digital workshop and physical workshop. Through technologies such as AVI radio frequency identification, MES system, and key process visualization and key equipment online monitoring, lean production is realized to ensure "zero defect rate" of products.
In terms of supply chain, Lantu focuses on the whole life cycle of automobile production, uses a large number of Chinese ** suppliers, and collaborates with enterprises in Hubei Province and Wuhan to help the transformation and upgrading of high-end new energy automobile industry in Hubei Province, and coexists and evolves with suppliers. Lantu integrates digitization and big data to create an efficiently managed smart supply chain. Through a one-stop service platform, it establishes a lean ordering model and a "networked big logistics" system to build a fast, safe and stable logistics network.
Lantu dust-free intelligent environmentally friendly painting workshop
In the context of the green transformation of the automotive industry, Lantu practices the low-carbon concept, implements green manufacturing throughout the life cycle of the industrial chain, and creates green products. Lantu owns the largest distributed photovoltaic project in Wuhan, and is a pilot unit of the "Pilot Implementation Plan for Extended Producer Responsibility of Automotive Products" jointly issued by MIIT, the Ministry of Science and Technology, the Ministry of Finance, and the Ministry of Commerce. In terms of products, Lantu adopts green materials and manufacturing processes, and establishes a recycling system for scrap cars to realize high-value utilization of scrap car dismantling products, reduce carbon emissions throughout the life cycle of automobiles, and build green ecological solutions.
It’s not a good idea.We are committed to reform to build a high-quality talent team and an efficient organizational system
Since its establishment, Lantu has carried the dual mission of Dongfeng’s brand upward and exploring new systems and mechanisms. It is an important force for Dongfeng Group to promote the in-depth development of state-owned enterprise reform and the high-quality development of state-owned enterprises. In February 2022, Lantu was selected as the "Double 100 Enterprises" of the State-owned Assets Supervision and Administration Commission of the State Council, assuming the important responsibility of pioneering the reform of state-owned enterprises, and playing a demonstration and breakthrough driving role in reform. At present, Lantu builds an agile organization from decision-making to management to execution with systematic capabilities, supports differentiated system construction, and makes the governance structure more scientific and perfect, the operation mechanism more flexible and efficient, and the innovation ability and market competitiveness are significantly improved.
Lantu has developed the advantages of "people" in the planting industry, giving full play to the dynamic role and pioneering spirit of people, and adopting the market-oriented "selection" and "employment" mechanism to create a "golden talent" gathering place. In the construction of R & D talent team, Lantu takes electrification and intelligence as the core direction, gathers high-end fuel vehicle brands, new forces in car manufacturing, Internet companies and other industry cutting-edge talents, and the talent team has been growing year after year; in the construction of marketing talent team, Lantu formulates a special project training plan for marketing talents, and builds an efficient marketing team that supports high-end brand perception and trinity operation capabilities; in the construction of skilled talent team, Lantu vigorously cultivates and promotes the spirit of craftsmen, and emerges national youth job experts, outstanding youth job experts in Hubei Province, Wuhan Yellow Crane talents, Wuhan model workers and other typical grassroots employees; in the construction of management talent team, Lantu closely combines the improvement of system and mechanism reform, and focuses on building a full-cycle evaluation mechanism to effectively improve the management team The quality and vitality.
It’s not a good idea.Lantu Auto has completed the strategic layout of "three cars in three years"
In the face of enterprise digital transformation, Lantu has formed a "6 + N + 1" full value chain digital twin system, which drives business efficient decision-making with data. Focusing on new products and new retail, Lantu has built six digital management platforms, including digital marketing platform, intelligent office platform, technology mid-platform, and enterprise big data mid-platform, to open up internal management links, promote the popularization of visual management mode, create a data-driven, agile and efficient operation and management system, and empower business decision-making for the whole value chain of R & D, supply, marketing and service.
As a user-oriented technology enterprise, Lantu Automobile has always adhered to the development strategy of "brand linkage, co-creation and sharing", and established a system of more than 300 strategic partners, forming a development trend of open development and win-win cooperation. Starting from this round of credit, Lantu will work with more partners to build an innovation highland in the automotive industry, promote the high-quality development of the new energy and intelligent connected automobile industry, and help China’s new energy automobile industry run out of "acceleration".
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