Eco Concept Ltd

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    Windy
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    Eco Concept Ltd

    Post by Windy on Thu Oct 15, 2009 12:06 pm

    LDV Birmingham factory bought by MG Rover advisor Qu Li


    The Chinese/UK businesswoman Dr Qu Li, chairman of the automotive consultancy China Ventures has bought LDV’s assets – and looks set to move the operation to Longbridge.

    Dr Qu Li’s Eco Concept Ltd has been named as the buyer of the collapsed Birmingham van manufacturer, ending a marathon nine weeks of negotiations.

    But the deal brings an end to more than a century of manufacturing at Washwood Heath, and marks the death knell for hundreds of West Midland jobs.

    The new agreement heightens fears that van production could be sacrificed to China in a "lift and shift" operation similar to the MG operation at Longbridge, now owned by Shanghai Automotive Industry Corporation.

    SAIC are understood to form a key element of the new plans for the van-maker, with some sources suggesting main assembly will take place in China and only a limited presence in the West Midlands.

    A statement said Dr Li’s Eco Concept Limited, a special vehicle engineering company, had reached agreement to acquire the assets of LDV, clearing the path for an entirely new business.

    Eco Concept plans to start a new company producing and assembling low volume specialist light commercial vehicles. It is hoped vehicle trials will begin within 18 months.

    Around 200 staff are to be employed at the new business, which is likely to be relocated to Longbridge, currently home of SAIC-owned MG UK.

    LDV collapsed in early June with debts of £75 million and the loss of more than 800 jobs following a dramatic slump in the commercial vehicle sales sector.

    Now a former LDV manufacturing director, Clive Griffiths, has been appointed as chief executive to run the new company.

    Mr Griffiths said: "Following intensive due diligence, the directors of Eco Concept are pleased to confirm the exchange of contracts for our purchase of the assets of LDV. Formal completion of the transaction should occur within the next four weeks.

    "We propose to start a new business, utilising retained production facilities at a new location in the Midlands, to focus on low volume, specialist vehicle production, starting small, targeting steady growth in a niche section of the market.

    "Vehicle trials should start within the next 18 months with projected sales rising to initially 2,000 units per year and employing in the order of 200 staff.

    "We will utilise our special overseas connections to help develop fuel-efficient power trains as well as securing certain low cost components.

    "Van production ceased at the Washwood Heath site 10 months ago, after which a company restructuring was attempted; but this failed and it moved into administration in June this year.

    "The current site’s production facilities are designed for high volumes of 80,000 vehicles per year. In reviewing its size, condition and cost structure we have concluded that it would not meet our ongoing needs and therefore it is not viable to continue at this location."

    Dr Li, chairman of the automotive consultancy China Ventures, said: "I am very pleased that negotiations with the administrators have reached such a successful conclusion, and furthermore I can confirm that we have secured co-operation and ongoing support from a number of international automotive manufacturers and distributors."


    Story from: http://www.birminghampost.net/birmingham-business/birmingham-business-news/automotive-business/2009/10/16/ldv-birmingham-factory-bought-by-mg-rover-advisor-qu-li-65233-24942315/
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    Windy
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    Re: Eco Concept Ltd

    Post by Windy on Thu Oct 15, 2009 12:38 pm

    It is good to see government support for electric and hybrid vehicle technology

    I wonder if the UK government will provide some support too


    Jiangsu new energy automotive industry

    The energy-saving and environmental requirements become more urgent, so seize the opportunities for development, strengthening project to promote the development of new energy vehicles technologies and products is a top priority in Jiangsu automotive industrial restructuring.

    "Grasp the development of new energy vehicles Development Plan, prepare for the establishment of new energy vehicles, Jiangsu Province, and Industrial Technology Alliance, and create a number of new energy vehicles, and organizing the implementation of transformation projects, the promotion of new energy in Jiangsu to promote the use of demonstration vehicles." Recently, from Jiangsu Province, to speed up the development of energy-saving and new energy vehicles have been put on the agenda, Jiangsu Province, the new energy automotive industry is ready for enactment.


    It is reported that Nanjing Automobile Group is to accelerate research and development with independent intellectual property rights, MG hybrid vehicles by 2011 to complete development and commercialization of technological transformation adaptation to form an annual output of various types of hybrid vehicles with a capacity of 45000; Nanjing Iveco accelerate the development of use of power lithium battery-powered electric light buses, fighting for the market this year; NAC Special Purpose Vehicle to 4-11 seat electric car named the 2010 World Expo venue car as an opportunity to accelerate the pace of technological transformation, the formation of 2000 production capacity; Nanjing based implementation of the technological transformation of existing R & D to form an annual output of 20000 sets of Li-ion battery-powered system capabilities for urban public transport and small passenger electric vehicle.

    It is learned that Jiangsu Province scientific and technological development in the province also plans to schedule a certain percentage of special funds, focusing on support for new energy vehicles common technology platform and product development R & D platform construction, speed up the development of key core technologies and vehicle products. Provincial energy conservation and development of circular economy and guide the special fund will also develop energy-saving and new energy vehicles to give key support. Meanwhile, Jiangsu also encourage and support private technology enterprises involved in energy conservation and new energy vehicles and parts research and development, to promote energy conservation and new energy vehicles industrialization. Nanjing, Wuxi, Suzhou, Nantong and other cities are reported to national authorities to strive for additional energy-saving and new energy for the state vehicle demonstration project pilot cities. Meanwhile, Jiangsu Province also plans to give priority to the use of energy-saving and new energy vehicles in city, building electric car charging network rapidly accelerate the car parks and other public places, public charging facilities
    http://news.china.com.cn/chinanet/07news/china.cgi?docid=16445298945273102346,8327523413577399878,14141528057582849965,8327523413577399878,0&server=202.108.4.92&port=6666
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    richardk

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    Re: Eco Concept Ltd

    Post by richardk on Thu Oct 15, 2009 1:13 pm

    Very interesting..here comes the Morris van?
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    Windy
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    Re: Eco Concept Ltd

    Post by Windy on Thu Oct 15, 2009 1:33 pm

    richardk wrote:Very interesting..here comes the Morris van?
    And an Austin Lorry or two?

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    patpending

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    Re: Eco Concept Ltd

    Post by patpending on Fri Oct 16, 2009 3:29 am

    don't even take me to Opel Blitz territory...

    so we may have Freight Roewe after all. Sir Clive Sinclair and Shai Agassi both love electric cars.... whatever next?

    PS I can spell "Jiangsu" in Chinese. 苏 (apparently that's just "Soo", but the panda off Sooty is appropriate!)
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    Windy
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    Re: Eco Concept Ltd

    Post by Windy on Fri Oct 16, 2009 4:13 am

    patpending wrote:Sir Clive Sinclair and Shai Agassi both love electric cars.... whatever next?
    Shai Agassi on the colapse of the petrol car market and why you should no longer buy a new one: http://www.themonthly.com.au/shai-agassi-future-electric-car-1833
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    Windy
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    Re: Eco Concept Ltd

    Post by Windy on Thu Oct 22, 2009 12:50 am

    richardk wrote:Very interesting..here comes the Morris van?
    Thinking about Austin and LDV, I've just read an article on the Austin LD Van range, apparently "sold under both the Morris and Austin banner", maybe we can have both back!

    http://www.austinmemories.com/page67/page72/page72.html

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