Nowadays, besides the ideal, there is another United car (Nezha Auto).
Yesterday, the explosion of Nezha Auto has officially started the C round of financing, and it is planned to be listed on the Science and Technology Innovation Board on 202 1. For this news, the relevant person in charge of Nezha Automobile also responded without hesitation. "The news is true."
The five characters "The news is true" once again put Nezha Automobile on the news hot search "After Weilai Automobile and Li, Nezha Automobile will become the third new car-making enterprise listed in China".
It seems that whenever new forces build cars, listing abroad has become the only way at present. Just like studying abroad, I plated myself with a layer of gold, and I was particularly favored when I came back. But is this really the case?
Enthusiastic about overseas listing
Speaking of the wind of overseas listing of new car-making forces, it should originate from Weilai.
Weilai, founded on 20 14 1 1, made an IPO to the US Securities and Exchange Commission in August of 20 18, and successfully listed on the new york Stock Exchange in September of the same year. Compared with the timetable that it took nearly ten years for Easy Car Network to go public in the United States, this time Li Bin's Weilai car went public like a rocket.
If you want to ask why?
There is only one answer. Weilai was short of money at that time.
Li Bin must obtain more funds through capital means to maintain Weilai's survival. It is reported that through IPO, Weilai obtained more than $654.38+0 billion in financing. Perhaps it is the successful listing of NYSE that makes Weilai gradually mature from an incomplete car company.
This successful case has almost become a template for domestic new car companies. For Nezha automobile now, they are heading for the original road of Weilai.
"Brand comes first, products come last, and foreign capital is easy to get started", which is the formula of netizens on how to master the correct and successful listing of new power vehicle enterprises.
Whether it will work or not, only car companies know.
Almost at the same time as Weilai, Nezha Automobile (founded at 20 14 and 10) currently has two models, and its headquarters is located in Tongxiang, Zhejiang, with a registered capital of13.93 million yuan.
According to Tianyan's data, Nezha Auto has gone through four rounds of financing. The latest one was from 2065438 to July 8, 2009, including Honghui, Jinhe Equity Investment, Tourism, Tongxiang Tongzhong Investment Management and other investment institutions. At present, the company's total public financing exceeds 6.25 billion yuan.
As early as last year, when Nezha U appeared at Guangzhou Auto Show, Zhou Jiang, vice president of He Zhong Company, made an analysis of the overall sales of Nezha cars. "Whether online or offline, projects such as the Cloud Sea Plan and the opening of a brand experience center are all preparing for the listing of Nezha U."
From June to June, there were 65,438 vehicles, and the cumulative sales volume of Nezha vehicles exceeded 5,002 vehicles, up by 13% year-on-year, ranking third among the new power automobile enterprises. Relatively stable sales also increased horsepower for listing. However, no matter how the sales of new car companies increase, it is still not as good as Tesla's monthly sales of over 10,000.
Open source and reduce expenditure, scrimp and save money are still one of the core survival means of most new car companies.
Therefore, it is not difficult to understand that in order to solve the funding problem, new force car companies will be anxious to carry out IPO.
Overseas listing is the most effective and quickest way to obtain capital.
According to The Wall Street Journal 20 18, there are as many as 487 registered electric vehicle manufacturers in China. By the end of 20 18, the overall financing scale of new car-making forces has exceeded 1000 billion yuan.
Even affected by the epidemic, the current overseas IPO is still "popular fried chicken".
Loose foreign approval, high valuation of Internet and high-tech companies, short time to market, no need to queue up and low cost have become one of the important reasons for new car companies to "cluster" and choose overseas listing.
In addition, investors in overseas markets like to listen to stories, and the dream of new car companies is just to their appetite, so there is a saying that "brand comes first, products come second, and foreign capital is easy to get started".
However, after the financial fraud of Credit Suisse's coffee, it seems that the arrival of China capital is not welcomed at the door of overseas IPO, and another crisis of confidence has begun.
Capital trust
Why do you say "once again"?
According to verifiable data, there was a credibility crisis at the beginning of 20 1 1.
20 1 1 At the beginning of the year, a large number of Chinese stocks were publicly questioned by short-selling institutions and exposed to financial fraud, which led to a sharp drop in Chinese concept stocks that year. In this public questioning, many Chinese stocks were forced to suspend trading or even withdraw from the market.
The data also shows that in the first 1 1 month of 20 1, as many as 28 Chinese concept stocks were delisted from the US main board market. In the following six months, only China enterprises will be listed on the NYSE.
This credibility crisis, which lasted for nearly a year, made China Stock Exchange enter a long cold period, and global stock exchanges also had extreme distrust of China Stock Exchange.
I thought that time could cure everything, but the Swiss coffee incident once again provoked doubts about capital trust.
Unconsciously, financial fraud is affecting the overseas IPO of new power car companies.
Analysts in the automotive industry believe that "the coffee incident at Credit Suisse Bank in Switzerland is like a domino, which will increase the IPO difficulty of new car-making forces to a certain extent."
Xu Lei, CEO of JD.COM Retail Group, also made similar remarks online. Xu Lei said, "This' rat shit' in China stock market has a destructive impact on the image of China enterprises, and the negative impact on China start-ups is far-reaching."
In the knockout round of the new forces to build cars, the remaining 3+3 car companies are gradually forming the pursuit of the first and second echelons. Although the products of the new power automobile company are different, the main source of capital is almost the same-the financing of investment institutions is the main blood of the new power automobile company at present.
In addition to being lucky enough to be linked with government investment, financing and IPO are the only way for new car manufacturers.
Building a car is burning money.
Today, Tesla, which is proud of it, is also experiencing the stage of burning money, financing and near "destruction" and stepping onto the throne of the world's largest car company by market value.
Since the market value of Tesla surpassed Toyota in early July, Tesla's share price has been leaping forward. Recently, the highest share price of Tesla approached $65,438+0,800, with an increase of nearly 260% during the year.
In the domestic new energy market in June, the sales volume of Tesla Model3 continued to exceed 1 10,000 vehicles, accounting for 23% of the total sales volume of the industry. Model3 with a monthly sales of 654.38+0.5 million vehicles has almost become the object of worship of new car companies.
Even so, Tesla still faces the same dilemma as the new energy automobile company. It hopes to turn losses into profits and achieve a balance of payments.
Did you find out? It seems that every new car company goes the same way.
They burn money for research and development and channels; They all expect more in "saving money", complete their dream of building a car in burning money, find rich people without profit, and finally decide that IPO will live longer.
In this game where the game route has been set, as spectators, we only need to estimate which car company will complete the IPO in the shortest time and embark on the peak of life.
For new car companies, this is undoubtedly a protracted war. Instead of always saying "to beat Tesla", it is better to seriously consider whether your IPO is successful and how to survive smoothly.
At the moment when the car explosion will start the C round of financing, Xpeng Automobile officially announced that "Xpeng Automobile has completed the C+ round of financing of nearly 500 million US dollars, and the main investors are Aspex, Coatue, Gaoyao Capital and Sequoia China."
Yes, there is another Xpeng Motors that is also going to IPO.
As early as last year 165438+ 10, when Xpeng Motors just got the $400 million Series C financing, He Xiaopeng once said that "Series C financing is in progress." At the same time, 47 shareholders of Guangzhou Orange Line Zhidong Automobile Technology Co., Ltd., the operating entity of Xpeng Motors, pledged all the shares, and the pledgee was Guangdong Xpeng Motors Technology Co., Ltd., which was regarded as the VIE framework of Xpeng Motors' overseas IPO at that time.
It seems that in the second half of this year, the IPO journey of new power car companies has begun to be busy.
Text/fruit
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.