On January 24, 2022, the signing ceremony of the B round of financing of Chongqing Changan New Energy Automobile Technology Co., Ltd. (hereinafter referred to as "Changan New Energy"), with the theme of "working together to create brilliance", was held at the Liangjiang Tiyuan Hotel in Chongqing, Duan Chenggang, member of the Standing Committee of the Chongqing Municipal Party Committee and secretary of the Party Working Committee of Liangjiang New District, Luo Lin, deputy secretary of the Party Working Committee and director of the Management Committee of Liangjiang New District, and other government leaders, Wang Jun, president of Changan Automobile, Zhang Deyong, chief accountant, and other enterprise leaders. And representatives of 13 enterprises participating in the capital increase attended the meeting on the spot or online to witness another major progress made by Changan Automobile in the new energy development track. So far, the B round of financing work started by Changan New Energy in 2021 has been declared a complete success after a year, and finally raised 4.9773 billion yuan, exceeding the planned financing of nearly 2 billion yuan!
B round of super-raised funds of nearly 2 billion yuan Changan Automobile's new energy development has been fully recognized
It is reported that Changan New Energy's B round of financing work was officially opened in April 2021, originally planned to raise 3 billion yuan, after nearly 200 negotiations, three rounds of screening, identified nine high-quality investors, and then after several rounds of communication, and finally successfully completed the delisting of investment institutions on December 23, 2021. According to the "Announcement on Related Party Transactions of Associated Enterprises Increasing Capital and Expanding Shares by Public Listing" issued by Changan Automobile, the B-round capital increase of Changan New Energy has received investment from 10 units, including Changan Automobile, raising a total of about 4.9773 billion yuan. According to reports, in the process of capital increase and share expansion, Changan New Energy has set strict screening requirements and standards for the selection of investors, and finally can get the result of nearly 2 billion yuan of super-raised funds, which also shows that the development of Changan New Energy has been fully recognized by investors and is full of confidence in future development.
As Wang Jun, president of Changan Automobile, said, the landing of changan new energy's B round of financing has not only injected new impetus into Changan new energy to open a new round of industrial competition, but also opened a new starting point for changan automobile's transformation and upgrading, and will also become another great practice of building a "high-end automobile industry cluster in western China". In the three-year action of in-depth implementation of the reform of state-owned enterprises, it provides a Chang'an sample for the integration of resources of state-owned enterprises and the reform and innovation of capital operation mode.
Deeply cultivating the new energy industry for more than 20 years Changan has accelerated its transformation into an intelligent and low-carbon travel technology company
General Secretary Xi Jinping once pointed out: "The development of new energy vehicles is the only way for the mainland to move from an automobile power to an automobile power." As one of the pioneers and pioneers in the field of new energy vehicles in China, Changan New Energy has been deeply involved in the new energy automobile industry for more than 20 years since taking the first step in 2001. It has gone through three stages of technical research, market-oriented promotion and market-oriented operation, and has rich technical accumulation and historical background.
As early as 2017, Changan Automobile released its new energy strategy, the "Shangri-La Plan", and formulated the "Four Strategic Actions" - 100 billion actions, 10,000 people research and development, partnership plan, and ultimate experience. In 2018, Changan New Energy was established to help Changan Automobile accelerate its development in the field of new energy. In 2019, Changan New Energy's A-round financing plan was completed, and Changan New Energy successfully completed the mixed reform. Changan Automobile also became the first automobile central enterprise in China to spin off the new energy business and develop independently, and the first automobile central enterprise to realize the reform of mixed ownership.
In August 2021, the Changan Automobile Science and Technology Ecological Conference was held. Facing the future, in order to better comply with the trend of accelerating the marketization of new energy vehicles, Changan Automobile, based on the 14th Five-Year Plan, comprehensively accelerates the transformation into an intelligent low-carbon travel technology company and releases the development strategy of "new cars, new ecology".
The strategy clearly states that in the future, Changan Automobile will adhere to no less than 5% of its annual revenue into the field of research and development, create a new "6337" technical capability, will make every effort to build a smart car super digital platform for users in all scenarios - SDA architecture; will quickly launch 5 pure electric products, and is committed to becoming the "leader of the era of digital electric vehicle popularization"; will work with partners to implement low-carbon, digital transformation and upgrading, and build "a cloud in the sky, a network in the air, a platform in the middle, The new business model of "all-scene on the ground" realizes a new future travel ecology of online digitalization, offline scenario-based and service experience.
Within five years, more than 20 new intelligent electric vehicles will be launched to meet the full-scenario needs of new people, and it is planned that by 2025, The sales volume of the Changan brand will reach 3 million vehicles, of which new energy will account for 35%; by 2030, to become a world-class brand, sales will reach 4.5 million, new energy will account for 60%, and overseas sales will account for 30%.
Strengthen products and technical strength to build China's first independent brand of new energy vehicles
Since its establishment in 2019, Changan New Energy has made gratifying achievements in product development, core technology mastery, marketing capability improvement, and talent training. From 2019 to 2021, the cumulative sales volume was 156,000 vehicles; in 2021, Changan New Energy sales exceeded 100,000 units, an increase of nearly 300% year-on-year, and the growth rate ranked first in the industry.
At the product level, we developed four series of vehicle products, including the Ben EV and the Yidong EV460. In 2021, Changan New Energy Benben EV ranked third in the micro-electric market; Changan Yidong EV ranked first in the compact pure electric segment in the J.D.Power 2021 China New Energy Vehicle Product Attractiveness Index Study (NEV-APEAL) with its hard-core product strength. The first product, C385, based on EPA1's new electric vehicle-specific platform, has rolled off the production line in December, and it is also expected that this product, which will receive high attention after its debut, will achieve excellent performance after its listing in 2022.
In terms of core technology mastery, guided by the "Shangri-La Plan", Changan New Energy has mastered more than 200 breakthrough innovative technologies since the A round of financing. During the 14th Five-Year Plan period, it is planned to break through 500 more innovative technologies and add 3,000 patents. Independently developed and built EPA0, EPA1 and EPA2 three industry-leading new dedicated electric vehicle platforms; independently master the development capabilities of the "three electricity" system, launched 0 fire battery, Changan new generation of super-collector electric drive, intelligent vehicle domain controller "Chang'an Smart Core", etc., of which the domestic leading super-collector electric drive system can achieve a weight reduction of 10%, power density increase of 37%, efficiency increase of 5%; independently master the vehicle integration capabilities, fully grasp the platform integration development, modular design, reliability verification, etc., of which the domestic leading super-collector electric drive system can achieve a 10% reduction in weight, a 37% increase in power density, and a 5% increase in efficiency; independently master the integration capabilities of the whole vehicle, fully grasp the platform integration development, modular design, reliability verification, Key technologies such as body, chassis, interior and exterior trim, and electrical appliance development.
Facing the future, Changan New Energy has also planned a new goal, which will be positioned as "the world's first-line mainstream electric vehicle brand" and strive for sales of 700,000 vehicles in 2025 as the goal, accelerating the construction of One of China's top two new energy vehicle brands. Will quickly launch C385, C673 and other products, with high quality, high intelligence level and customer-centric service concept, with a single series of annual sales of 150,000-200,000 vehicles as the goal, detonating the new energy market! It will rely on the core capabilities of Changan Automobile's "core core map cloud net sky" to achieve the domestic leading software definition capability of new energy vehicles, further make the core technical capabilities of Sandian explicit and structured, lay out the forward-looking technology of the industry, and create Changan new energy black technology; through data-driven, in accordance with the "online APP + official experience center + direct store" way to carry out marketing channel construction, accelerate the construction of online and offline direct connection, rapid response and continuous iteration of the marketing system.
According to the analysis, the next 3-5 years is likely to become a watershed in the new energy automobile industry, and market competition will enter the cruel "Spring and Autumn Warring States Era". In the face of the big waves and sand, sufficient financial security and strong technical strength will become the key factors for winning the victory. With the help of the successful B round of financing, changan new energy capital structure is further optimized, and more capital "ammunition" is also reserved for subsequent development, helping Changan new energy to seize the market highland faster under the current fierce competition pattern, and bringing new impetus and new opportunities for the future development of Changan Automobile!