On January 24, representatives of 13 enterprises in this round of capital increase witnessed the official signing of the B round of financing of Chongqing Changan New Energy Automobile Technology Co., Ltd. (hereinafter referred to as "Changan New Energy") in the form of on-site attendance or online participation. At this point, the B round of financing work started by Changan New Energy in 2021 was declared a complete success after a year, and finally raised 4.9773 billion yuan, exceeding the planned financing of nearly 2 billion yuan.
The B round of super-raised funds is nearly 2 billion yuan
The upstream news reporter learned 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 multiple 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.
Among them, 97 employees held shares, with a total investment of 117.3 million yuan, and 734 people invested in the C385 and A158 projects, with a total investment of 31.7 million yuan.
A variety of new energy vehicles "on the road"
Changan New Energy was established in 2019, with cumulative sales of 156,000 vehicles in 2019-2021; in 2021, Changan New Energy's sales exceeded 100,000 units, an increase of nearly 300% year-on-year, ranking first in the industry.
Deng Chenghao, general manager of Changan New Energy, introduced that at present, Changan New Energy has developed 4 series of vehicle products such as Benben EV and Yidong EV460.
"We have a pure electric drive platform EPA1 with completely independent intellectual property rights, and the first product built on this platform, C385, its first fully loaded prototype was rolled off the production line in December." Deng Chenghao said that the new car is equipped with APA 7.0, super-collector electric drive, L3+ advanced assisted driving, and will be launched this year.
In terms of core technology mastery, Changan New Energy has mastered more than 200 breakthrough innovative technologies. 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.
Deng Chenghao said that 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 the sales volume of 700,000 vehicles in 2025 will be the goal, and will quickly launch C385, C673, A158 and other products. "The annual sales volume of a single series is 150,000-200,000 vehicles, and a new marketing model of 'online APP + official experience center + direct store' is built."
The next 3-5 years will become a "watershed"
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.
Since taking the first step in 2001, Changan Automobile has been deeply engaged in the new energy automobile industry for more than 20 years, and has gone through three stages: technical research, market-oriented promotion and market-oriented operation.
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, and in 2019, The A round of financing plan of Changan New Energy 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.
Wang Jun, president of Changan Automobile, said that the landing of Changan New Energy's B round of financing will inject new impetus into Changan New Energy's opening of a new round of industrial competition.
According to its strategy, 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 an intelligent automotive super digital platform for users with full scenario services - SDA architecture; will quickly launch 5 pure electric products, and is committed to becoming a "leader in 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, and a full scene on the ground" of a whole new business model.
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%.
Upstream journalist Yan Wei