On January 24, Bloomberg quoted people familiar with the matter as saying that Nezha Automobile was seeking to raise about $500 million before the Hong Kong listing this year. The person familiar with the matter said, "The valuation of Nezha Automobile in this round of financing is about 45 billion yuan (US$7.1 billion), and Nezha Automobile will conduct an IPO as early as the second half of this year." ”
However, this is not the first time that the news of Nezha Automobile's IPO has been reported, and in 2021, it has been reported that Nezha Automobile is considering a $1 billion Hong Kong IPO and will cooperate with an advisory firm on its potential IPO plans.
In the eyes of the outside world, Nezha Automobile has reached the time for an IPO.
In 2021, Nezha Automobile delivered a total of 69,674 vehicles, an increase of 362% year-on-year. Among them, the delivery volume of Nezha automobiles in December was 10,127 units, an increase of 236% year-on-year, and the sales volume exceeded 10,000 for two consecutive months, achieving a sales counterattack.
At the same time, Nezha Automobile is also accelerating the operation of the capital level, in the second half of 2021, Nezha Automobile obtained a 4 billion yuan D1 round of financing led by 360, and CATL will participate in the D2 round of financing, as of now, Nezha Automobile has completed 9 rounds of financing, and the latest public valuation reached 32 billion yuan.
On the 8th of this month, Nezha Automobile also ushered in the roll-off of the 100,000th mass production vehicle. At this milestone moment, Nezha Automobile also revealed its development plan for 2022 to the outside world.
According to the plan, in 2022, Nezha Automobile will focus on building the first model of the Shanhai platform - Nezha S, which will strongly support Nezha Automobile to enter the first- and second-tier markets. It is understood that as a heavy product of Nezha Automobile in the field of digitalization, the B-class digital electric coupe Nezha S will provide two versions of range extender and pure electric, and will fully enter the European market after being listed at the end of 2022, thereby accelerating the process of Nezha Automobile's globalization strategy.
At the same time, facing the global development, Nezha Automobile released the Nezha V right-hand drive version of the model for overseas markets, officially announced "going to sea", and it is expected that the model will officially open the expansion and layout of the Southeast Asian market in the first half of 2022.
The clear layout also amplifies the need for funds of Nezha Automobile. However, it is not only Nezha Automobile that intends to go public in Hong Kong this year and continue to raise funds in the "secondary market". At present, in addition to Xiaopeng and Ideal, who were listed in Hong Kong on July 7 and August 12, 2021 respectively, Weilai, Zero Run, and Gaohe have more or less reported the news that they will IPO in Hong Kong.
At this time, the first step in Hong Kong IPO may obtain a better financing environment, but it has to be mentioned that the first day of the listing of Xiaopeng, the "first stock of the new car-making force" in Hong Kong, has also made the industry realize that the domestic capital market has become more and more rational. This also means that from the perspective of Nezha Automobile, it needs to have more space to support the imagination of stock prices and market capitalization.