On February 23, Beijing Youdian Technology Co., Ltd. (hereinafter referred to as "Youdian Technology"), a new energy vehicle replacement service provider, announced the completion of a new round of strategic financing of tens of millions of yuan.
This round of funds is exclusively invested by Panasonic (China) Co., Ltd. (hereinafter referred to as Panasonic (China)).
Founded in August 2017, the core team of Youdian Technology is all from the automotive industry, adhering to the mission of "promoter of the electric automobile era", committed to the popularization of new energy vehicles, and providing support for the whole life cycle management of new energy vehicles.
As an innovative company in the new energy automobile industry, Youdian Technology received angel investment from Innovation Factory, Fuqi Investment, Shunwei Capital, Aodong Investment and Auto Industry Hui Capital in the early days.
The company brings together the talents and experience of the three major sectors of vehicle manufacturing and circulation, battery manufacturing and circular economy, e-commerce and travel services to empower the industry, and finally realize the vision of making clean energy serve better travel.
Chairman of Panasonic (China) Tetsuro Honma (middle)
Shi Xi,CEO of Youdian Technology (left), and Wang Kai, CTO of Youdian Technology
Shi Xi, co-founder and CEO of Youdian Technology, said that this round of financing will be mainly used to strengthen product research and development, technology upgrading, platform construction, accelerate market expansion, and improve service capabilities.
The company will work with automotive industry partners to further improve the life cycle guarantee system of new energy vehicles and promote the landing of industry applications.
At present, the automobile industry is experiencing a transformation from the old era to the new era, with the slowdown in the growth rate of domestic new car sales, the proportion of new customers declining, China ushered in the era of car exchange, the annual car exchange ratio has exceeded 40%.
At the same time, domestic new energy vehicles have entered a stage of rapid development, and the sales growth rate far exceeds that of traditional fuel vehicles.
In 2021, domestic new energy passenger car sales reached 2.989 million units, an increase of 169.1% year-on-year. The substitution effect of new energy vehicles on the fuel vehicle market is gradually emerging.
However, new energy vehicles have always lacked a unified and fair evaluation and pricing system, although the technology update is faster, but the data of each link of the vehicle has not been opened, the car dealers lack new energy vehicle trading experience, the user lacks the purchase channel of new energy second-hand cars, which also makes the new energy vehicle retention rate is low, the circulation is not smooth, and it is difficult to change the overall status quo of the industry to solve the problem of a single link.
As a new energy vehicle exchange service provider, Youdian Technology starts from the digital characteristics of new energy vehicles, in view of the different roles and problems in different links in the exchange market, creates a comprehensive solution for the linkage of new cars and second-hand cars, and provides end consumers with one-stop guarantee services of unified standards, transparent information, cross-brand, omni-channel, old car repurchase + new car sales, so that the customer acquisition, evaluation, exchange and disposal links of the electric vehicle market are more smooth.
In the new car sales stage, Based on the vehicle residual value prediction model, Youdian Technology provides car owners with residual value locking services for different periods, and provides online assessment and exchange services in the old car exchange stage to help users achieve seamless connection between old cars and new car transactions and improve vehicle circulation efficiency.
At present, Youdian Technology has formed a high competitive barrier, not only the vehicle residual value model has been recognized by insurance companies, but also created a value assessment system for new energy vehicles and built a moat for enterprises.
Youdian Technology continues to increase its technical application and promote the creation of a mature vehicle intelligent analysis service platform, which is forming the long-term commercial potential of the circular economy of new energy vehicles in the future.
In the future, Youdian Technology will cooperate with the ecological force of the new energy vehicle value chain to build a transparent, cross-brand, omni-channel new energy vehicle exchange trading platform to provide impetus for the accelerated transformation of the automobile market to new energy.
Tetsuro Honma, Chairman of Panasonic Electric (China), said: "It is a great pleasure to cooperate with Beijing Youdian Technology Co., Ltd. to carry out more in-depth cooperation and exploration in the field of green travel, Youdian Technology is a relatively young enterprise, committed to the popularization of new energy vehicles, this time as the exclusive strategic investor, we hope to lead the low-carbon development of the intelligent travel industry together with Youdian Technology, practice the new concept of Panasonic GREEN IMPACT (green 'intelligent manufacturing' to create the future) environment, and help achieve the goal of double carbon." ”
Zeng Jiajia, head of strategic ecological investment in Panasonic Electric (China) mobile business, said: "U-Electric Technology focuses on solving the pain points that hinder the circulation and popularization of electric vehicles such as the opaque and residual value deviation of the current second-hand electric vehicle market, and successfully develops a residual value prediction model for electric vehicles by using the digital characteristics of new energy vehicles, which provides a very good solution for OEMs, insurance companies and car owners.
The strategic investment in Youdian Technology is in line with Panasonic's code of conduct and vision to promote the development of the green, low-carbon and intelligent travel industry. Panasonic will join hands with U-Electric Tonic to carry out deeper cooperation and exploration in the field of intelligent and green travel in the future. ”