Founded in 2015, Zero-Run Auto mainly focuses on the mid-to-high-end mainstream new energy vehicle market with prices ranging from 150,000 yuan to 300,000 yuan, and has delivered three models in the past three years. The data shows that the number of deliveries of zero-run cars in a single quarter has gradually increased, from 473 units in the third quarter of 2019 to more than 17,000 units in the fourth quarter of 2021.
The prospectus shows that with the gradual increase in sales, the revenue of zero-run cars has also increased year by year. The total revenue of ZeroCar in 2019, 2020 and 2021 was approximately RMB117 million, RMB631 million and RMB3.132 billion, respectively. In terms of specific businesses, the sales revenue of cars and parts of zero-running cars in 2021 will be about 3.058 billion yuan, while the sales revenue of automobiles and parts of zero-running cars in 2020 and 2019 will be about 616 million yuan and 117 million yuan respectively.