Authoritative, in-depth and practical financial information is here
The fastest growing zero-run technology in the recent growth of China's new car-making forces is about to sprint hong Kong stocks.
On March 18, Zhejiang Zero Run Technology Co., Ltd. confirmed that it has submitted a listing application to the Hong Kong Stock Exchange, the co-sponsors are CICC, Citi, JPMorgan Chase and CCB International, and the main investors of Zero Run include Sequoia Zhisheng and Shanghai Electric Hong Kong.
It is worth noting that Zhu Jiangming, the founder of Zero Run, is also the founder of Dahua Shares, an A-share security leader, who previously claimed that the company's self-driving technology will surpass Tesla within three years.
Deliveries grew the fastest among the new powers
According to the prospectus, Zero Run Technology was founded by Zhu Jiangming in 2015, and the company independently developed the core system of intelligent electric vehicles and all the key software and hardware in electronic components. The prospectus quoted Frost & Sullivan as saying that the company is currently the only emerging electric vehicle company in China with global independent research and development capabilities.
The prospectus also shows that the total revenue of Zero Run Technology in 2019, 2020 and 2021 was 116.9 million yuan, 631.3 million yuan and 3.132 billion yuan respectively, and the annual losses attributable to the company's equity holders in the past three years were 901 million yuan, 1.1 billion yuan and 2.8457 billion yuan, respectively.
Among the new forces of Car Manufacturing in China, zero-run delivery is currently growing at the fastest rate. In the whole year of 2021, zero-run delivered a total of 43,748 electric vehicles, an increase of 443.5% year-on-year. In February 2022, zero-run delivered 3,435 electric vehicles, an increase of 447% year-on-year.
In terms of new energy vehicle products, Zero Run mainly focuses on China's mid-to-high-end mainstream new energy vehicle market with prices ranging from RMB150,000 to RMB300,000, which the prospectus says will become the largest and fastest growing new energy vehicle segment by the end of 2023. According to Zero Run, the company plans to launch eight new models by the end of 2025 at a rate of one to three models per year, covering sedans, SUVs and MPVs of various sizes. Zero Run also plans to launch a smart pure electric medium and large sedan C01 in the second quarter of 2022, and delivery will begin in the third quarter of 2022.
Ranking of China's major intelligent new energy car manufacturing power companies in February 2022 delivery data
The second venture of the founder of the security leader
It is worth noting that Zhu Jiangming, the founder of Zero Run Technology, is an engineer with more than 30 years of experience in the field of electronics and artificial intelligence, and the co-founder of dahua shares, a leading A-share security company, Dahua shares and Hikvision, which is headquartered in Hangzhou, have been in the top three of the global security industry for many years.
"The global market for the security industry is limited and cannot be monopolized by one company, and the cake of the automotive industry is large enough." Zhu Jiangming previously told the Shanghai Securities Daily reporter that in 1992, he and his entrepreneurial partners started from five thousand yuan, and after 30 years of efforts, Dahua has become a technology company with a market value of 50 billion, and he wants to lead the new team to cut the bigger "cake" of the intelligent new energy automobile industry. In 2021, Zhu Jiangming has resigned from all positions of Dahua shares, saying that he will devote all his attention to zero-run cars.
According to the analysis of industry experts, Dahua Co., Ltd.'s previous main business was the research and development, production and sales of security video surveillance products, and at the same time, it also explored new business models such as VR/AR, intelligent robots, and intelligent automotive electronics, and made good use of these business resources to develop intelligent new energy vehicles with zero running. In addition, Fu Liquan, chairman of Dahua Co., Ltd., encouraged the employees of Zero Run Automobile in 2020 and promised: "Regardless of the external environment, at least guarantee that Zero Run will be alive for 3 years." ”
"Zero Run is very confident in self-driving technology, and it is expected to achieve full-scenario autonomous driving technology in 2024, surpassing Tesla in three years." Zhu Jiang opened his speech a few days ago.
Cui Dongshu, secretary general of the Association, analyzed the Shanghai Securities Daily reporter that it is understandable that zero-run cars have previously relied on the support of Dahua shares of listed companies with strong strength. However, the competition of new car-making forces is very fierce, and the future may enter a new round of knockout rounds, and zero running needs to further enhance its strength through listing financing.
Zhu Jiangming and Zero Run are currently mainly selling the zero run C11
Editor: Guo Chenglin Proofreader: Feng Wenjun
Photo Editor: Zhao Yanyi Producer: He Yongxin
Editor-in-charge: Zhang Xiaoguang Producer: Pu Hongyi
Issued: Pan Linqing