Recently, we learned from relevant channels that Zhejiang Zero Running Technology Co., Ltd., which belongs to Zero Run Automobile, has officially submitted a listing application to the Hong Kong Stock Exchange, and its co-sponsors are CICC, Citi, JPMorgan Chase and CCB International.
This also means that Zero Run has officially opened the road to listing, and because it chooses to be listed on the Hong Kong Stock Exchange, it means that after its listing, it will have a probability of being included in the scope of Hong Kong Stock Connect, and the majority of A-share qualified investors will be able to participate in investment.
In terms of the financial data of Zero Run Technology, as a new car-making enterprise that is still in the stage of development and expansion, its income and loss range are in line with the objective laws of the industry, according to the prospectus, its total income in 2019, 2020 and 2021 is 116.9 million yuan, 631.3 million yuan and 3.132 billion yuan, respectively, and the annual loss attributable to the company's equity holders in the past three years is 901 million yuan, 1.1 billion yuan and 2.8457 billion yuan, respectively.
The data of the simultaneous expansion of the two ends shows that the market for zero-running cars is expanding rapidly, and it is launching an impact on the camp of the head of the new force car.
Sales and capacity data can support this judgment, in 2021, zero-run cumulative delivery of 43,748 electric vehicles, an increase of 443.5% year-on-year. However, recently subject to the problem of lack of cores and battery supply, production capacity is limited, and the delivery data has dropped significantly; however, the production capacity of self-built factories has gradually expanded from zero running, and many core spare parts can achieve self-sufficiency, including the self-developed self-production of core autonomous driving chips, it can be expected that the capacity bottleneck of zero running will soon break through after listing financing, just as Tesla broke through the production capacity bottleneck a few years ago, and then quickly became the mainstream car company in the market.
Based on this expectation, zero run in addition to the current hot T03/C11 two models, there are more model planning and research and development is underway, according to zero run previous public information, its plan at the rate of one to three models per year, by the end of 2025 eight new models, covering a variety of sizes of cars, SUVs and MPVs.
In the recent new car, Zero Run plans to launch a smart pure electric medium and large sedan C01 in the second quarter of 2022, possibly during the Beijing Auto Show, and start delivery in the third quarter of 2022. After that, there will be zero-run C11 range-extended models, which will continue to stimulate a significant increase in zero-run sales.
In addition, like Tesla, zero-run is also the second manufacturer in the world to have independent research and development of autonomous driving chips, and form a mature visual automatic driving solution with it, currently based on the Lingxin 01 chip, zero-run C11 with L2+ level automatic assisted driving has been listed, and continues to upgrade the evolution experience through OTA.
Therefore, after the official listing of zero run, we can expect that the "Wei Xiaoli" three giant pattern, which has lasted for several years, may usher in a rewrite. The zero-run with higher scientific and technological content and stronger independent research and development and manufacturing capabilities will surely become the biggest dark horse of Chinese car companies on the new energy intelligent track.