Among the new car-making forces, Wei Xiaoli has successfully gone to Hong Kong for listing, and some time ago, many people were speculating about who the fourth new car-making force listed in Hong Kong would be. On March 17, Zhejiang Zero Run Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with CICC, Citi, JPMorgan Chase and CCB International as the co-sponsors of the IPO. According to the prospectus, the zero-run car plan will use the funds raised for the research and development of smart electric vehicles, improve production capacity, and enhance brand awareness.
Although the development reputation of zero-run cars in the new forces of car manufacturing is not as good as Wei Xiaoli, it is not too bad.
Founded in 2015, Zero Run currently has a total of three models on sale, namely Zero Run S01, Zero Run T03 and Zero Run C11, and in 2021, Zero Run delivered 43,748 units, of which T03 has 39149 units, C11 has 3964 vehicles, and S01 has 634 vehicles.
It is not difficult to see that zero-run T03 almost bears the burden of zero-run sales, but the situation of zero-run S01 is worrying, S01 is the first mass production car launched by zero-run, but because of the difference between the launch of the real car and the publicity, it has been a lot of spit, so the sales have not been able to go up, it is precisely because of the failure of S01, so zero-run will once encounter an existential crisis, fortunately, the C11 and T03 performance behind it has improved significantly, otherwise there is no zero-run today, 1-2 months of this year, The delivery of zero-run cars has reached 11,520 units, which is very fast and imposing.
In the prospectus of Zero Run, Zero Run disclosed the revenue of the past three years.
In terms of revenue, from 2019 to 2021, the revenue of zero running was 117 million yuan, 631 million yuan and 3.132 billion yuan, respectively, and the revenue increased more and more with the year, but the same was true in terms of losses, from 2019 to 2021, the operating losses were 730 million yuan, 869 million yuan and 2.868 billion yuan, which increased year by year, while the losses attributable to equity holders for the year were about 901 million yuan, 1.100 billion yuan and 2.846 billion yuan, respectively.
In addition to the revenue loss, the prospectus also shows that zero run will launch a new car this year, named C01, scheduled to be delivered in the third quarter of this year, C01 positioning is a medium and large car, and will be built with the same platform as C11, there will be 700km endurance, zero hundred acceleration for 3 seconds, and 5 meters long, price, zero run did not make a disclosure, but there is gossip news, zero run C01 may be the most expensive model under zero run.
In addition to the C01, ZeroCar will launch two new cars in the future, the internal code name A01 and D01, while zero-run cars plan to develop at a rate of 1 to 3 new cars per year in the future, and eight new models will be launched by the end of 2025, covering sedans, MPVs and SUVs of various sizes.
For zero running, going public in Hong Kong is only the first step in the future goal, although it is still a loss state, but if you want to break through the siege of many new car-making forces, you must take steps forward. In fact, at this stage, many new car-making forces are still in the dilemma of unbalanced profit and loss, and zero running wants to achieve profitability in a short period of time, but for car companies, profitability in a short period of time is not so important, more important is to open the market, open the market, the future realization of profitability is not a dream. If successful, Zero Run will become the first car company to go public in Hong Kong among the second-tier new forces to build cars, and I don't know if it will drive the second-tier new car manufacturers to pile up and go public in Hong Kong.