Vapor Auto-First | tension
A year after Geely completed the restructuring of Lifan Technology, it handed over its first report card, and overall, revenue growth and losses narrowed significantly. Lifan, which was on the verge of bankruptcy two years ago, has completed the rebirth of Nirvana.
Based on Lifan's past advantages, combined with the development trend of the industry, under the leadership of Geely, Lifan Technology anchored the new energy vehicle power exchange business and the intelligent and electrified track of motorcycles, and set sail again.
In the past year, Lifan Technology has completed the transformation and upgrading of the four major processes of the new energy production line, completed the mass production of the first power exchange model off the production line, delivered the operation of the power exchange taxi, and established Chongqing Ruilan Technology Company focusing on power exchange products and power exchange services. Next, it will be subject to a strict market test, and whether it can open up the situation in the field of power exchange will profoundly affect the direction of Geely's new energy business.
According to the financial report, in 2021, Lifan Technology achieved operating income of 3.977 billion yuan, an increase of 9.35% year-on-year. Among them, the Business of Motong achieved business income of 3.127 billion yuan, and the automobile business achieved business income of 534 million yuan due to factors such as the process of production line transformation and the progress of rebuilding sales channels. The company's net loss after deducting non-deductions was 36.4995 million yuan, which narrowed sharply year-on-year. In the fourth quarter of last year, more than 3,000 cars were produced and sold, and more than 5,000 vehicles were sold in the first quarter of this year, with an obvious upward trend.
Lifan Technology sold 522,000 motorcycles in 2021, down 1.68% year-on-year; motorcycle engine sales were 631,000 units, down 26.1% year-on-year. At present, the motorcycle business is still the revenue focus of Lifan Technology, Lifan Technology said that in the future, it will increase the research and development of small and medium-sized displacement high-performance, strengthen the independent development of the EFI system to extend the core advantages of multi-cylinder, and increase the application of "intelligent and electrified" technology.
At the beginning of the restructuring, Lifan Technology's automotive sector locked in the field of new energy electric vehicle replacement, which will serve as the only listing platform for Geely Technology Group's power exchange manufacturing business. In fact, the new energy vehicle power exchange business is in the ascendant, only Weilai, BAIC New Energy, GAC Aean and other companies are trying, and the state has given greater support at the policy level.
In 2020 and 2021, the "Government Work Report" mentions "increasing charging piles, power station replacement and other facilities", and policies to support the supporting infrastructure of new energy vehicles such as charging piles and power stations have been introduced, and the power exchange mode will develop together with the charging mode in the future. In October 2021, the Ministry of Industry and Information Technology launched the pilot work on the application of the new energy vehicle power exchange mode, and finally identified 8 comprehensive categories and 3 characteristic cities, and the test cities, as the first stage of the nationwide promotion of power exchange, will accelerate the formation of replicable power exchange industry. Lifan Technology is exploring in the field of taxi and private user power exchange, and will evolve a new business model in the future, or will become a booster and killer for Geely's other new energy and travel business sectors.
According to Ruilan's plan, by 2025, Geely will successively launch 5 electric vehicle models that can be exchanged, and plans to build 5,000 substations covering 100 core cities in 2025. At the technical level, Geely adopts the exclusive GBRC power exchange platform, which can replace the power of models with a wheelbase of 2700-3100 mm, almost covering Geely's main new energy models, and can complete the power exchange within 60 seconds, compared with the current mainstream power exchange technology.
If the power exchange technology can be rationally laid out, it can not only solve the problem of convenient energy replenishment, but also reduce the damage of electric second-hand cars affected by batteries, reduce car purchase costs, and even the ladder utilization of batteries in the future is a good solution, and it can also be a good time to find battery safety hazards, which can be described as a lot of things. At present, there are good application scenarios in taxis and some high-value models. But at the same time, the power exchange technology is also affected by the rapid layout of fast charging piles and the blossoming of ordinary charging piles everywhere, which is inhibited to a certain extent, but in any case, it has really solved some of the problems of users.
In 2022, Lifan Technology will successively launch 60S, X3pro, 80X, NS11 and other models, and will use the travel platform inside and outside the Geely system to promote it on a large scale. 2022 will be the year when Lifan Technology's new business really starts, and people are full of expectations for whether the power exchange business can grow from a "branch" business to a killer skill of Geely and even the new energy automobile industry. (Some of the pictures are from the Internet)