Finishing 丨 Wang He
This week's auto industry event guide: BYD has taken measures on the odor problem of Changsha factory; Xiaopeng Automobile added 5 new models; FF released its third quarter 2021 financial report; Weilai was granted a conditional listing qualification letter from the SGX; Future Automobile will be listed in the United States at the end of the year; Sailin Automobile was listed for auction...
One week of investment and financing
This week, there were 12 financing incidents in the global automotive transportation field, including 9 domestic and 3 foreign. According to incomplete statistics from Ruibeast's analysis, the total amount of domestic auto transportation financing this week exceeded 1.2 billion yuan, and the total amount of overseas financing exceeded 13 million US dollars.
Source: Rui Beast Analysis
Big Company & Big Event
BYD has taken measures to deal with the odor problem of the Changsha factory
On May 7, a number of residents of The Yuhua District of Changsha, Hunan Province, spoke out on the Internet, saying that bydy's Changsha Automobile Factory near the residential area emitted exhaust gases and smelled pungent. Since April this year, there have been children in the community who have experienced nosebleeds, and adults have also experienced nausea, vomiting, coughing and other situations.
In response, BYD issued a "statement on 'Changsha Yuhua District Industrial Park Emissions Caused by Complaints from Surrounding Residents' on the evening of May 7 through its official Weibo", saying, "BYD Changsha Yuhua District Industrial Park was put into operation in 2012, and the emissions of the park comply with relevant national laws and regulations and standards." In some residential areas close to the industrial park, or there is a peculiar smell, the company has taken relevant measures and actively improved. ”
Chuanmeizu was acquired by Geely and entered the closing stage
Hubei Xingji Times Technology Co., Ltd., a mobile phone company under the Geely Group, has acquired the mobile phone manufacturer Meizu and is currently in the delivery stage.
The person in charge of The Star Era responded to the media, saying, "We will not evaluate these market rumors for the time being, and if there is clear information, it will be confirmed as soon as possible." Regarding the progress of new high-end mobile phone products, there is no clear timeline at present. In fact, the external rumor statement has always been inaccurate, it should be said that it is not Geely making mobile phones, but Li Shufu, chairman of Geely Holding Group, personally investing in xingji era mobile phones. ”
Xiaopeng Automobile officially announced three major adjustments
On May 6, Xiaopeng Automobile announced that it will adjust the configuration, price and rights of some of its models from 00:00 on May 9:
First, 5 new models will be added; second, from 00:00 on May 9, 2022, the E/E+/P version of Xiaopeng Automobile P5 and the E/E+ version of P7 will be ordered, and the corresponding version of the intelligent auxiliary driving system software and upgrade services will be adjusted to standard; third, for new users who purchase Xiaopeng Automobile G3i, P5 and P7, they will no longer provide lifelong free charging services and free home charging piles and installation rights.
NIO obtains conditional listing qualification letter from SGX or realizes "listing in three places"
On May 6, NIO issued an announcement announcing that it had obtained a conditional listing qualification letter for the secondary listing on the Main Board from the Singapore Exchange and would issue listing documents this month.
In the disclosed inside information announcement, NIO pointed out that the listing will be listed on the main board of the Singapore Exchange in the form of introducing the listing (the introduction of listing is a way for issued securities to apply for listing, there is no need to issue new shares or sell the shares held by existing shareholders at the time of listing, and does not involve financing), with a par value of US$0.00025 per share. NIO's American Depositary Shares will continue to be primarily listed and traded on the New York Stock Exchange, with each American Depositary representing one share. The Company's Class A shares listed on the SGX may be fully convertible from its American Depositary Shares listed on the NYSE.
FF released the third quarter of 2021 financial report temporarily released the risk of delisting
On May 7, Faraday Future (FF) released its financial results for the third quarter of 2021. According to the financial report, for the third quarter ended September 30, 2021, FF had a net loss of US$304 million (equivalent to approximately RMB2.027 billion), compared with a net loss of US$33 million (equivalent to approximately RMB220 million) for the same period last year. As of September 30, 2021, the balance of cash and cash equivalents on FF's books was $666 million.
As for the reasons for the increase in net loss, FF said that this was mainly due to a significant increase in operating expenses, related party notes payable, notes payable denominated at fair value, fair value change losses on warrant liabilities, and losses arising from the treatment of related party notes, notes payable and supplier payments payable.
FF Global CEO Bi Fukang said: "We remain confident in delivering FF 91 in the third quarter of 2022. ”
In the first quarter of 2022, the global power battery loading volume was TOP10
According to the latest data from the global market research agency "SNE Research", the top ten companies in the global power battery ranking in the first quarter are: CATL, LG New Energy, BYD, Panasonic, SK On, Zhongxin Airlines, Samsung SDI, Guoxuan Hi-Tech, Hive Energy, and Ewell Lithium Energy. The data shows that due to the strong growth of Chinese competitors, the market share of major Korean battery manufacturers in the first quarter fell by 6.9% year-on-year, but the three Korean battery manufacturers achieved double-digit growth in the global power battery loading volume in the first quarter.
SAIC Motor's April sales fell 60.3% y/y
SAIC Motor announced its April 2022 production and sales report. Affected by the epidemic in Shanghai, SAIC Motor's production and sales in April ended with a sharp decline. Among them, SAIC Motor's vehicle production in April was 158,000 units, down 62% year-on-year, and vehicle sales were 167,000 units, down 60.3% year-on-year. With the sharp decline in production and sales in April, SAIC's cumulative sales in the first four months of this year also changed from a 6.8% year-on-year increase in the first quarter to an 11.2% year-on-year decline.
Qiantu Automobile will go public in the United States at the end of the year, with a pre-investment valuation of $1.25 billion
Recently, Beijing Great Wall Huaguan Automobile Technology Co., Ltd. (hereinafter referred to as "Great Wall Huaguan") signed a formal merger agreement with SPAC (Special Purpose Acquisition Company) Mountain Crest Acquisition Corp. Great Wall Huaguan is expected to complete the restructuring and merger listing at the end of December 2022, when Qiantu Automobile will go overseas as an important asset component of Great Wall Huaguan to IPO. The pre-investment valuation was $1.25 billion.
Sailin Motors was listed for auction for a starting price of about 2.378 billion
Recently, the Intermediate People's Court of Nantong City, Jiangsu Province, updated an auction information about "Jiangsu S Automobile Company". The auction target was once named Rugao High-tech Entrepreneurship Service Co., Ltd., Jiangsu S Automobile Investment Co., Ltd., and it can be clearly found through the public photos on the online auction platform that the company is actually Sailin Automobile.
The auction is located in groups 5, 6, 7 and 8 of Zhennan Community, Chengbei Street, Rugao City, the land use rights of Groups 7, 12 and 18 of Shuanglong Community, and the above-ground buildings and assets involved in machinery and equipment, production lines, assembly lines and other assets, with a starting price of nearly 2.38 billion yuan, which will be publicly auctioned on May 30, 2022.
New car launches & new technologies
Polar Fox Alpha S
On May 7, the new HI version of the Polar Fox Alpha S, positioned as a high-end intelligent driving pure electric sedan, was launched. The new HI version of Polar Fox Alpha S is the world's first mass production car equipped with HI Huawei's full-stack intelligent vehicle solution, the world's first mass production car that supports high-end intelligent driving on urban roads, and the world's first high-end pure power production sedan equipped with Huawei's smart cockpit - Hongmeng car machine OS. The new car is divided into two versions: the advanced version and the high-end version, the advanced version is priced at 397,900 yuan, and the high-end version is priced at 429,900 yuan.
Q&A M5
On May 5, the AITO brand announced the price adjustment plan of the M5 of the Qingjie, which will be officially implemented at 00:00 on May 6, and the reason for the price increase is still the continuous rise of upstream raw materials. The four-wheel drive performance version rose by 15,000 yuan, and the starting price after the adjusted comprehensive subsidy was 294,800 yuan; the four-wheel drive flagship version rose by 12,000 yuan, and the adjusted starting price was 331,800 yuan; and the price of the four-wheel drive to the best version was temporarily not adjusted.