Who is Shen Hui? Compared with Li Bin, Li Xiang, He Xiaopeng, Cheng Wei and other "new car-making forces" big coffee, this name is much more low-key.
"It's either outstanding or out, and the bulls that have been bragged about before are to be cashed in." Bidding farewell to his old owner Li Shufu and leaving Volvo, Shen Hui, as the founder, chairman and CEO of WM Motors, has no way back in the tide of new energy vehicles. It can attract companies with li ka-shing and gambling king Ho Hung-sun's family background to lead the stocks, which shows that its influence cannot be underestimated!
Li Ka-shing and the gambling king family have entered the shares, and WM Motors is not far from being listed
He Chaoqiong, daughter of the gambling king and managing director of Hong Kong Shun Tak Group
In early October, WM Motors, founded by Shen Hui, announced that it had launched a new round of financing of US$500 million.
It is understood that WM Motors said it is expected to receive $500 million in financing. Among them, the D1 round of financing was led by PCCW and Shun Tak Group, and the shareholders included GF Shun Tak's US dollar investment institutions, etc., with a financing amount of more than US$300 million.
WM Motor said it will subsequently sign a D2 round of financing agreements with several other internationally renowned investment institutions, about 500 million US dollars.
PCCW, the largest telecommunications service provider in Hong Kong helmed by Li Zekai, the second son of "Superman" Li Ka-shing, also founded the "Pacific Century Expansion" investment company. Founded by the late "gambling king" Ho Hung Sun, the current managing director of Shun Tak Group is He Chaoqiong, the eldest daughter of Ho Hung Sun's second bedroom, and the company's core business covers real estate, transportation, hotels and other industries.
Can make the Li Ka Shing family and the gambling king family both look good, in addition to the two major Hong Kong giants intend to make a difference in the new car-making sport, it is also because Shen Hui's Weima car has a certain charm!
Shen Hui, founder of WM Motors
As promised as promised, on October 22 this year, the first full-scene intelligent pure electric car under WM Motor, known as the "number one power faction of intelligent cars", made a stunning appearance.
Previously, when WM was invested in the Li Ka Shing and Gamble King families on October 5, Shen Hui, founder and CEO of WM Motors, said that this round of financing is the largest amount of private equity investment in China's local pure electric vehicle companies in the international capital market in the past 12 months.
Shen Hui said that this financing will bring key support to WM's continuous research and development in the field of unmanned driving. At that time, he also revealed to me that the company would release a new pure electric car in mid-October to show the latest research and development and application results to the market.
It is understood that M7 is the first product of WM's Master series, which condenses WM's deep accumulation in design, research and development, manufacturing, supply chain management, etc., leads the new height of all-scenario intelligent driving and all-scenario intelligent interaction, and becomes the world's first all-scenario intelligent mobile space, and WM M7 will achieve mass production delivery in 2022.
Du Ligang, co-founder and executive vice chairman of WM Motor
It is reported that the current person in charge of the investment and financing of WM Motor is Du Ligang, co-founder and executive vice chairman of WM Motor.
Du Ligang, who graduated from Yangzhou University in 1993, worked for Siemens AG, then transferred to Glaxo Wellcome as financial director, and after a year as financial director of Kraft Foods in 1999, he was transferred to the commercial director of the headquarters China.
In 2003, Du Ligang became the financial director of Bailitong Asia in the United States, and then returned to Suzhou as the financial director of Philips Home Appliances (Suzhou). In 2010, Du Ligang founded Suzhou Benkong Electronic Technology and served as chairman and CEO. From scratch, he turned the company into the industry's first and world-renowned enterprise in more than 4 years.
With Du Ligang's operation, Shen Hui's financing road will also go more smoothly. We know that on December 5, 2017, WM Motor announced that it had completed a new round of financing led by Baidu Capital and followed by Baidu Group, and in just four years, WM Motor had completed the D1 round and was preparing for the D2 round of financing.
In the past nine months, the pace of financing for "China's new car-making forces" has continued to accelerate, and in February this year, Liberty Automobile completed an angel round of financing, leading the investment in Xinding Capital. Nezha Automobile also completed a Series D financing of about 3 billion yuan in April, led by 360 companies. By June, Baoneng Automobile had introduced a strategic investment of 12 billion yuan by a state-owned enterprise in the Guangzhou Development Zone. By July, ZeroCar was led by CICC Capital and completed a Pre-IPO round of financing of more than 4.5 billion yuan.
At the beginning of 2021, WM Motor completed the A-share listing counseling of the Science and Technology Innovation Board, and in April it was rumored that the IPO was suspended, and it was questioned that the technology content was insufficient, but this rumor has been refuted by WM. This time, Li Zekai and He Chaoqiong led the D round of financing with their subsidiaries, will it predict that the pace of Ma's IPO may accelerate?
Either outstanding or out, Weima Shenhui has no way back
"Either stand out or out, the bulls that have been bragged about before are to be cashed in!" New energy vehicle subsidies will be completely withdrawn, for the "new car-making forces" car companies, it also means that they will collectively "swim naked", for Shen Hui, who has been in the automotive industry for more than 20 years, he may not have to worry before, because there is a "host" on the door, and now it is different, it is difficult to reverse the car on the high speed, as the founder, chairman and CEO of WM, he has no way back.
Leaving Volvo to bid farewell to the "old owner" Li Shufu, Shen Hui founded WM Motor Group in 2015. Although some people like to put the nickname of the old owner Li Shufu's "car maniac" on his head, outsiders are not thinking about whether he will become the next Li Shufu, but when Weima will be able to build the car.
The English WM is an abbreviation of the German Word Weltmeister "World Champion", which translates to Chinese there is "Weima". Leaving the traditional automotive industry, Shen Hui's dream is by no means just to create new energy passenger cars, WM's goal is to "manufacture the world's best and world-champion mainstream new energy intelligent vehicle products." ”
Born in 1970, Shen Hui's ancestral home is Nanxun, Huzhou, Zhejiang, but he was born in Shanghai, but grew up in Guangzhou, and later went to the United States to study, study, work and live in the United States, Canada, China and other places.
The tree is thousands of feet high and does not leave its roots, and Shen Hui has a constant connection with the Zhejiang where his ancestors lived. Although he did not invest in the WM Automobile Industrial Park in Huzhou, which is rich in mulberry silk in 2016, he still lingered on Zhejiang and built the WM Industrial Park at the mouth of the Oujiang River in Wenzhou.
Shen Hui
The founder is the soul of a company officer, and the influence of his personal IP is very large. Compared with Li Bin, He Xiaopeng and Li Xiang and other new car-making forces, Shen Hui's personal IP will appear to be weaker, if there is any innate traffic, that is, Shen Hui is a "person who is different from Li Shufu".
"The automotive industry in China, the United States and Europe has a high reputation and is known as the 'first person in the globalization of China's automobile industry'." This is the portrayal of the personal IP of the company's founder, chairman and CEO Shen Hui on the official website of WM Motor. Obviously, before founding WM Motors, Shen Hui's most brilliant moment was to "join Geely, lead the team to complete the largest overseas merger and acquisition in the history of China's automotive industry ' Geely acquisition of Volvo', and was responsible for restructuring Volvo's global governance structure." ”
In 2015, Shen Hui founded WM Motors together with Lu Bin, Zhang Ran and Xu Huanxin, and all four founders or co-founders have worked in Geely or Volvo. Shen Hui also said in 2016 that most of the more than 200 core employees of WM Motors were his former colleagues. In fact, in 2018, the former owner also gave them a complaint, Geely sued WM Automobile for infringement of trade secrets, and set a record for the highest amount of litigation targets with intellectual property rights in China at that time of 2.1 billion yuan.
In the past, Shen Hui was vice president of Zhejiang Geely Holding Group, senior vice president of Volvo Cars Worldwide and chairman of Volvo Cars China, why did he leave Volvo? Is it really because traditional cars can't build smart cars? Or are you tired of working and want to start your own business?
Li Shufu, chairman of Geely Holding Group
In August 2010, Geely Group completed the acquisition of 100% of the shares of Volvo Cars and officially became a subsidiary of Geely, which has been in the arms of Li Shufu for 11 years. On October 29, Volvo Cars was officially listed in Stockholm, Sweden, with an increase of more than 20% on the first day.
Many people worried 11 years ago that even if Li Shufu swallowed Volvo, he would be "unsatisfied" and "indigestion", but looking over, Li Shufu of "snake swallowing elephant" succeeded, as he said: "All the miracles in the world are often produced when most people think it is impossible, it is possible, it is realized." ”
I don't know whether li Shufu's geely automobile's strategic planning in new energy vehicles and driverless technology today is also the development form that Shen Hui wanted under his old owner in the past.
"Listening to the sea, kissing the wind, at any time the light, thinking, embedding in the depths of the soul", for so many years, Li Shufu, the helmsman of Geely, known as the "car maniac", has never been a person who sticks to the mindset, in addition to sticking to the foundation of the automobile, he always faces the wind.
At the end of September this year, The Star Era founded by Li Shufu signed a strategic cooperation agreement with the Wuhan Economic and Technological Development Zone and announced its entry into the field of mobile phones. Is Li Shufu really just making mobile phones? Yes, no, he is laying out for the Geely and Volvo ecosystems, hoping to achieve synergy and breakthroughs in automotive intelligence, software capacity building, and technological transformation.
Doing inclusive intelligent electric vehicles is the pursuit of Shen Hui of WM Motors. As a "latecomer" to start a business, fighting in the fiercely competitive market, WM Motors has no way back, and Shen Hui also said that "either outstanding or out".
The road of smart cars is not a smooth road. For Shen Hui, the opponent he faced was not only the old owner Li Shufu. Under the trend of intelligence and digitalization, there are too many new players flocking to the track of smart electric vehicles, and even some technology giants have also killed in, who will the window of opportunity eventually open to?
Shen Hui may say that the good drama is still to come, even if he has perseverance, but the key is that the impetuous capital also has enough patience?
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