Changan Automobile plans to increase the capital to Avita 1.169 billion yuan. After completing the round of financing of this round of financing, the valuation will reach 10 billion yuan

On the evening of August 2nd, Changan Automobile (SZ000625, a stock price of 19.93 yuan, and a market value of 197.7 billion yuan) issued an announcement stating that its joint venture Avita Technology (Chongqing) Co., Ltd. (hereinafter referred to as "Avita") To strengthen the coordination of the industrial chain resources, promote the accelerated development of smart electric vehicle business, and introduce investors in the joint listing method in Chongqing's joint property rights transactions, and finally determine the consortium of six investors. Avita has signed relevant strategic cooperation agreements with the above -mentioned new investors. It plans to carry out strategic cooperation in the fields of sales network support, chip protection and visual image perception, smart cockpit development and other fields to further strengthen the advantages of industrial chain resources.

At the same time, the parties such as Changan Automobile and Southern Assets intend to sign the "Increase Agreement on the Capital of Avita Technology (Chongqing) Co., Ltd." with Avita. Avita plans to add a registered capital of about 472 million yuan; 11.69 billion yuan, of which about 217 million yuan were included in the registered capital, and the shareholding ratio increased from 39.02%to 40.99%.

It is worth noting that several other major shareholders of Avita, such as Ningde (SZ300750, stock price of 52.3.87 yuan, market value of 1.28 trillion yuan), did not participate in capital increase, and the shareholding ratio was diluted from 23.99%to 17.10%. The stock price was HK $ 156.8, and the market value of HK $ 265.4 billion) did not participate in capital increase, and the shareholding ratio was diluted from 1.13%to 0.81%.

Avita announced on the same day that round A financing has been completed. This round of capital increase was led by the National Green Development Fund. China Merchants Jindai, SDICC, Veho Chuangxin (United Party), and CITIC New Future Investment Institutional Investment Investment Investment Investment was followed. Changan Automobile and Southern Assets of Avita Technology have further investing in investment. Among them, the National Green Development Fund was jointly established by the Ministry of Finance, the Ministry of Ecology and Environment, and the Shanghai Municipal People's Government. This time, it led the new energy vehicle track. After completing the Case A capital increase, the overall financing scale of Avita Technology was nearly 5 billion yuan, and the valuation after investment was nearly 10 billion yuan. The equity structure was further optimized.

It is reported that the company's second new car is currently being promoted in an orderly manner.

Daily Economic News

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