The two brothers in Guangdong have a unicorn, Xinwangda valued 30 billion

The largest RMB financing this year was born.

The investment community was informed that this week, Xinwangda Electric Vehicle Battery Co., Ltd. (Xinwangda EVB) officially announced the completion of a round A financing of about 8 billion yuan. Green Development Fund, IDG capital, cornerstone capital, Meituan war investment ... This list is still very long, and the valuation after investment has reached 30 billion yuan.

Speaking of this super unicorns, I have to mention Xinda, a listed company founded by the two brothers of Maoming, Guangdong, Wang Mingwang and Wang Weibai. In 1993, Wang Mingwang founded an electronic processing plant in Shenzhen, and later established Xinwangda Electronics with his brother Wang Wei, with mobile phone batteries, and the latest market value of 50 billion yuan. With the outbreak of new energy vehicles, the Wang's brothers entered the automobile battery, and the Xinwangda Automobile Battery rose at an unprecedented speed.

This year's battery unicorn explosion is impressive. Almost all VC/PEs are investing in new energy. Everyone believes that this is a super track that is related to the National Games and the future. Wait, the battery unicorn is born. In the Ningde era, the Chinese battery legion was mighty and spectacular.

Including 8 billion yuan in financing, valuation of 30 billion yuan

Half a VC/PE circle is here

The list of investors in this round of financing is staggering.

Specifically, a new round of financing of Xinwangda Motor Battery was completed in two transactions. According to the "Announcement of the Capital increase and related transactions of Xinwangda Automobile Battery" released by Xinwangda, Huizhou New Energy, a wholly -owned subsidiary of Xinwangda, increased its capital to Xinwangda Automobile Battery for 2 billion yuan. New registered capital of RMB 584 million. After the completion of the capital increase, Huizhou New Energy's shareholding ratio of Xinwangda Motor Battery changed from 56.64%to 50.00%.

In addition to Huizhou New Energy, there is also a luxury investor lineup: Tianjin Harmony, Yingfei Niche, Jiangxia Green, Xingnanwang, Kohol Correspondence, Zhichang Investment, Tianqing in the early days of the day Hongye, Foshan Guangying, Bo Huaruchen, Bofeng Investment, Yuanmu Investment, Deep Investment Control, Jinye Investment, Kaixian Capital, Shen Wanhongyuan, Green Fund, Fan Zhuojun A total of 22 institutions such as Kuoxun Technology participated, with a total of 4.92 billion yuan to increase capital to Xinwangda Motor Battery, subscribing to the latter of 1.437 billion yuan in new registered capital.

At the same time, the second transaction also surfaced. According to another announcement issued by Xinwangda, Xinwangda Motor Battery will sign and sign the "Convertible Bond Agreement" with 12 companies--

Hainan Yijun Investment Partnership (Limited Partnership), CICC GCL Carbon Zhonghe (Shaoxing) Industrial Investment Fund Partnership (Limited Partnership), Shenzhen Meizhu Meipeng Enterprise Management Consulting Partnership (Limited Partnership), Changzhou Railiang Entrepreneurship Investment Partnership Enterprise (Limited partnership), Tibet Ruihua Capital Management Co., Ltd., Shenzhen Yunhe Investment Co., Ltd., Ningbo Meishan Bonded Port District Hantu Investment Partnership (Limited Partnership), Zaozhuang Yaoshun Equity Investment Partnership (Limited Partnership) Channel Equity Investment Fund Partnership (Limited Partnership), Sino -American Green Ruizhen (Zhoushan) Entrepreneurship Investment Partnership (Limited Partnership), Hainan Xinyu Investment Partnership (Limited Partnership), Shenzhen Small and Small Entrepreneurship Investment Co., Ltd. Xinwangda Motor Battery will borrow convertible bonds from the above parties, totaling 1.19 billion yuan.

Through two announcements, it can be calculated that after completing the huge amount of financing of about 8 billion yuan in this round, the latest valuation of Xinwangda Motor Battery has reached 30 billion yuan, which seems to be a super unicorn.

Six months ago, the Xinda Motor Battery had just completed a financing of 2.43 billion yuan, and a total of 19 investors participated. Through this round of financing, there are rare in the outside world.

Among them, the ideal automobile affiliate company Jiangsu Automobile and Home Automobile Co., Ltd. invested 400 million yuan, becoming the fifth largest shareholder of Xinwangda Automobile Battery, with a shareholding of 3.2%; there is also Weirui Investment with a financing list. Man -made Ningbo Weixin Enterprise Management Consultation Partnership (Limited Partnership), the latter is Weilai Capital; Xiaopeng Automobile is also here. The related entity of Sky Top in the financing list is Xiaopeng Automobile. This also means that this round of financing rarely gathers the three major head brands that have new forces, and all ideals, Weilai and Xiaopeng have participated.

Not only that, many traditional OEMs have also entered the game together. Shangqi Jinshi is one of the funds of Shangyu Capital Management, which is one of the private equity investment platforms under SAIC Investment; Guangqixin Electric is also a fund of GAC Capital, and GAC Capital is a wholly -owned subsidiary of GAC Group; Yinyuan Jing is the Dongfeng Traffic Bank Automobile Fund, which is jointly established by Dongfeng Group and Jiaotin Group.

Two rounds of financing exceeded 10 billion yuan, what is the beginning of Xinwangda Motor Battery?

In fact, although Xinwangda's car battery started late, the momentum was fierce. According to data from China's automotive power battery industry innovation alliance, Xinwangda's market share in China in 2021 was 1.3%, ranking tenth. But in August this year, in the first half of the global power battery installed capacity ranking released by SNE Research, Xinwangda's share has reached 1.5%, ranking ninth, and the installation volume increased by more than 6 times year -on -year. Behind the rapid growth is that Xinwangda Motor Battery is gaining more orders. Earlier, Xinwangda had disclosed the power battery orders of SAIC-GM Wuling, Dongfeng Liuqi and other new models. At the same time, it also cooperated with car companies such as Renault-Nissan Alliance and Geely.

More iconic incidents are Xiaopeng who may abandon the Ningde era and use Xinwangda Motor batteries. In early February of this year, some media reports said that Xiaopeng Automobile has determined to use Xinwangda's 4C power battery in the G9 of the medium and large SUV models. Xinwangda will be an A supply of G9, with a supply share of more than 50%.

Undoubtedly, the Xinda Motor Battery is a dark horse that cannot be ignored by the power battery track.

From mobile phone battery home

Cantonese brothers, created 50 billion market value

Why does a group of VC/PE choose Xinwangda Motor Battery?

This is to start with a listed company Xinwangda, which is a story of a pair of Guangdong brothers.

Wang Mingwang, born in Maoming Maoming, Guangdong in 1967, has been poor since he was a child. After graduating from Sun Yat -sen University Electronics in 1991, he entered the Hong Kong Jingsen (Shenzhen) Electronics Company for product sales and started to contact the battery industry. idea.

After working for one year, Wang Mingwang decided to start a business and start with the mold market. As a result, the business had just improved, and the partners in charge of the customer's resources and the business market proposed a separate family, which led him to the failure of his first entrepreneurial announcement. However, Wang Mingwang did not give up. In 1993, he opened a electronic processing plant with several students, mainly producing lithium batteries for communication products such as mobile phones and transmission machines.

Soon, Wang Mingwang, who stepped on the market in the market, made nearly one million yuan in profits in just one year. But the same plot staged again, and the two students in charge of the market proposed to separate. In desperation, Wang Mingwang's second entrepreneurial announcement failed again, but this time he insisted on retaining the factory and equipment materials, leaving himself a chance to resume Dongshan.

In 1995, the Sony Battery Factory suffered a fire. Due to the unable to find a alternative battery product, the price of Sony mobile phones was doubled and the supply was in short supply. Wang Mingwang naturally did not want to miss this business opportunity. He got a low -cost battery material from the former family, pulled his brother Wang Wei, and started the third entrepreneurial journey.

In 1997, Wang Mingwang and Wang Wei formally established Xinwangda Electronics in Shenzhen, becoming a battery OEM and ODM supplier. Wang Wei recalled that Xinwangda grew up in Shenzhen, more like an accidental factor. In his opinion, Shenzhen brought together people from all over the country, and everyone spoke Mandarin, which made him fully understand the phrase "Shenzhen people".

With the efforts of the two brothers, Xinwangda's revenue increased year by year, and then acquired 60%of Shenzhen Huichuangda Technology, adding a film development and sales industry. In 1999, the mobile phone battery order from Konka Group became a turning point for Xinwangda.

At that time, Konka Group was preparing to produce independent brand phones, and Wang Mingwang took the initiative to visit to seek cooperation. He recalled, "Konka was already a listed company at that time, and we were just a small company and had no fame." But he was still "cheeky". He suggested that Konka tried his products and successfully impressed each other.

Immediately afterwards, Xinwangda, who endorsed large companies, reached cooperation with Philips, Japan, and Haier in 2000; in 2003, Xinwangda's sales exceeded 100 million yuan for the first time and entered the supply chain of Lenovo and ATL. It was with the cooperation with ATL that Xinwangda entered the Apple industry chain in 2011 and ushered in a high time. In April of the same year, Xinwangda successfully listed on the GEM, becoming the first listed company in the GEM based on the "lithium battery module overall research and development, manufacturing and sales", with the latest market value of 51.8 billion yuan.

Today, Xinwangda has developed into a leading company in the global lithium -ion battery field, forming a 3C consumer battery, smart hardware products, power batteries and power assemblies, energy storage systems and comprehensive energy, automation and intelligent manufacturing, experiments, experiments, and experiments Room testing services, including six major industrial groups.

In fact, Xinwangda has long been devoted to the power battery industry. As early as 2008, Xinwangda established the corresponding business department and began to cut into the automotive power battery module business. Starting from the development of power battery packs and BMS (battery management system). Subsequently, in 2014, Xinwangda established a car battery subsidiary to disclose the research and development of products and technologies such as new energy industry chain such as power batteries; in 2017, Xinwangda also determined the "Three All" business strategic measures, That is, comprehensively enter the power battery industry, comprehensively control the core resources, and the strategic layout of the entire industry chain.

At the site of the shareholders' meeting in September last year, Wang Wei, the current chairman of Xinwangda, also said that from the perspective of revenue, the power battery market has a large opportunity and the revenue growth will be faster. In terms of investment, the power battery is more. At the same time, he bluntly said: "From the perspective of business ratio, consumer categories are still mainly in the short term, but from the perspective of growth, power will be strong." There is no doubt that Xinwangda is unwilling to miss this power battery feast Essence It is worth mentioning that the issue of Xinwangda's issuance of GDR in Switzerland has been accepted by the China Securities Regulatory Commission; at the same time, some media reports that Xinwangda has launched a car power battery business spin -up and listing plan at the end of 2021. IPOs will be submitted in 2023-2024. In this way, Wang Mingwang and Wang Wei are expected to harvest two IPOs.

The next richest man in the world is born from here

Battery unicorn burst

The Chinese Battery Corps is rising rapidly.

Heading the listed company Ningde Times, the power battery legion also gathered unicorns such as BYD, Honeycomb Energy, China Innovation Airlines, Wanxiang One, Two Three, Hui Neng Technology, Wei Lan New Energy, Xinwangda and other unicorns. Since 2021, financing in the field of power batteries can be described as crazy--

Hive Energy, China Innovation Airlines, Lin Lixin Energy, Hydrogen Morning New Energy, Hui Neng Technology, Olympic New Energy, Jie Hydrogen Technology, Nandu Huayu, Tang Feng Energy, Xieneng Technology, etc. It is even more than dozens of VC/PE institutions including Sequoia China, Shenzhen Venture Capital, IDG Capital, Gao Yan, Junlian Capital, Chunhua Capital, Kaihui Fund, Lighting Speed ​​China, SoftBank China and other VC/PE institutions.

We are entering the era of new energy, and high -quality power batteries are always the "anxiety" of car companies and even everyone. Nowadays, the elder Ge Ningde has always had absolute right to speak, and has accounted for more than half in the domestic power battery market. Everyone wants to break the single battery pattern of King Ning. So, one by one

In this battle, the new energy vehicle company has made a collective force -in order to build a car smoothly, and is not controlled by the monopoly by the giants, they are also competing for battery companies in a joint venture or investment manner. There are many car companies behind Xinwangda batteries. In addition, the super unicorn beeper in the battery field is also a typical representative of the car company's layout of the battery industry: with the advanced strategic vision, Wei Jianjun, the helm of the Great Wall Motor in 2012, was inside in 2012. Established a power battery project team, which will be independent in 2018.

Honeycomb energy has created an amazing financing process and has risen unprecedentedly: within the past year, honeycomb energy has received four huge amounts of financing. After a new round of capital increase in February this year, the valuation of honeycomb energy has reached 46 billion Yuan, growing very rapidly.

Another high -profile power battery unicorn is innovative, and it is located in Changzhou, Jiangsu, like honeycomb energy. In 2007, the predecessor of China Innovation Airlines was officially founded in Shenyang. It relied on the aviation industry group and renamed AVIC lithium battery two years later. In 2015, the Lithium Corporation in China ushered in a highlight, with revenue exceeding 1 billion, and Ningde Times revenue in the same period was only 800 million.

It was also in 2015, and AVIC settled in the Golden Tan of Changzhou and completed several rounds of financing. At present, the list of investors behind China Innovation Airlines includes Chengfei integrated, Jinyuan Group, Jintan Investment, Sequoia China, Xiaomi Yangtze River Industrial Fund, Cornerstone Capital, GAC Capital, China Insurance Investment Fund, and so on. In September 2021, China Innovation Airlines once again received a new round of financing of 12 billion yuan and officially went to Hong Kong IPO in the same year. Just in August this year, China Innovation Airlines Hong Kong was approved by the CSRC.

In addition, a new Zhejiang unicorn -Wanxiang One Two Three was born again this year. Established in July 2011, Wanxiang, one, two, and three was the old American lithium battery company A123. At that time, the A123 was in a dilemma of bankruptcy, and eventually Wanxiang Group took over at a price of nearly $ 260 million. Ten years have passed, Wanxiang, one, two, and three has become an important battery business segment of Wanxiang Group. Battery products have locked Volkswagen, BMW, Audi, Renault, GM, Porsche, Daimler Mercedes, Volvo, Jaguar Land Rover, Strandi Sriors' top OEMs order. In March of this year, Wanxiang received a new round of financing, with a valuation of more than 40 billion yuan after investment.

The power battery melee is now, why is it so popular?

The reason is that in the context of double carbon, the inevitable demand for the transformation of the automotive industry -power batteries are the core materials of new energy vehicles; the second is the rise of the energy storage industry, which has increased the straight line of the power battery market. New energy is expected to become a super track of China and the world for decades this decades.

As there is a saying in the market, whoever can master the right to speak of battery has the opportunity to become the richest man in the next world. The battery world war, here.

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