The zero -run car of "Double Happiness" within 24 hours was splashed with a pot of cold water by the market.

This article is based on public information, which is used only as information exchange and does not constitute any investment advice.

Produced ｜ Company Research Office

Text ｜ Cooky

Within 24 hours, there were two "happy events" in the zero -run car, but a pot of cold water was splashed by the market.

At 7 pm on September 28, the new car C01 was released in zero -run; 9:30 on the 29th, the zero -run car officially landed on the Hong Kong Stock Exchange. Almost "blocking".

Compared with the rise of new energy vehicle stocks last year, the time to go on the market for zero running is worse.

Zhu Jiangming, chairman of Zero Running Cars, said, "It is really not a good time, because the global situation is turbulent and in the downward channel. The time period, this is a long -distance running. We are more concerned about how the real quality is, get our market share as soon as possible. "

However, compared with the new forces such as "Wei Xiaoli", the listing process of zero -running cars was slow. Even though the current market conditions are not good, for zero running, listing can no longer be dragged.

From 2019 to 2021, the revenue of zero -run cars was 117 million, 631 million, and 3.103 billion, respectively; net losses were 901 million, 1.1 billion, and 2.846 billion, respectively.

From 2019 to the first quarter of 2021 and 2022, the operating net cash flow of zero-run cars was -675 million, -732 million, -1018 million and -385 million.

Car building is a very burned matter. At present, zero -running cars have not yet had its own ability to "make blood" and constantly financing from the first -level market can Zero run in the new forces of car manufacturing.

According to incomplete statistics, since its establishment, Zero Run has completed at least 8 rounds of financing, with a total of more than 10 billion. Investors of zero -running cars include Sequoia China, Shanghai Electric, Xingxing Investment, China CITIC, CICC Capital, Hangzhou State -owned Assets, and CITIC Investment Investment Copy.

In the case of tightening the global market liquidity, even if Zhu Jiangming himself was not in a hurry, the investors behind him were anxious to let Zero run to the market.

Although it is not as good as "Wei Xiaoli" when the current listing is not as good as "Wei Xiaoli", it is much better than the secondary market. As Zhu Jiangming said, the zero -run after listing should be more concerned about market share and product power.

In the first eight months of 2022, the cumulative delivery of the zero -run car was 76,600 units, an increase of 222%year -on -year. Among the new forces of the car, 92,000 vehicles and Xiaopeng cars were second only to Nazha. Weilai and ideal.

Sales have exploded, but the products of zero -run cars have been criticized by the public.

The current product line of zero -run cars is mainly low -cost models. A Zero -run T03 with a starting price of less than 100,000 yuan, accounting for nearly 90 % of the total sales. "Low -end" and "old man music" are labels that are hit by the outside world.

On the eve of listing, the new car C01 released by Zero Run is to break the outside world's cognition. The price range of the zero running C01 is 19.38-68,800 yuan, which is the most currently sold model at the current zero-run, which has undertaken the heavy responsibility of zero running upward expansion.

Like Li Bin, Li Xiang, He Xiaopeng and others, Zhu Jiangming also said some "ruthless words". Zhu Jiangming said that within the price range of 200,000 yuan, there was almost no competitors in the C01.

However, the new energy models of about 200,000 yuan this year have already exceeded 10 models, such as deep blue SL03, BYD seals, Nezha S, Volkswagen ID4, zero running C11, Xiaopeng P5, Smart#1 and Euler’s Ballet cat. In addition, there are old models such as Xiaopeng P7, G3, BYD Tang, Khan.

The competition of 200,000 prices is very fierce. Whether Zero Run C01 can stand out from the products of various companies. It is not easy to say.

Listing does not mean how high a company reaches a height, nor does it mean that a company will be smooth sailing since then. It just means that the company has become an adult and has the opportunity to survive.

The listing of zero -run listing represents a new stage, but whether it can conquer the capital market, whether C01 can conquer the consumer market, after all, rely on strength to speak.

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