The listing of the three places still loses whether the Weilai Automobile can break through

◎ Text "Fighter" magazine all media reporter Li Yunshi

▲ CFP

On May 20, Weilai Automobile (hereinafter referred to as "Weilai") was successfully listed on the main board of the Singapore Exchange. It was officially listed on the trading (stock code) and became the world's first three -place car company. At the same time, Weilai is also the first Chinese company listed in New York, Hong Kong, and Singapore. Li Bin, the founder of Weilai, said, "Listing in Singapore is of great significance to the development of Weilai global business. With the important strategic position of Singapore in the global capital market, Weilai further improved the global capital market layout."

Only 8 years have been listed in the three places

The first listing of Weilai was in the United States. In August 2018, the IPO prospectus was submitted to the US Securities and Exchange Commission (SEC). The IPO was finalized at $ 6.26, issued 160 million shares, and raised $ 1 billion. Weilai chose Hong Kong for the second time. On March 10, 2022, it was listed on the Hong Kong Stock Exchange through an introduction method. Weilai still adopted the introduction method on the listing of the New Stock Exchange.

On May 28, economist Song Qinghui said in an interview with a reporter from the "Legal person" that Weilai Automobile could be listed in Singapore and had a positive impact on it. On the one hand In terms of establishing a wider connection with other Asian investors, and at the same time, it can create a deeper brand. "For Chinese companies, the Hong Kong stock market is more attractive. Relatively speaking, the biggest advantage of the Hong Kong stock market is mainly similar to that of the region and language. Compared with the capital market in the United States and Singapore. "

"With the development of new energy vehicles worldwide, many traditional car companies have transformed from production gasoline vehicles to new energy vehicles. At the same time, some new forces of car manufacturing have joined, and Weilai is one of them." On May 28, the car market observer In an interview with reporters, Li Da said that Weilai was a representative of the new power of Chinese cars. Although it was only 8 years since its establishment in 2014, it has achieved good results.

When Weilai landed on the Hong Kong Stock Exchange, the relevant person in charge of Weilai said that the company's cash reserves at the end of the third quarter of 2021 were about 47 billion yuan, and the financing of 2 billion US dollars was completed in the fourth quarter. Urgent needs. Public information shows that as of February 28, 2022, the source of mobile funds that Weilai can call include cash and cash equivalents of 11.829 million yuan and short -term investment of 37.7804 billion yuan.

According to the public financial report, the car sales in Weilai in the fourth quarter of 2021 were RMB 9.215.4 billion (US $ 1.4461 billion), an increase of 49.3%year -on -year, an increase of 6.7%over the third quarter of 2021. In the fourth quarter of Weilai in the fourth quarter of 2021, the total revenue was RMB 9.9007 billion, an increase of 49.1%from the fourth quarter of 2020, and a 1.0%increase in the third quarter of 2021.

Throughout the year in 2021, Weilai's sales were RMB 33.169.7 billion (US $ 5.2051 billion), an increase of 118.5%year -on -year. The total revenue of 2021 was 36.1364 billion yuan (US $ 5.6706 billion), an increase of 122.3%year -on -year. In the fourth quarter of 2021, 25034 vehicles were delivered, a year -on -year increase of 44.3%; in 2021, a total of 91,429 vehicles were delivered in 2021, an increase of 109.1%year -on -year, and the total annual revenue was 36.14 billion yuan.

The new energy vehicle market of "deep water"

"Although Weilai revenue was 36.14 billion yuan last year, it has not made a profit, with a net loss of 4.02 billion yuan." Li Da told reporters that in recent years, Weilai has been losing money. According to the data of Weilai financial report over the years, Weilai net losses in 2018 were 9.638 billion yuan, net loss in 2019 was 11.295 billion yuan, and the net loss in 2020 was 5.304 billion yuan. In addition, the net loss in 2021 was 4.02 billion yuan. 100 million yuan.

"The loss of Weilai Automobile directly shows that consumers' recognition of its brand is doubtful." Li Da said that although the new energy vehicle market is huge, the pressure of competition is also unprecedented. Many traditional car companies have joined this market. Li Da told reporters that in terms of global perspective, traditional enterprises such as Mercedes -Benz, Audi, Cadillac, and Toyota are also stepping up the development of new energy vehicles.

Due to the impact of chip and other factors, the market value of global car companies is declining, but several major car giants remain leading. At present, giants in the world's new energy vehicle are still Tesla, with the latest market value of 986.92 billion US dollars. Toyota's latest market value is US $ 24.91 billion, ranking second in the world, and China's BYD ranks third with US $ 101.91 billion. The fourth to tenth is Volkswagen, Mercedes -Benz, Ford, GM, BMW, Honda, as well as the fourth largest car group star, including Peugeot, Citroen, Jeep, and Maserati. Weilai Motors ranked 17th with $ 27.56 billion.

"Compared to traditional car companies, Weilai has its own advantages, but the shortcomings are more obvious." Li Da explained that stronger innovation awareness, better Internet experience, more automotive value -added service experience, and related policy support It is the advantage of Weilai. In contrast, due to long -term development, traditional car companies are difficult to change easily. "However, the original market share and brand trust are not comparable to these new vehicles for Weilai." Li Da said that although Tesla's current market value is the highest in the world, it is For speaking, it is still a century -old car company such as GM, Volkswagen and Toyota. In addition, BYD's market share is far beyond Weilai whether in the domestic market or international market. "These car companies have mature technology, diverse cars, and brand culture and brand stories that have been inherited for many years. When they devote their energy into the new energy field, new forces of new vehicles will face greater challenges." Technological innovation innovation Is the first competitiveness

Regarding the potential of Weilai in the stock market, Song Qinghui said, "Emerging technology companies such as Weilai Automobile have the main factors that affect their stock market performance. New energy vehicle companies, their stock markets are also performing well. "The decisive factor that affects car sales is the core technology of the car. In this regard, Li Da said: "In the automotive field, if you want to possess the market, the technology itself is the first competitiveness."

According to data from the Federation of Federation, the sales volume of new energy passenger cars in the world in 2021 was 6.23 million, an increase of 118%year -on -year, and the market penetration rate reached 7%. Under the pressure of global carbon reduction operations, the automotive industry power is accelerating the transformation of automobile electrification and vigorously developing related electrical technology.

The United States is also adjusting its strategic direction, requiring 50%of the sales of passenger vehicles and light trucks in 2030 to zero -emission vehicles. At the same time, the United States is establishing a safe power battery multinational supply chain with neighboring countries or partners to make up for shortcomings in the field of electric vehicles, accelerate battery technology innovation, and plan to set up chip funds, subsidize $ 52 billion to motivate enterprises to produce local production locally production. , Establish a more elastic semiconductor supply chain. Germany also increased the target of zero -emission vehicles in 2030 from 10 million to 15 million. In addition, the EU's "FitFor55" plan requires that passenger cars and light trucks in 2030 will be reduced by 55%and 50%on the basis of 2020, and 100%zero emissions are achieved in 2035.

Regarding Weilai's prospects, Li Bin once said that in 2023 and 2024 are the time when the new energy vehicle industry is going to the finals, and Weilai will accelerate in 2022. According to reporters, Weilai is one of the few new energy vehicle companies that independently develop autonomous driving capabilities. In 2021, Weilai R & D investment increased by 84.58%year -on -year to 4.592 billion yuan. According to Weilai's plan, R & D investment in 2022 will increase by more than doubled year -on -year, and by the end of the year, R & D personnel will increase to 9,000. At the same time, Weilai is still actively expanding production capacity. Following the annual production capacity of 300,000 vehicles, it is still building Neopark Xinqiao Smart Electric Vehicle Industrial Park. It is planned to be completed and put into production in 2024. The planned capacity is 1 million units per year, and the battery capacity is 100GWh. /year.

"Weilai's power exchange service and power exchange technology are in a leading position worldwide." Li Da said that according to Weilai data, as of April 18, 2022, Weilai has deployed 900 replacement in the Chinese market to exchange for replacement. Power stations, 745 supercharge stations, 4132 super charging piles, 686 destination charging stations, 3897 destination charging piles, access to over 480000 third -party charging piles across the country.

Before the interview, Li Da told reporters that many gasoline and vehicle manufacturers have gone through a century of history. Although Weilai has achieved good results and electric vehicles are the direction of the development of the global automotive industry in the future, Weilai wants to be in the world's new energy vehicles The market has achieved a leading position, and it is necessary to increase the research and development and utilization of its own technology.

Editing ｜ Cui Xiaolin

Edit ｜ Huiningning

School pair ｜ Zhang Bo Zhang Xuehui

This article is published in the "Legal person" magazine in June 2022 Total 220 Capital Column

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