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The end of PPT car building is bad, and the Ranger car industry project may be acquired by the government to defuse the risk.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)12/24 Report--

At the same time as Jia Yueting's Letv car, he threw out the "PPT car-building" plan. until now, the factory has come to a standstill, and it is rumored that the whole car-building project may end in a bad end. recently, there is news that the government has taken over, this car-making company is Ranger cars.

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On December 20, the minutes of the 35th executive meeting released on the official website of the people's Government of Wuxing District, Huzhou City, Zhejiang Province mentioned the report on the disposal of land and projects under construction of the Ranger automobile industry put forward by the Urban Investment Group of the consent District in principle.

The District City Investment Group is 100% controlled by the State-owned Capital Supervision and Management Service Center of Wuxing District, Huzhou City. It was considered at the meeting that the plan for the acquisition of land for the knight-errant automobile industry project and the disposal of projects under construction by the District City Investment Group is conducive to invigorating land resources, resolving project risks, reducing disposal costs, and is generally feasible.

The meeting also demanded: first, it is necessary to operate in accordance with the law, speed up the procedures for the purchase of land and the transfer of ownership of assets, and second, speed up the follow-up use of assets, step up efforts to attract investment, ensure the maintenance and appreciation of state-owned assets, and strictly enter into cooperation in follow-up projects.

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This move means that the Ranger car project may be taken over by the Wuxing District Government of Huzhou City, and it is unknown how to deal with it later.

According to information, Shanghai Ranger Automobile Co., Ltd. was established in 2014, the legal representative is Wei Jun, with a registered capital of 4.2 billion yuan, and is headquartered in Shanghai. It is an integrated intelligent electric vehicle manufacturing enterprise integrating new energy vehicle research and development, design, production, sales and service.

After the release of the Ranger X pure electric vehicle in July 2015, it was exposed by the media that the shape, chassis structure, size and other parameters of the Ranger X are highly similar to Tesla Model S, so it is called "PPT car building".

Knight-errant car has completed multiple rounds of financing, A, B, B + three rounds of cumulative financing of 1.25 billion US dollars, the funds are mainly invested in research and development and factory construction. According to a plan released earlier by the company, Ranger cars are expected to be delivered on a large scale between 2019 and 2020, and Ranger Chairman Wei Jun also said that Ranger's first 3000 cars will be digested internally.

In April 2017, Ranger signed a cooperation agreement with the government of Wuxing District, Huzhou City, planning to build a super factory project of Ranger cars (Huzhou) in Wuxing District, which will begin construction in 2017 and plan to go public in 2019 with a total production capacity of 200000 units. But until now, the construction of the plant has been stagnant, and there has been no follow-up to the car-building project.

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In response to the news, knight-errant car responded to the media, "the acquisition of relevant assets is only one part of the cooperation, and it is still under proposed evaluation, and it is only aimed at the Zhejiang branch of knight-errant, not like the acquisition of knight-errant parent company online." At this stage, the company is operating normally, and the overall development has slowed down due to the downturn in the automobile market in recent years. " The company also said that Ranger plans to have a major strategic cooperation, multi-parties are in the process of later details negotiations, it is not convenient to announce, the new landing strategy form may change in the future, will be disclosed after the final decision.

With the rise of Internet car-making, the influx of a large number of funds has given birth to dozens of new car-building enterprises, but with the changes in the market and the decline in market demand for new energy vehicles, these enterprises are facing the fate of being eliminated before they are officially put into mass production. Whether the Ranger car only stays in the "PPT car-building" stage, there are also many uncertain factors.

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