AutoBeta(AutoBeta.net)12/21 Report--

According to media reports, Beijing government officials have visited GAC NIO to discuss investment plans with Liao Bing, founder and CEO of GAC NIO. If the negotiation process goes smoothly, GAC NIO headquarters or the new production base is expected to move to Beijing.

GAC did not immediately deny the news, saying only that it was not allowed to disclose too many details at this stage. There will be a formal disclosure next month, which will involve larger transactions.

Data show that GAC Lai was established in April 2018, "Guangzhou Automobile system" and "NIO system" respectively account for 45% of the shares, while other shareholders account for 10%. According to Tianyan survey information, the current GAC NIO financing project still stays in the angel round, invested by GAC GROUP and Lulai Capital, but did not disclose the specific amount of financing.

According to media reports, GAC's senior officials have contacted Zhejiang, Henan and other local governments to seek financing, but apparently not very smoothly. If GAC's cooperation with the Beijing government goes well, then GAC will have more room for development.

Although Guangzhou Automobile NIO was jointly funded by GAC GROUP and NIO Automobile, neither GAC GROUP nor NIO Automobile is responsible for the brand establishment and sales of Guangzhou Automobile NIO, which means that Guangzhou Automobile NIO needs to start anew, build its own brand image and sales channels, and then compete with other brands.

However, in the face of the new energy car industry that continues to burn money, GAC, which is still in the angel wheel, may have begun to have problems with its capital chain. Just a few days ago, GAC GROUP just provided a 15 million yuan loan to Guang Qi Wei Lai. On December 19th, GAC GROUP announced that he had agreed to provide a 15 million yuan entrusted loan to the joint venture Guangzhou Automobile Ulay New Energy Automotive Technology Co., Ltd., with a term of one year and an interest rate of LPR for the same period. GAC Ulai New Energy Automotive Technology Co., Ltd. uses its assets to provide mortgage guarantee for the above entrusted loans.

At present, Guang Qi Wei is facing a lot of problems, including how to improve brand strength, improve product competitiveness and improve after-sales service. Liao Bing also said publicly: "on the one hand, it is a supplement to operating funds, maintaining daily operations, sales channels, market fees and brand building just mentioned." The second is that we must have our own product development, otherwise there will be no basis for independent development. "

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