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2020 is undoubtedly the best year for the development of new power car companies. Even in the face of the impact of COVID-19 's epidemic, many new forces have achieved a surge in sales and stock prices under the trend of new energy, especially the new sales of new forces have repeatedly set new highs. Share prices are even higher than traditional car companies.

In spite of this, most of these car companies are still in a state of loss, so they can only continue to raise funds to enhance the competitiveness of products and promote the upward development of brands. In this regard, some media carried out data statistics, from January 2020 to now, five new energy vehicle companies have raised nearly 100 billion yuan, and the one with the highest financing capacity is Lulai Motor.

After Ulay became the "most difficult" car company in 2019, it survived safely in 2020, won the brand with the highest delivery of new cars in 2020, and became the fifth largest automaker in the world by market capitalization.

After becoming the most heavily financed new power car company in 2019, Wei raised another $6.11 billion (39.497 billion yuan) in 2020, raising at least $4.8 billion a month from stock investors at least three times, according to public data. In the first quarter of this year, NIO raised a total of US $435 million through three convertible bond financing, received a strategic investment of 7 billion yuan (about US $988 million) in April, and raised about US $430 million by issuing 72 million shares of ADS in June.

Before IPO, it was D-round 's turn to raise a total of $1.409 billion, according to Crunchbase, with investors including Tencent and Edinburgh-based investment agency Baillie Gifford.

To use the words of Li Bin, CEO of Xilai car, "I know it costs money to build a car, but I didn't expect it to be so expensive." It highlights that the problem of capital is still the current problem for the car maker.

Xiaopeng, also a leading new power car company, also received the attention of the capital market in 2020, of which Xiaopeng Motor has raised a total of 5.1 billion US dollars (32.968 billion yuan) since the beginning of 2020.

On July 20, 2020, Xiaopeng received $500m in C+ round financing from Aspex Management, Coatue Management, Hillhouse Capital and Sequoia Capital China, while on August 5th, Xiaopeng received $400m in C++ round financing, including Alibaba and Qatar Sovereign Fund (QIA).

In August of the same year, Xiaopeng officially landed on NASDAQ in the United States, successfully issued 99.7 million shares, raising about US $1.5 billion, and in December issued an additional 55200000 US stock pricing depositary shares (ADS), raising US $2.5 billion, making it the largest initial public offering in the history of Chinese stocks. The successful listing in the United States and the completion of the initial public offering marked a phased victory for Xiaopeng Motor.

And from the financial results in the third quarter of last year, Xiaopeng's gross profit margin turned to 4.6% for the first time, which also means that Xiaopeng Motor has become one of the few new power car companies with "hematopoiesis" ability.

Compared with the other two new power car companies, ideal Automobile has relatively less financing capacity in 2020, which also has an ideal cash flow. The ideal car will achieve a free cash flow of 2.46 billion yuan ($377.7 million) in 2020 and a negative 2.75 billion yuan in 2019, a substantial increase.

Not only in July last year, ideal Motor raised $1.0925 billion through an initial public offering (IPO) on Nasdaq, and then issued a total of about $1.363 billion in stock in December. It was also favored and supported by major investors such as Meituan.

Although the ideal is the late delivery of the top three car-building companies, recently released financial results show that it has become the only one of the three new-power car companies to make a profit. The breakthrough of the ideal net profit is mainly due to its strict control over operating expenses and a large amount of additional income from interest and investment.

As a start-up, Tesla is undoubtedly a master at financing, and public data show that Tesla has raised about $20 billion from outside investors. Due to the "rising tide lifts all boats" environment in the new energy vehicle industry, Tesla's share price continued to soar in 2020, making it the most valuable carmaker in the world. Especially after it began to deliver domestic models in China in 2020, it was continuously favored by the outside world, which also allowed Tesla to raise 3.1 billion US dollars in 2020. The most important thing is that Tesla is different from other new forces in that he has been able to achieve a big increase in profits through himself. In contrast, the value investment is greater than the need to seek funds.

Judging from the financing of these many car companies, it also reflects that new energy vehicles have been increasingly valued by capital at present. Data show that in December last year alone, the three head car-building new forces listed in the United States were able to obtain financing of up to 59.1 billion yuan, which also reflects the gradual improvement in the development of new energy vehicles.

In addition, according to a recent "New Energy vehicle Investment and financing data report" released a few days ago, there were a total of 897 new energy vehicle brand investment and financing events from 2011 to 2020, with a disclosed investment and financing amount of 384.11 billion yuan. In 2020, the amount of investment and financing exceeded 100 billion yuan for the first time in the past decade, and the disclosed financing amount was nearly 129.21 billion yuan, an increase of 159.4% over the same period last year.

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