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2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >
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AutoBeta(AutoBeta.net)06/27 Report--
Recently, Geely Motor suddenly issued an announcement saying that in view of the company's business decisions and strategic adjustments, after careful study and discussion with the relevant intermediaries proposing the issuance of RMB shares, and after deliberation and approval at the board meeting held by the board of directors on June 25, 2021, the company decided to withdraw its application for the listing of RMB shares in Science and Technology Innovation Board.
That night, Geely Science and Technology Innovation Board IPO audit status changed to "terminated". According to the announcement of the Shanghai Stock Exchange, Geely Motors withdrew its listing application or the sponsor withdrew its sponsor because of the issuer. The examination and approval of its issuance and listing shall be terminated in accordance with Article 67 (2) of the Audit rules.
It took a year from the announcement of the landing of the Kechuang board to the announcement of the termination of the listing. On June 17, 2020, Geely announced its intention to be listed in Science and Technology Innovation Board; on September 1 of the same year, Geely formally applied for listing on Kechuang Board; on September 28th, the listing Committee of Shanghai Stock Exchange Cochuang Board agreed to Geely's IPO request.
According to the draft of Geely's prospectus disclosed at that time, the company plans to issue no more than 1.732 billion shares in Science and Technology Innovation Board and plans to raise 20 billion yuan for new model product research and development and forward-looking technology research and development. According to Geely's previous responses to Science and Technology Innovation Board's IPO inquiry, the company's main competitors in the field of new energy vehicles include three major categories: the first category is traditional car companies, which are actively transforming into the field of new energy vehicles; the second category is car companies such as BYD that are deep in the field of new energy vehicles; and the third category is new power car manufacturers.
In addition to announcing the termination of Kechuangban IPO, Geely Holdings Group also signed an investment cooperation agreement with the people's Government of Beilun District of Ningbo on the investment of polar krypton smart electric vehicle project, announcing the establishment of polar krypton global headquarters in Ningbo.
Polar Krypton is a new high-end new energy brand owned by Geely Automobile. On March 23, Geely Motor and Geely Holdings set up a joint venture company, Polar Krypton, with a capital injection of 2 billion yuan, of which Geely Motor owns 51% and Geely Holdings holds 49%. On April 15, the polar krypton brand was officially launched. the first model, Polar Krypton 001, has been officially launched, with a total of three new models, with a subsidized price of 28.1-360000 yuan. On June 15, Polar Krypton announced that it would suspend the receipt of Polar Krypton 001 from now on. Due to capacity constraints, all deliverable orders within 001 years have been sold out.
At present, Geely owns three pure electric brands: geometry car, Maple Leaf car and Polar Krypton car. Geometry car belongs to Geely's high-end pure electric brand, although Geely is positioned as a high-end pure electric brand, but the high-end image in the market is general, consumers do not buy it, sales of only 10300 vehicles in 2020. Maple Leaf is also a pure electric brand under Geely, but it mainly focuses on the B-end market, and the personal consumption market accounts for a relatively small share. As a result, Geely launched a new high-end new energy brand.
Although polar krypton is a brand new brand of Geely, polar krypton 001 is based on Lecker ZERO Concept, and the new car uses a hollowed-out style brand logo. Lectra does have new energy vehicles on sale, but its sales are very mediocre, perhaps it does not want to make the Lecker brand a pure electric brand, or in order to maintain its image, Geely seeks a new development on the new energy road, independent from Lecker into a new polar krypton brand. As for whether the extreme krypton brand can be lucky to make a comeback of new energy, the market will give the answer.
Geely Automobile successfully landed on the Kechuang board and will become the first share of Science and Technology Innovation Board Automobile. However, with Geely Automobile terminating Cochuangban IPO, "Science and Technology Innovation Board Automobile first share" also came to an end. However, Geely also said that when the relevant conditions are ripe, it will actively promote the issuance and listing of RMB shares.
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