AutoBeta(AutoBeta.net)07/11 Report--

According to Tianyan check, Polar Krypton Automobile (Ningbo Hangzhou Bay New area) Co., Ltd. recently changed, major shareholder Geely Automobile Group Co., Ltd. withdrew from its shareholders, adding a new shareholder, Shanghai Huapu Guorun Automobile Co., Ltd. At present, Polar Krypton Automobile (Ningbo Hangzhou Bay New area) Co., Ltd. is wholly owned by Shanghai Huapu Guorun Automobile Co., Ltd.

Data show that Polar Krypton Automobile (Ningbo Hangzhou Bay New area) Co., Ltd. was established on September 11, 2020, with a registered capital of 500 million yuan and an Huicong as the legal person. It is understood that Polar Krypton Automobile (Ningbo Hangzhou Bay New area) Co., Ltd. has been named Zhejiang Linke Automobile Industry Co., Ltd., Ningbo Polar Krypton Intelligent Technology Co., Ltd.

Some netizens said, "what does this mean?" Polar krypton doesn't belong to Geely anymore? " Actually, it's not. Polar krypton still belongs to Geely. Through equity penetration, we learned that Shanghai Huapu Guorun Automobile Co., Ltd. is a subsidiary of Shanghai Huapu Automobile Co., Ltd., and Zhejiang Geely Holdings holds 90% of the latter.

Why did Geely withdraw from Polar Krypton? On June 25, Geely announced the withdrawal of Science and Technology Innovation Board's listing application. Geely said that the withdrawal of Science and Technology Innovation Board's listing is related to the company's business decisions and strategic adjustments, and the withdrawal of Science and Technology Innovation Board's listing application will not have any significant adverse impact on the group's financial position or operation. In addition to withdrawing Science and Technology Innovation Board's listing, Geely also announced that the board of directors of polar krypton intelligent technology has decided to explore different external financing options for the sustainable development of polar krypton intelligent technology. On the same day, Geely holding Group and the people's Government of Beilun District of Ningbo signed a cooperation agreement on investment in the polar krypton intelligent electric vehicle project, announcing that the global headquarters of Polar Krypton Automobile has settled in Ningbo.

According to industry analysis, Geely suddenly chose to give up IPO when it was only close to the door, and announced that polar krypton intelligent technology was exploring different external financing options. These two major actions do not rule out Geely's plan to seek an independent listing of polar krypton. As for Geely's sudden withdrawal from polar krypton, the reasons behind it are also worth considering.

Polar krypton is an important step in Geely's layout of new energy, and it is of great significance to Geely. On April 15, the polar krypton brand was officially released, and the first model, polar krypton 001, was officially launched, and the new car launched a total of three models with a subsidized price of RMB 28.1-360000 yuan; on June 15, polar krypton announced that it would suspend receiving polar krypton 001 intention gold from now on. Due to capacity constraints, polar krypton 001 deliverable orders have all been sold out.

However, there has been a lot of negative public opinion about extreme krypton recently. According to some Dading car owners, the new polar krypton car has already begun to "cut leeks" before it has been delivered, and the original standard configuration has become a paid option. At the same time, the price of the new car began to rise before it was delivered. In response to the reasons for the price increase, polar krypton officials said that it was uncertain about the state subsidy policy in 2022. It means that car owners in Dading from June 15 to July 31 will have to spend an extra 5400 yuan on the purchase fee, and many Dading owners are angry about this.

Tesla Model Y standard continued version went on sale on July 7, with a subsidised price range of 276000 yuan, and delivery of the new car is scheduled to begin in August. The arrival of the Model Y standard continuation version competes directly with Polar Krypton 001, or based on the official practice of Polar Krypton 001, or based on the delivery time, many car owners who have already booked Pole Krypton 001 begin to transfer or cancel the order.

Polar Krypton 001 as Geely's latest brand, the first model is called the brand model that is most likely to compete with Tesla. However, it is also because, as a brand new brand, its actions in the market are more likely to attract attention, and it will leave a bad impression if it is not careful. Now polar krypton is in this situation, even though polar krypton 001 is a good car. However, based on the official practice, many consumers still choose to wait and see.

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