AutoBeta(AutoBeta.net)07/15 Report--

On July 15th, Zero run T03 comfortable version was officially released in Jinhua AI factory. According to the new product announcement information of the 346th batch of "Road Motor vehicle production Enterprises and products announcement" newly released by the Ministry of Industry and Information Technology on July 13, the name of the vehicle manufacturing enterprise with zero running C11 has been changed from the previous Changjiang Automobile to zero running automobile. the change in the name of the production enterprise means that zero running cars have obtained the production qualification of new energy vehicles and achieve self-production and self-sale.

The national control of pure electric passenger car production qualification is very strict, many new car manufacturing forces either through qualified car manufacturing companies to produce, or acquire qualified car companies to achieve mass production. For a long time, the products of zero-running cars are manufactured by Changjiang passenger car Co., Ltd. However, although the thunderstorm of passenger cars on the Yangtze River last year did not have a substantial impact on zero-running cars, there are also many uncertainties, and it is urgent to solve the production qualification. In April this year, Fujian Xinfuda Automobile Industry Co., Ltd. experienced an industrial and commercial change of investors (equity). Sanlong Group Co., Ltd., the former shareholder, withdrew and added Zero Automobile Co., Ltd., with a shareholding ratio of 100%. In other words, Fujian Xinfuda Automobile Industry Co., Ltd. has become a subsidiary of Zero running Automobile Co., Ltd., and the biggest purpose of acquiring the company is to obtain production qualifications.

At the same time, Zero Auto today also announced its 2.0 development strategy and goals for the next five years. Zhu Jiangming, founder of Zero car, shared the content of the strategy: zero Auto will launch eight new models of the four product lines A, T, C and D by the end of 2025, covering a price range of less than 350000, entering overseas markets in 2022, and the overall sales target of 800000 zero-running cars in 2025. In terms of self-driving technology, it is expected to achieve full-scene self-driving technology in 2024, surpassing Tesla in three years. In addition, Lingxin 01, an autopilot chip developed by Zero, will be installed on Zero C11 and will be available in October this year.

Data show that Zero Automobile was established in December 2015, jointly invested by Zhejiang Dahua Technology Co., Ltd. and its main founders. It is a new energy automobile company focusing on the R & D, design, production and sales of new energy vehicles and auto parts and accessories. At present, the models on sale are the zero run S01 of the positioning pure electric sedan, the zero running T03 of the positioning mini electric vehicle, and the upcoming pure electric medium SUV zero running C11.

According to the heavenly eye survey, zero-running cars have carried out wheel financing, with a cumulative known amount of 16 billion yuan. It is worth mentioning that on July 14, Zero Auto completed the Pre-IPO round of financing, with a financing amount of more than 4.5 billion yuan, led by CICC Capital, and the Hangzhou Municipal Government invested 3 billion yuan to participate in this round of financing. According to the plan, zero-running cars may submit IPO applications in the second half of this year and are expected to be listed on Science and Technology Innovation Board by the end of 2021 or early 2022.

Data show that in the first half of 2021, the order number of zero-running cars exceeded 21000, the actual delivery volume was 13045, and the target for the whole year was 62400. Zero-running cars have entered the first camp of China's new car-building forces, ranking in the top five, and will hit 800000 targets in 2025. At the same time, zero-running cars are also favored by the capital market, with round B financing exceeding 4.3 billion yuan and raising 1.3 billion yuan. Earlier, zero-running cars plan to become a new power TOP 3 in 2023, and it remains to be seen whether we can achieve this goal if we want to gain 10% market share of the domestic new energy vehicle market in 2025.

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