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Will it be secondary listed in Singapore? Official response

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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According to Caijing Automotive and Sina Technology, Xilai is considering a secondary listing in Singapore. Xilai is considering a second listing in Singapore as early as this year, while plans to list in Hong Kong also face regulatory scrutiny, according to people familiar with the matter.

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In response to the above news, Xilai Automobile official said: the company does not respond to market rumors.

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In fact, as early as March 2021, there were media reports that the "three car-making brothers", Ullai Motors, ideal Motors, and Xiaopeng Motors, would return to Hong Kong for listing. After that, on July 7, 2021, Xiaopeng Motor was listed on the main board of the Stock Exchange of Hong Kong, realizing the dual listing of Hong Kong stocks and US stocks, and becoming the first company among the "three car-making brothers" to complete its listing in Hong Kong. Ideal car, ideal car, ideal car was also listed in Hong Kong on August 12 of the same year, while Ulai failed to do so.

In July 2021, it was reported that NIO had applied for a secondary listing in Hong Kong in March 2021, but was delayed due to the involvement of user trusts. Li Bin, CEO, transferred 50 million shares of the company to a trust fund for its auto users in 2019, giving customers "the opportunity to discuss and suggest the economic benefits of how to use these shares," but its founder Li Bin reserved the right to vote on the shares, according to a previous filing by Xilai. At that time, NIO did not respond to the news. In the previous 2021 NIO DAY, for the secondary listing of NIO Hong Kong, Li Bin told the media: "of course we will make arrangements for the most reasonable capital market for investors." There are no particularly new plans at the moment. "

According to people familiar with the matter today, Xilai may consider listing in Singapore. A person familiar with the matter said that Xilai would not abandon Hong Kong's plan entirely and would continue to discuss with Hong Kong regulators to try to solve the problem.

According to public information, Lai Motor was founded on November 25, 2014, and its products are positioned as luxury models. Less than four years after its establishment, Li Bin, founder and CEO of Xilai Motors, said when it was listed in the US in September 2018, it needs to set higher standards. Listing means higher standards and more responsibilities for the company. Listing can raise more capital, which can be used to develop better products and provide better services for users. So far, we don't know the exact time when Xilai will consider its second listing in Singapore.

In terms of vehicle sales performance, according to the latest data, Lulai delivered 10489 vehicles in December and a total of 91429 from January to December, compared with Xiaopeng and ideal cars. There is only a gap of nearly 1000 vehicles between the annual sales of Lulai and the ideal car, and Xiaopeng is ahead of more than 6700 cars.

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At present, the products of NIO include ES6, ES8, EC6, ET7 and ET5. Among them, the ES8, which was delivered in June 2018, is the first model launched by NIO. It is positioned as a deluxe medium-and large-scale SUV with a price of 45.67-611400. NIO ES6 will be delivered in June 2019 and will be positioned as a medium-sized pure electric SUV with a price of 34.67-513400. The EC6 will be delivered in September 2020 with a positioning sedan SUV at a price of 35.67-513400. In terms of sales volume, the cumulative sales of ES6, EC6 and ES8 in 2021 were 41474, 29905 and 20050 respectively.

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As for this year's product plan, according to the plan, Xilai will launch three models in 2022, including the ET7, ET5 and a hospitality model.

Among them, on January 20 this year, NIO officially announced that its first mass production car, ET7, officially opened the lock order, and will open the first batch of delivery on March 28th. It is understood that the car will provide three configuration options, the price is 44.8-526000 yuan range.

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In addition, the second car, ET5, was officially released on December 19 last year. The car will be released in two versions, 75kWh and 100kWh, with a pre-subsidized price of 328000 yuan and 386000 yuan respectively, and a positioning medium-sized luxury sedan, which is expected to be delivered in September 2022.

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