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With the rapid development of new energy vehicles, more and more companies are not willing to play a supporting role in the automobile industry. Recently, according to the contents of the prospectus submitted to the Hong Kong Stock Exchange, the company is using the knowledge and expertise gained from existing vehicle rental and sale services to open up new business opportunities, such as the research and development of electric commercial vehicles. At the same time, the prospectus also mentioned that the net funds raised by IPO will mainly be used to drive the growth of core businesses in mainland China and expand the range of services; further accelerate global business expansion to seize the broad opportunities in the global logistics market; invest in research and development to continuously develop and upgrade technological infrastructure; and for working capital and general corporate purposes.

Relevant information shows that Lala goods launched in Hong Kong in 2013, and its headquarters are located in Futian District, Shenzhen. It is an Internet logistics mall engaged in inter-city / cross-city freight, enterprise version logistics services, moving, truckload, car rental and car market services. Enter mainland China and Southeast Asian markets in 2014, and Latin American markets in 2019. The scope of services has expanded from intra-city freight to cross-city freight. At present, cargo lesbians can provide small and medium-sized vans, small vans, small flat panels, medium trucks, large trucks and other models. Apart from the fact that some of the vehicles are driver-owned vehicles, cargo lesbians have also cooperated with Wuling, Changan, Dongfeng and other car companies to provide two-lane car purchase and rental solutions for car-free drivers. According to the data: by 2022, the cargo Lala business has covered more than 400 cities in 11 markets around the world, with an average of 11.4 million monthly active users and 1 million drivers.

It is worth noting that cargo lesbians open their own way to build cars or have something to do with the current competition. In 2020, online car Didi officially launched Didi freight, announced that it will be stationed in the field of online freight cars, and officially lesbians of bid goods. After Didi entered the truck field, it used the method of burning money subsidy to hit the market, and the daily order volume exceeded 100000 in just three months. Therefore, it is not difficult to see that the emergence of Didi freight has also had a certain impact on the development of goods lesbians.

Zhou Shengfu, founder of cargo Lala, once said: the company's goal is to improve logistics efficiency through the mathematical transformation of "people, cars, goods, roads and warehouses". At the same time, Zhou Shengfu pointed out that digital and intelligent logistics will be the direction of innovation in the future. Although cargo lesbians have been laid out on AI, big data and IoT, cargo lesbians are still doing traffic business, and there is still a gap with Didi in technology.

Or in order to improve the current situation, lesbians also have to find other ways out. As early as 2021, there were media reports that cargo lesbians would start a car-building project to realize the closed loop of the logistics chain and the "digital intelligence" of cars. In addition, in the recruitment platform, we also saw Lala go online for positions such as experts on new energy trucks and complete vehicle products, and recruit talents in the manufacture of new energy trucks. At that time, the cargo lesbians responded: "the company will continue to recruit and reserve talents, but there is no information that can be disclosed for the time being."

In July last year, the Management Committee of Chongqing High-tech Industrial Development Zone announced that Lala plans to set up an automobile headquarters in China within the direct management park of Chongqing High-tech Zone with a total investment of 10.5 billion yuan. the layout and construction includes vehicle research institute, intelligent network connection center, supply chain and large-scale manufacturing coordination center, etc. In addition, a person familiar with the matter revealed to the media that the base of the car-building project is located in Chongqing High-tech Zone, the office is located in Chongqing University City, and the team has been initially configured, including the car-building team, the post-market auto repair team and the auto sales team. At the same time, it is also revealed that the cargo lesbian car-building project has been in contact with brilliance Xinyuan and Changan Crossing, and the details of the cooperation are unknown, and the preliminary model is scheduled for the freight version of the van type.

New energy vehicles are the development direction of the automobile industry in the future, and the state and the government are also increasing investment in new energy vehicles. The expanding market and huge capital potential make many giants eager to "build cars". Trying to get a piece of the pie. However, it is not easy to enter the bureau to build a car, in addition to the need for sufficient funds, production qualifications, R & D capabilities, product mass production and follow-up delivery and services will face many tests. Although, according to the prospectus provided by cargo lesbians, goods lesbians made a profit of $1.036 billion in revenue for the first time in 2022, with an annual profit of $53.23 million. However, in terms of previous revenue, it was not ideal, with a revenue of US $529 million and a loss of US $155 million in 2020. Revenue in 2021 was $844 million and loss was $631 million. As for the losses in the previous two years, Lala said: mainly to accelerate regional expansion in emerging and existing markets, sustained investment and high user acquisition costs.

From the perspective of the general environment, at present, the competition in the field of pure electric commercial vehicles is not very fierce, so the research and development of electric commercial vehicles is also a good time. However, judging from the current business model of freight lesbians, it is difficult to implement the car-building project in a short period of time. In addition, some people in the industry pointed out: "New energy commercial vehicles are the inevitable direction of the development of the logistics industry in the future. The trend of small vehicles is relatively clear, while large vehicles need to consider the issue of service life and carrying capacity." At present, cargo lesbians are more likely to cooperate with manufacturers, and car construction can only be done later. "

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