AutoBeta(AutoBeta.net)05/29 Report--

Following the financing of 10 billion yuan from Xilai Automobile, another new car-building force, Aichi Automobile Co., Ltd., also received an investment of 1 billion yuan from the Mingchi Fund this month.

On May 9, Jiangxi Province Development and upgrading guidance Fund completed its contribution to Shangrao Mingchi New Energy Innovation Investment Center (Mingchi Fund). The amount of funds guided this time is about 1 billion yuan, including 300 million yuan from the provincial guidance fund. it is specially invested in the construction of the Shangrao workshop and production line of Aichi's production capacity of 300000 new energy electric vehicles, as well as the research and development of new models and the layout and construction of nationwide electric vehicle sales experience stores.

It is understood that after getting the capital injection, Mingchi Fund has completed the 1 billion yuan capital injection into Aichi Automobile in a relatively short period of time.

Aichi is a new car company that was founded in February 2017. although the company started late, it quickly received multiple rounds of financing. In April 2018, Aichi received a third round of financing, with a financing scale of about 7 billion yuan.

Aichi FEO Gufeng said in an interview with the media earlier: "it costs a lot of money to build a car, but I don't want to spend as much money as you think." At that time, 7 billion yuan was enough to meet the operation of Aichi car. Gu Feng, who also serves as CFO, says he also has a clear idea of how much each day-to-day operation costs.

While launching a new round of financing, Aichi is also preparing for the launch of its first production car, the U5. With the launch date of the first production car approaching, it is very urgent for Aichi to solve the problem of production qualification.

Earlier, according to people familiar with the matter, Aichi would buy 50 per cent of Lufeng Motor. Some analysts believe that the reason behind Aichi's stake in Jiangling Holdings is that Aichi has taken a fancy to Jiangling Holdings' production qualification. However, Aichi's acquisition of a 50 per cent stake in Jiangling Holdings may increase its capital and shares to gain its production qualifications.

However, Jiangling Holdings is not Jiangxi Jiangling Holdings Co., Ltd. (hereinafter referred to as "former Jiangling Holdings"). The former Jiangling Holdings has two vehicle manufacturers, one Jiangling Investment (Jiangling Automobile) and one Jiangling Holdings (Lufeng Motor).

Aichi acquired Jiangling Holdings. Through the acquisition, Aichi will acquire Lufeng Motor and its related Changbei and Xiaolan production bases, as well as automobile production qualifications. For Aichi, which urgently needs to solve the qualification of new energy production, it is undoubtedly a solution to the urgent need.

On February 18 this year, Aichi Auto official WeChat released a push, announcing that the super smart factory in Shangrao, Jiangxi Province was fully open. The factory, with a total land area of 633300 square meters, a total investment of 430860 yuan and a planned annual production capacity of 100000 vehicles, will be used to produce three new models, including two SUV and one MPV, which will be pure electric models. Trial production is expected to start in July and formal production is expected in January 2022.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat