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Chery Zheng Tianbao: preparing for independent listing

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)06/29 Report--

Recently, the news about Chery New Energy or seeking the listing of Kechuang board has attracted much attention from the industry.

On May 29, Chery New Energy Automobile Technology Co., Ltd. changed its name to Chery New Energy Co., Ltd., and the main body of the market was changed from "other limited liability companies" to "other limited companies". This is considered to be in preparation for an independent listing.

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In response, during the launch of the 2019 small ants, Zheng Tianbao, deputy general manager of Chery New Energy Automobile Co., Ltd. And general manager of Chery New Energy Automobile sales Co., Ltd., responded that the company was indeed preparing for an independent listing. In order to "change the name", the company also held a special briefing, because the main attribute of the "technology company" can not meet the needs of future listing.

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According to the data, Chery New Energy was established in April 2010, formerly known as Chery Automobile New Energy Project team. In 2015, with the help of the national industrial policy, Chery's annual sales of new energy exceeded 14000 vehicles, an increase of 160% over the same period last year, ranking among the top three in the industry. In the same year, the net profit reached 87.32 million yuan, an increase of 226%, making it one of the few profitable business sectors of Chery Group.

However, at that time, new energy vehicles were the "tuyere" of the automotive industry, with a variety of policy support, making the sales of new energy vehicle companies soaring. As it is the key object of state support during the 13th five-year Plan period, it is a new highland where many car companies scramble to land, but Chery did the opposite at that time.

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In 2016, Conch profile bought a stake in Chery New Energy and took a controlling stake in the company. At this time, there is not industry speculation Chery backdoor listing. However, the conch profile gave up the acquisition of Chery due to lack of qualification.

But soon, Chery New Energy quickly obtained the car manufacturing qualification issued by the National Development and Reform Commission, and became the fourth independent manufacturer of new energy vehicles after BAIC New Energy, Yangtze River EV and Future Automobile.

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In the case of missing the first-mover advantage, Chery New Energy gradually opened the gap with other domestic new energy leading enterprises. During this period of time, Chery has accelerated the development process of the new energy vehicle sector from traditional car companies, becoming independent from the group and obtaining the qualification to build cars. Among them, BAIC New Energy, which was the first to achieve independence, officially listed A shares in 2018.

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In 2017, Chery New Energy sold 36882 vehicles, up 113% from the same period last year; last year, Chery New Energy sold 90537 vehicles, up 146% from the same period last year. As of May this year, Chery New Energy vehicle sales reached 2630, an increase of 55.3% over the same period last year and 26.3% month-on-month growth.

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And today, the newly upgraded 2019 little ants are officially on the market. A few days ago, the 100000th car of the Little Ant series was also announced at Chery New Energy Chengnan Factory; this time, Chery New Energy launched a total of three models (1 2 seats, 2 4 seats). And starry blue, lava red, Haoyue white, titanium ash, rising sun orange 5 colors to choose from. After the subsidy for new cars, the national uniform price is 59800-75800 yuan.

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