AutoBeta(AutoBeta.net)07/05 Report--

Under the trend that the growth rate of domestic car sales slows down, the competition in the consumer market intensifies, and the profit of new car sales continues to decline, more and more automobile companies turn their attention to the auto finance market. Including Jianghuai Automobile, Dongfeng Automobile and other traditional car companies, as well as Tesla, Xiaopeng Automobile and other newly built forces are also the layout of financial leasing companies.

According to enterprise investigation data, on July 3, Weima Financial Leasing (Tianjin) Co., Ltd. was established with a registered capital of 800 million yuan. The company has two major shareholders, of which Weimar Automotive Technology Group Co., Ltd. owns 75% and Starfield International Co., Ltd. holds 25%. The future business scope of the new company includes: financial leasing business, leasing business, purchase of leased property from home and abroad, residual value treatment and maintenance of leased property, and leasing consultation.

According to the data, Shen Hui, founder of Weima Automobile, is the chairman of the new company, and Liu Xianzhi, vice president of Weima Automobile Group, is the legal representative. The latter became vice president of Weimar Automobile Group in March this year, responsible for the auto finance division, reporting directly to Shen Hui. At that time, Weimar said that Liu Xianzhi, who majored in finance, would rely on his many years of experience and accumulation in bank credit and auto finance to enhance the expansion and management of Weima auto financing and auto finance.

In addition, Weimar, founded in 2016, has so far completed six rounds of financing, the latest of which is the 3 billion yuan C round led by Baidu in March this year. On July 1st, Weimar announced that it had started D-round financing.

According to the report released by iResearch Consulting, the size of China's auto finance market in 2018 is about 1.52 trillion yuan, and the size of the car financial leasing market is 225.5 billion yuan. It is predicted that by 2021, the scale of China's auto finance market will reach 2.32 trillion yuan, and the scale of automobile financial leasing market will reach 389.7 billion yuan.

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