AutoBeta(AutoBeta.net)03/08 Report--

According to the media, Weimar announced that it has completed a total of 3 billion yuan of C-round financing, led by Baidu Group, Taihang Industrial Fund, linear capital and other investment, financing will be mainly used for user experience and technology research and development. Up to now, the cumulative financing amount of Weima Automobile has been nearly 23 billion yuan. According to people familiar with the matter, Weimar's valuation is expected to be further improved after this round of financing.

Shen Hui, founder, chairman and CEO of Weimar, said that Weimar will be fully upgraded in multiple dimensions in 2019. First of all, technology upgrading is to strengthen the layout of self-driving Weima cars and achieve a breakthrough in intelligent network connection; secondly, product upgrading, when enriching the product portfolio, mass production cutting-edge technology, to meet the needs of more users; third, the upgrading of sales methods, while improving delivery and service capabilities, optimize and expand offline channels Finally, smart upgrade is used to strengthen the customized production capacity of C2M, enhance the industrialization ability of R & D results, and improve production capacity and delivery speed.

Weimar has said it has "built a new customer-centric retail channel network, created a new 4S (Space, Store, Station and Spot) model, and has signed up a total of 50 Zhihang partners." At present, it has covered nearly 50 major domestic cities, including Beijing, Shanghai and Guangzhou, and has started the delivery of EX5 in 21 cities across the country, and plans to expand the number of partners signed by Zhihang to 100 this year.

Since the second half of 2018, "lack of money" has been the biggest headache for investors on almost every track. In the capital-intensive field of car building, the problem is even more obvious.

Li Bin, founder and chairman of Xilai Automobile, once said, "20 billion yuan is only a threshold fund." He Xiaopeng, chairman of Xiaopeng Motor, once lamented that "20 billion yuan is simply not enough to spend." Shen Hui, founder of Weimar, also said: "it takes at least 30 to 40 billion yuan to set up an automobile company." Therefore, in the new power of car building, financing has always been an important criterion to measure its strength.

This year, Weimar continues to recruit and expand its talent layout. A few days ago, Weimar announced that Dr. Mei Songlin, a senior analyst in the automotive industry, has joined Weima as chief data officer, which will strengthen Weima's ability in fine operations such as data application and user orientation in the future. In addition, Liu Xianzhi, who has many years of experience in auto finance, joined Weimar as the group vice president to lead Weimar's auto finance division and strengthen Weima's corporate capabilities in financing and auto finance.

For Weima, the completion of round C financing obviously gives it the "ammunition" to continue to grow in the cold winter.

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