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Xiaopeng Motor set up a venture capital company with a stake of 76% at a cost of 300 million.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)09/27 Report--

A few days ago, Guangzhou Kun Pengke Chuang No.1 Venture Capital Partnership (Limited Partnership) was established, which is a venture capital company, according to Tianyan investigation. The new company has three major shareholders, of which Guangzhou Orange Bank Zhizhong Automotive Technology Co., Ltd. subscribed to 302 million yuan, holding 75.4975%.

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Guangzhou Orange Bank Zhizhi Automotive Technology Co., Ltd. is the main operating body of Xiaopeng Automobile, which was established on January 9, 2015. The legal representative is Xiaopeng founder and President Xia Heng, and he Xiaopeng holds 33.33% of the company.

In fact, not long ago, both Xiaopeng Automobile sales Co., Ltd. and Guangzhou Xiaopeng Automobile Investment Co., Ltd. changed their shareholders. In both companies, Guangzhou Xiaopeng Automotive Technology Co., Ltd. withdrew from the ranks of shareholders. After the change, Guangzhou Orange Hong Zhizhong Automotive Technology Co., Ltd. holds 100% of the company.

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It is understood that Guangzhou Kunpeng is a venture capital company, the scope of business includes: venture capital consulting business, acting for other venture capital enterprises and other institutions or individuals of venture capital business, venture capital, the company's executive partner is Shenzhen Antuo Hengyuan Fund Management Co., Ltd.

In the current depressed environment of the automobile industry as a whole, especially the new forces are more difficult, Xiaopeng Motor can also fund the establishment of a new company. According to traffic insurance data in August, China's new power sold only 5091 cars, accounting for 0.4 per cent of domestic passenger car sales that month. Among them, Xiaopeng G3 sales fell sharply in August, falling to fourth place, with sales of only 231 vehicles.

In response, Li Pengcheng, head of Xiaopeng automobile market, said that the decline in sales of Xiaopeng cars in August was related to the "empty window" of Xiaopeng's August products. The 2019 Xiaopeng G3 was cleared at the end of July. The 2020 Xiaopeng G3 started delivery in early September, and the transportation time for new and old models is too short, resulting in instability in the consumer market. Li Chengpeng said that although there was a serious decline in sales in August, Xiaopeng was known most in cumulative sales this year.

Compared with Xiaopeng Motor, Xilai Motor is not so considerable. This year, the company lost 3.285 billion yuan, higher than the expected loss of 2.9 billion yuan, and further aggravated compared with the loss of 2.623 billion yuan in the first quarter. According to statistics, the loss in the past four years has exceeded 40 billion yuan. By the end of June, NIO had total assets of about 18.2 billion yuan and total liabilities of 17.75 billion yuan.

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With the reduction of new energy subsidies, at a time when the whole new power is very short of money, how to finance and control costs will become more important for all new power cars. In the face of the new forces with a large number of sales that fall short of expectations, the challenge in the second half of the year will become more and more difficult.

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