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A few days ago, the wholly-owned subsidiary of the capital increase project of Chongqing Changan New Energy Automotive Technology Co., Ltd. was listed on the Shanghai United property Exchange.

According to the announcement, the specific conditions for this capital increase are as follows: within the publicity period, at least two final investors who meet the eligibility criteria, accept all the conditions for capital increase and are confirmed by the capital increase (among them, the investment amount of a single investor is not less than RMB 50 million yuan), sign a capital increase agreement.

In fact, in October 2017, Changan Automobile released its new energy strategy, the Shangri-La Plan, which includes four strategic actions: 100 billion action, ten-thousand-person research and development, partnership program and extreme experience, with the goal of building three new energy dedicated platforms by 2020, and plans to invest 100 billion yuan.

In October 2018, Changan New Energy vehicle was publicly listed on the Shanghai United property Exchange, announcing plans to increase capital and shares and introducing no less than three strategic investors, in order to further promote the accelerated landing of the "Shangri-La" plan. accelerate the development of new energy vehicle business. The total new registered capital subscribed for shall not be less than 103.040816 million yuan, and the total shareholding proportion after the capital increase shall not be less than 51%. However, on June 11, Changan New Energy vehicle applied to the Shanghai Stock Exchange to suspend the public listing of the capital increase. Changan New Energy vehicle told the media that it will optimize the mixed reform plan for new energy technology companies, and the opportunity to introduce social capital has not stopped.

More than two months later, Changan New Energy started the capital increase project again, but it is not difficult to see that this time the terms and conditions have been significantly reduced compared with the previous, from the original three companies to 2, subscription funds have also been reduced to 50 million yuan.

Chongqing Changan New Energy was founded in May 2018, shareholder Chongqing Changan Automobile Co., Ltd. (100% shareholding), legal person Li Wei, actual capital injection of 99 million yuan. Up to now, the company has 1169 people. Under the wave of automobile "new four modernizations", as well as the withdrawal of subsidies in the new energy vehicle industry and the slowing down of the growth rate of the new energy vehicle market, Changan New Energy has to start the plan again in order to enhance its core competitiveness and boost the company's performance.

According to the latest financial statistics released by the company, the debt is 1.87 billion, the revenue is 2.9 billion, and the net profit is-424 million yuan. Data show that Changan New Energy sold 1449 new energy vehicles in August and sold 28083 vehicles in the first eight months of this year, meeting only 36.6% of the sales target.

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