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In order to solve the debt and day-to-day operating problems, Chery introduces new investors through "capital increase and share expansion". At the same time, the new investor will become Chery's largest shareholder. Today, Chery Holdings and Chery Automobile officially announced that the capital increase and share expansion has been successfully completed, and Qingdao Wudaokou New Energy Automobile Industry Fund has become the new shareholder of Chery Holdings and Chery Automobile. Before the capital increase and share increase, as a state-owned enterprise, Chery's actual controlling shareholder was Wuhu Construction Investment Co., Ltd., which is under the State-owned assets Supervision and Administration Commission of Wuhu Municipal people's Government. After the capital increase and share expansion, Qingdao Wudaokou became the largest shareholder, directly holding 51% of Chery Holdings and Chery Automobile.
On February 1, Chery announced that all models would enjoy a lifetime warranty policy. It is understood that since January 1, 2023, all models of the four major brands of Xingtu, Chery, Jetway and Chery New Energy of Chery Group can be purchased. This is for the previous policy of "lifetime quality assurance for all-line model engines".
On September 4, Chery Holdings Group (hereinafter referred to as "Chery Group") released its latest monthly sales report. Data show that in August 2023, Chery Group sold 171300 vehicles, an increase of 20.8% over the same period last year, setting a new monthly sales record for two consecutive months, with cumulative sales in the first eight months of this year.
A few days ago, according to the "Bond 2020 Annual report" released by Wuhu Construction Investment Co., Ltd., Chery Automobile Co., Ltd. accumulated car sales reached 449000 vehicles in 2020, but the annual net profit was only 7.3718 million yuan. According to relevant data, Chery's revenue in 2020 was 34.762 billion yuan and its net profit was 7.3718 million yuan, down sharply from 392 million yuan in 2019. Chery Holdings' revenue in 2020 was 25.372 billion yuan, and its net profit was 1.168 billion yuan, an increase of 131 million yuan over 1.037 billion in 2019.
On October 3, Chery Holdings Group (hereinafter referred to as "Chery Group") released its latest monthly sales report. Data show that in September 2023, Chery Group sold 190100 vehicles, an increase of 30.7% over the same period last year. This is the third consecutive month that Chery Group sold more than 150000 vehicles, and the cumulative sales from January to September this year were 12.
With the new car market entering the stock era in recent years, many marginalized car companies have spent time in the difficult market of double decline in sales performance. In order to solve the debt and day-to-day operating problems, Chery introduces new investors through "capital increase and share expansion". At the same time, the new investor will become Chery's largest shareholder. However, Chery's mixed reform, which should have been settled, seems to be in flux.
Chery plans to introduce a mixed reform project of new investors by increasing capital and shares, and the new capital has finally surfaced. It is reported that Tengxing Yangtze River Delta (Haining) equity investment partnership (limited partnership) (hereinafter referred to as "Tengxing Yangtze River Delta") has reached an agreement with Chery holding Group Co., Ltd. (hereinafter referred to as "Chery Holdings") and Chery Automobile Co., Ltd. (hereinafter referred to as "Chery shares"), and paid a deposit of 4.7 billion yuan, which is expected to become the largest shareholder of Chery Automobile. If the transaction is completed, Tengxing Yangtze River Delta will become the largest shareholder of Chery Holdings, with a shareholding ratio of 30.99%, and acquire Chery shares through Chery Holdings.
According to the national enterprise credit information publicity system, industrial and commercial changes have taken place in Chery Automobile Co., Ltd. (hereinafter referred to as "Chery Automobile"). More than a dozen companies, including Chery Holdings Co., Ltd., Anhui Credit financing guarantee Group Co., Ltd., have withdrawn from the ranks of shareholders, adding Lixun Co., Ltd., Shanghai Hushan Investment Center (
Today, Chery announced on its official Weibo that its new series of new energy products is named "Fengyun" and launched a new brand logo. There was a poster slogan of "make a comeback", along with a preview of Fengyun's first model, the Fengyun A9. The official said that the official announcement was strange.
Lu Jianhui, one of the eight King Kong entrepreneurs in Chery, died of illness at the age of 55, according to news on the 25th. Lu Jianhui is one of the founders of Chery Automobile when it was founded in 1997. Together with senior executives such as Yin Tongyue, the current chairman and general manager of Chery Automobile, he is known as the "eight King Kong" when Chery was founded. During his tenure at Chery, he was in charge of technology, procurement, sales and other important positions. Lu Jianhui has a master's degree in automobile from Tsinghua University. He was the Director of the Technical Department of Anhui Wuhu Special vehicle Factory and the Director of the Technology Center of Anhui Auto parts Co., Ltd. (the predecessor of Chery). In 2000, he was appointed assistant to the general manager of Chery Automobile Co., Ltd.
Since Chery officially announced the ownership of Qingdao Wudaokou at the end of last year with 14.4 billion yuan, Chery seems to have entered a quiet period, and there is no way to know about the mixed reform. Recently, however, it has been reported that there has been a change in Chery's mixed reform.
On December 17, Chery Holdings Group released its sales plan for 2022. Chery Group set the goal of ensuring annual sales of 1.5 million vehicles, striving for 2 million vehicles and annual operating revenue of 200 billion yuan. In November, not long ago, the total sales of Chery Group was 110281 vehicles, an increase of 8.2% over the same period last year. Specifically, the Chery brand accounted for 76560 vehicles, an increase of 18.6% over the same period last year. Chery high-end brand Xingtuo achieved sales of 5189 vehicles (including exports) in November, an increase of 135.4% compared with the same period last year, while the monthly sales of the Jetway brand, which focuses on the middle and low end of the market, in November.
According to Tianyan survey data, Chery Automobile operator Chery Automobile Co., Ltd. has changed. Among them, 29 senior executives, including Qian Zheng, du Changkang, Zhou Biren and Li Feng, withdrew collectively, while 10 new managers were added, including Zhou Jiannan, Yan Chen, Lin Longhua, Zhang Jinsong, Xia Feng, Zhou Jianmin and Chen Xiang. In addition, the registered capital of Chery Automobile Co., Ltd. increased from about 4.46 billion to 5.47 billion, an increase of 22.73%. In order to solve the debt and operating problems, Chery introduces new investors by increasing capital and shares, and the new investors will also become Chery's largest shareholder. On December 4, Chery was.
In 2019, the auto market generally declined, in which case, the trend of decline of Chinese auto brands is particularly obvious. Chery is one of only a small number of car brands that have maintained an upward trend in a generally declining market. According to official figures released by Chery, Chery sold 46496 vehicles in June, up 8.7 per cent from a month earlier and 6.8 per cent year-on-year. From January to June, Chery sold a total of 284515 vehicles, up 8.5 per cent from a year earlier. The reason why Chery is able to keep rising in the declining market is mainly because Chery has made positive adjustments to change the status quo.
Chery issued two "instructions" on its official Weibo on June 14. According to the statement, the case concerning the contract dispute involving Chery holding Group Co., Ltd. and Chery Automobile Co., Ltd. reported by the relevant media has been completed; another "statement" shows that Chery holding Group has
Chery plans to increase capital and shares in the way to introduce new investors mixed reform project and there is new news. It is reported that Chery Automobile Capital increase and share expansion project during the listing pre-announcement, there have been two interested parties (private placement) to pay 5 billion yuan of intention money, according to Chery listing pre-announcement, the payment of sincere gold has a delisting competitive advantage. According to the news, the two intended investors are Tengxing Yangtze River Delta and Qingdao Wudaokou Fund. However, when there are two or more qualified prospective investors, a comprehensive evaluation will be adopted. Among them, the qualified intention party who pays 5 billion yuan in good faith will get 10 points in the comprehensive evaluation, with delisting competition.
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. 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. For the sake of changing the name,
Chery mixed reform started again, to increase capital and shares in the way of the introduction of new investors. A few days ago, Chery Automobile Co., Ltd. and Chery holding Group Co., Ltd. issued a pre-announcement of capital increase and share expansion, and both sides will introduce the same investor to participate in their capital increase and share expansion project. Chery Automobile Co., Ltd. is a subsidiary of Chery holding Group, and the identity of the controlling shareholder may change after the new investor injects money. Specifically, in the form of cash contribution, the new investors subscribed for more than 101.3 billion new shares of Chery shares and more than 1.921 billion yuan of new registered capital for Chery Holdings at the same time. Among them, the capital increase of Chery shares at a low price of 6.81572 billion.
On February 11, Chery Holdings Group released its first report card for the new year. Data show that Chery Holdings Group sold 107710 vehicles at its terminals in January, an increase of 20 percent over the same period last year and a record high for the same period. Wholesale sales in January were 87040, up 11.8 per cent from a year earlier. Specifically, Chery Group's overseas export sales were 26900, up 60.9% from the same period last year, and new energy vehicle sales were 20635, up 179.6% from the same period last year. From the perspective of Chery Holdings' car brands, Chery maintained a strong growth momentum, with sales of 67486 vehicles in January, up 34. 5% from a year earlier.
According to statistics from the China Automobile Association, the market share of independent brands fell from 43.4% in the same period last year to 39.5% today in the first half of this year. The decline in sales and the narrowing of market share have become a cruel fact that independent brands have to face. However, in the face of this cruel fact, Chery released first-half figures, which showed that Chery sold 28.45 vehicles in the first half of this year, up 8.5 per cent from a year earlier. In the case of the overall downturn in the car market, Chery unexpectedly bucked the trend of growth, bringing confidence for the next development. If you want to sell the development status of French Chery, use "surprise" and.
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