On September 17, China Evergrande New Energy Automobile Group Co., Ltd. (00708. HK (hereinafter referred to as "Evergrande Automobile") announced on the Hong Kong Stock Exchange that it was decided by the company's board of directors to issue RMB shares and list them on the Shanghai Stock Exchange (hereinafter referred to as "Shanghai Stock Exchange") in science and technology innovation board.
A person familiar with the matter told Caijing Automobile that Evergrande's return to A shares was to open up financing channels. Some experts believe that Evergrande's landing in science and technology innovation board can share the recent market sentiment dividend of the automobile and new energy automobile sectors in the capital market.
Strive to become the first stock of new energy vehicle technology innovation board.
Insiders said that Evergrande will strive for a quick listing, or it is expected to become the first new energy automobile company to land in science and technology innovation board.
According to public information, Weimar and He Zhong, two new car-making forces, are also scrambling for the scientific and technological innovation board. Earlier, some media reported that Weimar would be the first new energy vehicle in the science and technology innovation board. Weimar Automobile 202 1 will be listed in science and technology innovation board at the beginning of this year.
Bai Yiyang, International Research Department of China Merchants Bank, said that it is impossible to determine the science and technology innovation board listing time of Evergrande and Weimar at present, depending on the filing time and inquiry response cycle of the enterprises themselves. Moreover, although Geely Automobile is the first car on the science and technology innovation board, it actually declares new energy vehicles on the science and technology innovation board.
The above-mentioned insiders pointed out that Evergrande's return to "A-share" is mainly to open up financing channels.
As for the specific details such as the funds to be raised, the insider said that it is necessary to wait for further disclosure by Evergrande. What is certain, however, is that the funds raised by Evergrande on the Science and Technology Innovation Board are mainly used for the "new four modernizations" field, especially for the development of the new energy automobile industry.
However, Evergrande Automobile said that since the issuance of RMB shares requires the necessary regulatory approval, there is still uncertainty about whether this resolution will be implemented and it needs to wait for further disclosure.
Benefit from the favorable environment in the field of new energy.
Evergrande plans to land in science and technology innovation board, which is also related to the improvement of the listing environment of domestic new energy sector.
Bai Yiyang pointed out that Evergrande's return to A shares can share the recent market sentiment dividend of the capital market in the automobile and new energy sectors. He pointed out that with Geely, Dongfeng and other car companies planning to return to the A-share market, it will help the A-share market reassess the automobile industry and enhance the overall prosperity of the new energy sector.
When Evergrande is listed in science and technology innovation board, it can enjoy the favorable factors brought by market sentiment.
On April 30th this year, the CSRC issued the Announcement on Relevant Arrangements for Domestic Listing of Innovative Pilot Red-chip Enterprises, which added new domestic listing standards for red-chip enterprises: independent research and development, international leading technology, strong scientific and technological innovation ability, and being in a comparative advantage position in the same industry competition.
The improvement of the policy environment has promoted the rise of the new energy automobile sector. The financing environment of new energy vehicles has also improved, and new forces such as Weilai, Weimar and Tucki have begun to make profits. For example, Weimar completed the D round of financing in early September, and Xpeng Motors also received a total financing of about 800 million US dollars in July and August.
On September 14, Evergrande Automobile also received an investment of about HK$ 4 billion, including Tencent Holdings Limited, Sequoia Capital, Yunfeng Fund and Didi Chuxing.
The above-mentioned insiders said that Evergrande intends to land in science and technology innovation board, or it is also related to the optimism of domestic head investors such as Tencent and Ali. "The optimism of Tencent and Ali has given Evergrande the confidence to return to the domestic capital market."
Accelerate the entry into the new energy vehicle market
At present, Evergrande has accelerated the layout of the new energy vehicle market. In the second half of this year alone, Evergrande made substantial progress in acquisition, financing, products and production bases.
For example, Mini, a wholly-owned subsidiary of Evergrande Health, on June 10? Minor bought the remaining shares of NEVS for $379.5 million. Evergrande motor acquired NEVS, focusing on Saab technology and the platform behind it.
On July 27th, Evergrande Health said that since new energy vehicles have become the most important business of the group, the board of directors suggested changing the company name to "China Evergrande New Energy Vehicle Group Co., Ltd.". On September 1 day, Evergrande Health completed its name change, and its share code remained unchanged.
On August 3rd, Evergrande Automobile also released six models of Hengchi 1, Hengchi 2, Hengchi 3, Hengchi 4, Hengchi 5 and Hengchi 6. Six products strive to start trial production in the first half of next year and achieve mass production in the second half.
On August 7th, the Shanghai production base and Guangzhou production base of Evergrande Automobile were unveiled. The two bases are expected to have trial production conditions in September, with the planned production capacity of 200,000 vehicles/year in the first phase.
On August 27th, Evergrande Motor also mentioned the sales channel construction plan in its interim results. Evergrande Automobile is preparing to build three major centers of Hengchi automobile exhibition experience, sales and maintenance after-sales service, including 36 Hengchi exhibition experience centers, 1600 Hengchi sales center and 3,000 self-operated and authorized maintenance after-sales service centers.
According to the above-mentioned insiders, the plan to build three centers has not yet officially landed.
In terms of battery technology, Evergrande decided to build a number of super factories with an annual production capacity of 30GWh within 10, covering battery materials, power lithium batteries, solid-state batteries, hydrogen fuel batteries, energy storage batteries, wireless charging and other fields. , battery system recycling and other business sectors.
Evergrande will cooperate with Didi, Tencent and Alibaba in the fields of * * * travel enjoyment, in-vehicle system and intelligent network connection system.
All the above plans of Evergrande need huge financial support. According to Pan, financial director of Evergrande Automobile, from 20 19 to 20021year, the total investment of Evergrande in automobile business will reach 29.4 billion yuan. However, according to the forecast, the automobile business will not be profitable until 2022.
Bai Yiyang believes that both the introduction of HK$ 4 billion investment and the return to A-shares can provide a financial basis for the long-term development of Evergrande.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.