In the car industry in the value chain restructuring, business ecological reshaping of the important turning period, new energy cars to see the righteousness of the key support direction of the science and technology board.
Chinese Academy of Sciences academician Ouyang Minggao expected that the new energy car industry will usher in a sudden development in 2020. By 2025, the new energy car ownership or 50 million to 80 million units. A car securities analyst shows that, as a useful financing method, landing on the science and technology board on the new force of car-making is very beneficial.
But it is worth noting that, although the science and technology board has many benefits for the car industry, most new energy car companies, car after-market enterprises still adhere to the wait and see, so far are not related to the science and technology board. In contrast, a number of power lithium battery enterprises are listed in the list of accepted enterprises, to become the new darling of the science and technology innovation board.
In this regard, car industry analyst Wang Liu-sheng said that the battery is one of the primary capital components of new energy cars, with battery skills will be in charge of more resources, the breakthrough of battery skills will also become one of the primary competitive advantage of enterprises.
"New energy cars as an asset-heavy industry, the pre-financing is huge, and the entry threshold is high." Wang Liu Sheng believes that the successful listing of the science and technology innovation board means that the technological innovation ability has been recognized by both the market and the regulatory layer, brand awareness and brand influence must increase, and the company can also use this to further expand its business.
The new force of car-making is watching the "board" from across the river
As a corporate finance board to promote national scientific and technological financial innovation, the science and technology board aims to support a new generation of scientific and technological enterprises. With new energy, driverless, sharing travel and other innovative skills and innovative business models continue to develop and mature, the direction of such skills innovation, is the main point of the science and technology board to support the direction.
According to the exchange document, the new energy car, new energy car key parts, power battery and related skills service enterprises, etc., has become the main recommendation of the sponsor organization of science and technology innovation category.
As a prominent representative of the new energy car new force, Azure car has seen the righteousness. The information shows that its cumulative two-day increase exceeded 100% after landing on the New York Stock Exchange in September 2018. 2018 saw the sale of over 10,000 units of ES8, a luxury SUV priced over 400,000 yuan, and the completion of revenue of 4.95 billion yuan.
However, with the arrival of the company's unbundling period, Azure's share price fell into a long-term breakout. By now, the stock's all-time high is $11.60 per share, its lowest price in 52 weeks is $2.50 per share, and the average price for the past 52 weeks is $6.58 per share. The "Chinese Tesla" aura of the Azera car, is undoubtedly facing a difficult situation of declining sales of electric cars, increasing losses and falling stock prices.
The first team with the Azure sedan, Weimar sedan and Xiaopeng sedan, has also repeatedly indicated that it will actively consider different ways of financing, but the two sides have not officially confirmed the news of sprinting to the science and technology board. Shen Hui, chairman of the board, said in an interview that the board is a big boon to some early-stage startups, especially those with high skill content and large development capital investment. "Now the company is still on hold, there is no detailed plan in this regard for the time being. The current primary focus is still to get the product right. This year's policy is to self-blooding to complete the development, in the next year to complete the surplus."
Xiaopeng car vice chairman and president Gu Hongdi also publicly indicated that now Xiaopeng car to get equity financing plus bank loans more than 10 billion yuan, but the money spent is less than half of the Azure start delivery. On the issue of IPO, Xiaopeng will pay close attention to the market, together with the preparation of its own affairs to establish, IPO is a matter of water. "Will consider the science and technology board, but now there is no timetable for listing."
It is worth mentioning that with the new board investment and financing continues to be cold and way out of the car's capital needs day by day. The outside world is generally believed that the Great Wall Huaguan has been for the subsequent capital planning to find a way back. When the "Securities Daily" reporter to the Great Wall Huaguan whether the intention to "change the board" planning to land on the science and technology board, the Great Wall Huaguan and the way out of the car chairman Lu Qun and the company did not give a direct response, but stressed that because of the requirements of the information disclosure system, all to the announcement shall prevail.
As for the autonomous driving startups, whether it is Momenta, Pony, WeRide, which point to L4 level autonomous driving for passenger cars, or Tusimple, Plus.ai, Wincher Technology, which aspire to L4 level autonomous driving for commercial vehicles, it takes time to interval the listing requirements of the board.
Now, although the science and technology board has many advantages for the car industry, but the science and technology board after the opening of the gate to run, with a huge fantasy space and the space of the mall car technology companies, or because of the conditions do not meet, or actively give up the opportunity, or worry about the stability of market value, temporarily are not related to the science and technology board.
Lithium battery enterprises rush to the science and technology board
In the new energy vehicle enterprises wait and see atmosphere thick, lithium battery and car networking enterprises but sounded the trumpet to the science and technology board.
In the early announcement of the science and technology board accepted enterprises, and the use of new car skills related to a total of seven. Among them, five are in the field of power lithium battery, including Rongbai Technology, Tennai Technology, Jiayuan Technology, Hangke Technology and Liyuanheng, while Hongquan Internet of Things is in the field of car networking and Aofu Environmental Protection is in the field of car emission reduction. From the point of view of business operations, the seven accepted enterprises are high growth, high surplus characteristics, including six of the 3-year average revenue growth rate of more than 50%, the net profit margin is higher than 15%.
Information shows that Rongbaek technology to lithium battery cathode material and its precursors, its ternary cathode material products have been used in Ningde era, BYD, LG Chemical and other domestic and foreign lithium battery plant, the company valued at 15.8 billion yuan, the remaining four lithium battery enterprises valued at 2 billion yuan - 6 billion yuan.
Wang Liu-sheng said that, in terms of new energy cars, the battery is one of the primary cost components, battery companies control the core skills. Some traditional car manufacturers bargaining power is not strong, the cost control is difficult. And battery skills of the car companies in charge of more resources, the breakthrough of battery skills will become one of the primary competitive advantage of enterprises.
Some analysts say that the science and technology innovation board requires listed enterprises to have a certain surplus capacity, and "hard to make blood" has become an insurmountable distance in front of the new forces of car-making. The current direction of the companies accepted by the board, and the main board of the new skills direction of high similarity, are from the commercialization of the niche track. The greater significance of the science and technology board in the car industry, or is that it gives the lithium battery industry, parts and components enterprises, travel and other car after-market services greater fantasy space, so that the entire car industry industry chain to change.
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