On February 25th, the signing ceremony of major industrial projects in Hefei in 22 and the launching ceremony of Jianghuai Weilai EC6 mass production project were held in Jianghuai Weilai Factory, Hefei, with a total investment of 12 billion yuan for eight projects including Weilai Automobile China Headquarters Project.

Weilai signed a contract with Hefei Municipal Government

Qin Lihong, president of Weilai, mentioned in the WeChat circle of friends that "Hefei will make a strategic investment in Weilai". Li Bin, the founder of Weilai, confirmed this matter. Some media said that Qin Lihong said that "the project investment is 1 billion yuan, which means that the local government will raise 1 billion yuan and invest in Weilai."

On the evening of February 25th, some media reported that Li Bin denied the rumor that Geely Automobile planned to invest 3 million US dollars in Weilai, which is expected to become the third largest shareholder. But he said that on the other hand, it also means that more and more investors have seen the value of Weilai Automobile.

February is Weilai financing month?

affected by this news, JAC's A-shares closed at a daily limit of 5.35 yuan. As of 18: 1 Beijing time, Weilai's share price rose by $1.8 to $4.96, an increase of nearly 3%, a record high this month.

from the low of $1.19 last year to this wave of $5.65 in Big bounce, many investors have cleared their positions. Even Zhang Lei, who said he was willing to grow up with the company, completely cleared his position in December last year.

"the worst person in 219"? Li Bin

Since the second half of 219, Weilai has suffered losses and once faced the risk of grain shortage, and Li Bin has also become the "worst person" in 219. Both the media, peers and users pay close attention to Weilai's financing situation. Weilai's financing process is like a soap opera that is constantly exposed and denied. Looking forward to it, while disappointed.

Weilai has been having scandals with Beijing Yizhuang Guotou, Guangzhou Automobile, Geely, etc., but none of them are real, and the cooperation with Hefei may mean that Geely's investment plan of $3 million is ruined.

in may last year, weilai signed a framework agreement with Beijing yizhuang international investment development co., ltd. According to the agreement, Weilai will set up Weilai China in Beijing Economic and Technological Development Zone and inject specific business and assets into Weilai China. Yizhuang Guotou will contribute 1 billion yuan in cash to Weilai China through its designated investment company or jointly with other investors. At the same time, it is announced that after entering Beijing, it will implement the "dual headquarters strategy" with the Shanghai company. Subsequently, on July 24th, Weilai Automobile Technology Co., Ltd. was incorporated in Yizhuang, which was regarded as the real hammer for Weilai China to settle in Yizhuang. But in the end, there was no news released by both parties, and the project sank into the sea.

In October, Weilai reported another 5 billion yuan financing project with the Xing Wu District Government of Huzhou City, Zhejiang Province. If the project can land, Weilai will build a factory with an annual production capacity of 2, vehicles in Wuxing District. However, the project was finally denied by the Xing Wu district government, and stressed that the risk of introducing the project was too great.

In p>22, Weilai changed its downward trend last year. Since February, it has successively obtained 2 million US dollars (about 1.4 billion yuan) of convertible bonds financing. The investors are all "unrelated Asian investment funds", that is, pure financial investors. For Weilai, this is undoubtedly an encouragement, and it also means that it has been recognized by the capital market.

However, according to Weilai's third quarterly report, its loss in a single quarter reached more than 2 billion yuan, and this life-saving money of 1.4 billion yuan is obviously not a long-term solution. Therefore, the fate of Weilai's "lack of money" has not changed. If we want to ensure its benign and long-term development, we need to invest more money.

However, just a few days before the agreement with Hefei came to fruition, Chuanjili took US$ 3 million (about RMB 2.1 billion) to become a shareholder in Weilai. However, before the two sides have further news, the cooperation agreement between Hefei municipal government and Weilai has already landed, which may mean that Geely's investment has been ruined.

Earlier, Qin Lihong, president of Weilai, told Sina that "Geely's investment in Weilai is still a rumor objectively." "As a listed company, we have reached the stage of disclosure, and we will disclose it by means of announcement of listed companies. At present, it is impossible and inconvenient to say anything in advance." Qin Lihong said.

timely rain in the industry

But there is no doubt that the landing of the Hefei municipal government project is another proof that Weilai has won the favor of the capital market.

It is worth mentioning that after the announcement of this news, Ma Fanglie, general manager of BAIC New Energy, Wang Guangyu, general manager of Jianghuai New Energy Marketing Company, Yu Dexiang, chairman of TELEX New Energy Co., Ltd., He Xiaopeng, founder of Xpeng Motors, Micheal Ning, general manager of Great Wall Euler brand, and Shen Haiyin, founder of Singularity Automobile, and many other car circle bosses expressed their congratulations to Wei Lai and Li Bin in the WeChat group for the first time.

As peers in the automobile industry, on the one hand, they hope that the cold winter in the capital market can end, on the other hand, they also hope that the automobile enterprises can get the support of the local government. After all, 22 is an extraordinary year.

At the beginning of p>22, autobots are still immersed in the expectation of "spring of automobile market", and the sudden COVID-19 epidemic has disrupted everyone's rhythm.

according to the monthly sales data in January released by the Federation of Passenger Cars and the China Automobile Association, the sales of new energy vehicles were directly halved. At that time, Cui Dongshu, secretary-general of the Association, believed that the epidemic had put greater pressure on the sales of new energy vehicles.

It's almost difficult to launch new products offline for car companies. In the first half of this year, almost all large-scale activities related to cars, such as launch conference, test drive meeting and tasting meeting, will be postponed or cancelled.

Qin Lihong believes that Hubei Province and Wuhan City are one of the centers of the whole automobile industry in China, and even the global automobile industry and parts industry. "I believe that no company in the whole industry should be able to avoid Hubei's supply chain." In Qin Lihong's view, it is impossible for Wuhan's epidemic situation to be completely solved and the entire automobile industry to completely return to normal.

some foreign media reported that in order to revive the market, China may extend the subsidy for new energy vehicles until after 22.

The news that Weilai signed a contract with Hefei was like a timely rain. The leaders of Anhui Province and Hefei City watched the live demonstration of Weilai Automobile's power exchange, which showed that the local government attached great importance to Weilai.

Anhui local media even commented that the Weilai China project "is highly compatible with the industrial clusters such as integrated circuits, new energy vehicles, biomedicine and high-end equipment manufacturing that Hefei focuses on, and it is of great significance for China's communication industry and high-end intelligent electric vehicles to achieve independent and controllable development and cope with international competition."

For Wei, this is also a "new starting point and new opportunity."

Source: First Electric Network

Author: Wang Yuqin

This article is from Chejia, car home, and does not represent car home's viewpoint.