Meituan, with a market capitalization of RMB 1 trillion, is accelerating its entry into the power battery field.

On December 16, reporters checked Tianyancha and found that Wuhan Bixidi Battery Materials Co., Ltd. (hereinafter referred to as "Bixidi") had undergone industrial and commercial changes, and the shareholder added Beijing Kuxun Technology Co., Ltd. (hereinafter referred to as "Kuxun"), a subsidiary of Meituan.

science and technology").

Since the second half of 2022, Meituan has not only participated in the capital increase of Xinwangda Automobile Battery, but also successively invested in two battery companies-Huzhou Super Sodium New Energy Technology Co., Ltd. (hereinafter referred to as "Super Sodium New Energy") and Bixidi, involving

Lithium-ion and sodium-ion batteries.

Bixidi, which has invested in two battery companies, Kuxun Technology, was founded in December 2017. The founder is Han Jiantao. Relying on the incubation of Wuhan New Energy Research Institute Co., Ltd., it is committed to the development and utilization of key materials and technologies for lithium batteries, and provides electrodes.

Complete solutions for material production processes.

In June 2017, Han Jiantao settled in Wuhan New Energy Research Institute Co., Ltd. (hereinafter referred to as "Wuhan New Energy Research Institute"), established a lithium-ion battery materials research and development division, and received 5 million yuan in project start-up funding support; in October 2018, relying on

Wuhan New Energy Research Institute, Bixidi applied for the Hubei Province Technology Innovation Special Major Project "Key Materials and Technologies for High Energy Density, Fast Charging, and High Safety Power Batteries".

Public data shows that in the past two years, Wuhan Xinyuan Automobile’s market share has grown at an annual rate of 40% to 50%, reaching 37,000 vehicles from January to July 2022, ranking behind Beijing, Shanghai, Guangzhou and Shenzhen nationwide.

Once breakthroughs are made in the research and development of innovative new energy battery technologies, it will surely promote the rapid development of the new energy automobile industry.

On November 18, Kuxun Technology invested in Super Sodium New Energy and became the third largest shareholder, with a shareholding ratio of 10%.

Super Sodium New Energy was established in August 2021 with a registered capital of approximately 4.2778 million yuan. Chairman and General Manager Jiang Yinzhu is a professor and doctoral supervisor at Zhejiang University. His research direction is electrochemical energy storage materials and devices, including lithium/sodium ion batteries.

, aqueous batteries, solid-state batteries, battery failure analysis and operation and maintenance monitoring.

Super Sodium New Energy focuses on the R&D and production of key materials and batteries for a new generation of energy storage systems - sodium-ion batteries. It focuses on sodium-ion battery products with low cost, long life, high safety and high energy density. The products can be used to cover low-speed electric vehicles.

, large-scale energy storage, electric vehicles and other fields.

CITIC Securities research report believes that the current sodium-ion battery industry is making overall efforts and the industrialization process continues to advance. It is expected that the sodium-ion battery industry chain will be basically formed in 2023, and global demand will exceed 100GWh in 2025.

Improving the smart car investment landscape Summary of the current layout of Meituan in the battery field, Kuxun Technology has become the main focus.

In addition to successive investments in Super Sodium New Energy and Bixidi, Kuxun Technology participated in the capital increase of Sunwanda Power Battery in August.

At the same time, Sunwanda Automobile Battery signed a "Convertible Bond Agreement" with 12 companies including Shenzhen Meizhu Meipeng Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as "Meizhu Meipeng") to provide convertible bonds to the above parties.

The total amount of borrowings is 1.19 billion yuan, which will be used for daily operating funds. The borrowing rate is an annualized simple interest of 6%, and the debt-for-equity swap arrangement will be completed in accordance with the contract.

Tianyancha shows that the actual controller of Meizhu Meipeng is Zhu Yonghua, the founding partner of Meituan Industrial Fund, and Wang Xing is listed on the shareholder list.

In the eyes of the outside world, Meituan’s deep participation in the investment in Sunwanda power batteries is to supplement the investment map of smart cars.

Starting in 2019, Meituan’s investment direction has shifted to areas such as smart hardware, automotive transportation, and advanced manufacturing.

Among them, in 2019, Wang Xing led the Series C financing of Li Auto, with a personal investment of US$285 million.

In 2020, Meituan led Li Auto’s D-round financing with US$500 million.

Since then, Li Auto has gone on the market, and both Wang Xing and Meituan have benefited.

Wang Xing previously lamented on social media: "Those friends who think that Li Xiang's ideal is to operate an ideal car worth 100 billion US dollars, you still underestimated it by an order of magnitude." The intention behind it is to improve transportation efficiency. As Meituan's market continues to grow,

Relying on crowd tactics will limit future growth space.

Continuous financial reports of losses have warned Meituan and investors.

Improving transportation efficiency has become one of the keys to Meituan's turnaround and rapid growth.

Meituan Chairman Wang Xing mentioned in the 2022 semi-annual report that the company adheres to the "retail + technology" strategy and expands its contacts with consumers to a wider range of rural and underdeveloped areas to provide farmers with more categories and richer products.

High cost performance product.

Wang Xing introduced that Meituan has developed cutting-edge technologies such as autonomous delivery vehicles and drones, allowing the company to operate innovatively in the future.

In the past two years, Meituan's automatic delivery vehicles have been operating in Beijing, Guangzhou, Shenzhen, Nanjing, Chengdu and other places, cooperating with relevant local departments and communities to carry out material distribution in closed areas.