On February 25th, Weilai, who was at the forefront of various financing divestments, officially announced in Hefei Jianghuai Weilai Factory that Jianghuai Weilai EC6 mass production project was launched. At the same time, China headquarters of Weilai Automobile officially settled in Hefei, and signed a strategic cooperation framework agreement with Hefei.
Weibo, the official certification of Hefei Municipal People's Government (now deleted and reissued), released earlier today. According to the agreement, Weilai will set up its China headquarters in Hefei, and establish R&D, sales and production bases in Hefei and its surrounding areas, and build an operation system of its China headquarters centered on Hefei.
Financing is used for the company's research and development, the establishment and operation of the market system; At the same time, it is planned to build the headquarters and R&D base (65.438 billion yuan) and the second production base (65.438 billion yuan). Weilai China is expected to earn 654.38+04.8 billion yuan in revenue in 2020, 654.38+02 billion yuan in revenue in 2024, 420 billion yuan in revenue and 7.8 billion yuan in tax revenue in 2020-2025, and be listed on the Science and Technology Innovation Board before 2025.
The framework agreement will bring more than10 billion pounds of financing.
According to the official financial report released by Weilai Automobile, the total revenue of Weilai was 4.95 billion yuan in 20 18, but the net loss reached 9.639 billion yuan, up 92% year-on-year. As the financial report for the fourth quarter has not yet been released, the total revenue of Weilai Automobile in the first three quarters of 2065438+2009 was 4.976 billion yuan, including16310000000 yuan in the first quarter,15.08 million yuan in the second quarter and18.37 million yuan in the third quarter.
As of September 30th, 200019, the cash and cash equivalents, restricted cash and short-term investments of Weilai Automobile amounted to 654.38+096.07 billion yuan, a decrease of 654.38+049.49 billion yuan compared with the second quarter and a decrease of 43.25% from the previous quarter.
Although the Hefei municipal government will give Weilai exactly how much investment, but judging from the news that Weibo, the Hefei municipal government, has deleted and re-released, the specific figures are vague. But what is certain is that the planned financing of this project will exceed10 billion yuan.
Judging from the financial report released by Weilai, the intervention of Hefei municipal government will alleviate Weilai's short-term financial difficulties to some extent. For Hefei, in this signing ceremony, in addition to the China headquarters project of Weilai Automobile, seven other projects were also signed, with a total investment of 654.38+002 billion yuan.
The eight contracted projects are: China Resources Group Strategic Cooperation Project, China Electronic Strategic Cooperation Project, Weilai Automobile China Headquarters Project, Israeli Tower 12-inch Analog Integrated Circuit Project, GCL Integrated Recycling Wafer Manufacturing Project, Guo Xuanxin Energy Power Lithium-ion Battery Project, Xinfeng Technology Packaging and Testing Project and Aerospace Jiacheng Special Equipment R&D and Manufacturing Base Project.
It can be seen that the Hefei municipal government also wants to build Hefei into a new energy automobile city by relying on Weilai Automobile, and plans to set up Weilai Center in Hefei in the future to build a leading enterprise with an output value of 100 billion in five years.
Return to the "old place" after unsuccessful campaigns in many places.
Since its establishment, Weilai Automobile has been seeking financing, and there have been many financial problems.
In fact, Wei's projects in China have begun to take shape. From the earliest site selection in Shanghai, I planned to build my own factory, but because Tesla "took the lead", it failed; In May last year, Weilai announced that it had signed a framework agreement with Beijing Yizhuang International Investment and Development Co., Ltd., registered Weilai China in Beijing, and built a new factory in Beijing Economic and Technological Development Zone to produce its second-generation platform models. Therefore, Yizhuang SDIC will invest 654.38+0 billion yuan in Weilai China project as a whole.
But as time went on, both sides avoided talking about it, and the matter went away. Since then, financing news has been reported in Guangzhou, Zhejiang and other places, but there is no following.
This time, Weilai announced the establishment of Weilai China Headquarters in cooperation with Hefu, and the cooperation mode was roughly equivalent to Yizhuang SDIC at that time. Only increase the financing scale by 4.5 billion yuan.
For Wei, there has never been an independent automobile production qualification, so since the birth of the enterprise, it has been produced by Jianghuai Automobile. Jianghuai Automobile's headquarters is also in Hefei. Through this cooperation, the connection between Weilai Automobile and Jianghuai Automobile will be closer.
It can also be seen from this signing that the Hefei municipal government's support for Weilai is also considerable. Except Weilai, the other seven companies are related supporting enterprises in the new energy automobile industry. For Wei, with the close assistance of these related supporting enterprises, lower prices can be obtained in mass production and logistics in the future, which should be regarded as a considerable advantage for the future that has been "short of money".
As we all know, Weilai is short of money at present. With the withdrawal of Gaoyao Capital, the third largest shareholder, the financing pressure of Weilai Automobile has further increased. On February 6, Weilai announced that it had signed a document with an unrelated Asian investment fund to issue and sell convertible notes with a total principal of 70 million dollars to the buyer through private placement, and another private placement of convertible bonds was completed in June+10, 5438, with similar terms to another unrelated Asian investment fund. The total principal of the two convertible bonds issued is about $6,543.8 billion.
Subsequently, in February of 14, Weilai signed the final transaction documents with two unrelated Asian investment funds, and will issue and sell convertible notes with a total principal of US$ 6,543.8 billion to the buyer through private channels. This means that Weilai has raised 200 million US dollars in February this year, and it is difficult to obtain financing for the bleak China automobile market under the influence of the epidemic.
Wei Lai said that the company currently has a number of other financing projects in progress, and the results at this stage are still uncertain. The company will follow the corresponding legal requirements and disclose important progress or information in a timely manner.
The sense of smell in the capital market is the most sensitive. For Jianghuai and Weilai, the most direct reaction is that the stock prices have both skyrocketed. For Wei, it has not reached the scale comparable to Tesla, but the upward trend has gradually emerged. With the endorsement of Hefei municipal government, the financing after Wei will probably be much smoother.
To sum up, it is a good thing that Wei has money to come in.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.