After all, Weilai Automobile just said in the 20 19 earnings conference call that the company's current financial situation is not enough to provide the necessary funds to meet the future 12 months of continuous operation. Then, Wei Lai was also listed as the executor by the Jiading District People's Court in Shanghai, with the execution target of 165438+ 10,000 yuan.
Although it is common for the new forces to build cars to have financial problems, Weilai Automobile quickly responded that being listed as an executor is only a normal commercial dispute. However, it must be said that for Weilai Automobile with poor sales and low cost, lack of money is an indisputable fact.
But soon, Porsche officials came out to clarify that it was not Porsche that invested in Weilai Automobile, but Porsche's venture capital company invested in Weilai Capital. It also said that at present, Weilai Capital's insights and resources in the automotive field have achieved good returns. The purpose of this investment is to strengthen the links between China's future tourism markets.
Who is Weilai Capital?
Weilai Capital is a market-oriented private equity investment institution that integrates the concepts of industrial investment and value creation, and is an industrial fund independent of Weilai Automobile.
The core team of Weilai Capital includes Li Bin, Chairman and CEO of Weilai Automobile, Zhu Yan, an investor in new energy and smart cars, and Yu Ning, former vice president of Geely Holding Group. From this point of view, Weilai Capital is not unrelated to Weilai Automobile.
The first RMB fund managed by Weilai Capital is Weilai New Energy Industry Development Fund, which was jointly established by Weilai Automobile, Sequoia China, Gaoyao Capital and Changjiang Industry Fund. The target scale is 654.38+00 billion yuan.
For the investment field, Weilai Capital's core investment covers electric vehicles and related technologies, intelligent driving, car networking and travel, new energy and energy Internet, new materials, advanced manufacturing and other fields.
Who did Weilai Capital invest in?
At present, Weilai Capital official website shows that there are 17 investment companies, including Sima Xiaoxing, an autonomous driving startup, and Infrastructure Energy Chain Group, as well as battery-related suppliers in the field of travel, such as Dida Company, Shouqi Car Rental, Bai Rong Science and Technology, and Win-Win Laser, as well as technology companies such as Innovation and Car Link World.
It is worth noting that many products and enterprises have become industry leaders.
Among them, Pony.ai recently received $462 million in financing from investors such as Toyota and Fidelity International to accelerate the development and commercial application of autonomous driving. At present, Ma Xiao Zhixing is a leader in the field of autonomous driving in China with a total financing of nearly 800 million US dollars and a valuation of 3 billion US dollars.
In addition, during the epidemic, Weilai Capital and its member enterprises also donated money and materials to contribute their own strength.
Among them, Weilai Capital donated 2 million yuan, and donated N95 masks, ordinary masks and medical gloves with a value of110.5 million yuan; Weilai Capital Enterprise Black Sesame donated medical masks and protective clothing worth 6.5438+0.5 million yuan; Weilai Capital Energy Chain Group donated 6,543,800 yuan, and also donated 300 tons of fuel worth 2 million yuan; The member companies of Shouqi Weilai Capital set up a social security team to provide travel and medical services for the residents of Wuhan Development and Qiaokou. ...
From the current point of view, Weilai Capital has not invested in Weilai Automobile, so Weilai Automobile will not directly get money to alleviate the financial problem because of Weilai Capital's investment.
However, financial problems have not affected Li Bin's confidence. He said in the earnings call, "Weilai is confident that the gross profit margin will turn positive in the second quarter and reach the double-digit target by the end of the year." But in the face of the current automobile market environment, we can only say that there are many obstacles.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.