Recently, it was reported that Geely Automobile will invest US$300 million in NIO and is expected to become NIO's third largest shareholder.
It is said that the price of Geely's stake in NIO should not be higher than the conversion price of US$3.07 for NIO's previous convertible bond financing. From this, it can be calculated that Geely will hold approximately 97.72 million shares of NIO, accounting for
After the share increase, the total share capital is approximately 8.5%, second only to NIO Chairman Li Bin and Tencent.
As of now, this rumor has not received a positive response from both parties.
In the past year, NIO has repeatedly reported that it has negotiated or reached cooperation with investors, including local government funds represented by Beijing Yizhuang State Investment and industrial funds represented by GAC. However, these investments either failed or failed.
However, NIO, which has been able to survive every crisis, also received good news a few days ago.
Different from previous capital support, this time it is the government "taking over".
On February 25, at the 2020 Hefei City’s centralized (cloud) signing of major industrial projects and the launch ceremony of NIO’s EC6 mass production project, NIO and Hefei City signed a cooperation framework agreement.
According to the agreement, NIO's China headquarters will be located in Hefei, and it plans to raise more than 10 billion yuan.
The signing of the final investment agreement will be completed by both parties within 2 months. This tens of billions of financing will also be the largest financing obtained by Weilai after its IPO in the United States.
For Weilai, which has temporarily alleviated its urgent needs, its survival has been temporarily solved. Next, the key is how to unleash more powerful power and achieve long-term development while ensuring the charm of its own enterprise. At this time, it is reported that Geely will take a stake.
The news naturally touched the "pain point" in the public eye.
After all, one side is Geely, a "gold medal buyer" who has made frequent moves, and the other side is NIO, a popular "actress" who is often rumored to have financing. Even if the combination of the two parties is just a rumor at the moment, it is enough to arouse people's imagination.
In fact, there have been rumors about Geely and NIO for a long time.
It is reported that since the middle of last year, Li Shufu has repeatedly discussed investment matters with Li Bin, but the two parties have never reached a consensus. In early January this year, media reported that Geely was bidding for NIO with GAC and SAIC.
Geely's "head" Li Shufu, who has repeatedly criticized new car-making forces in public, also changed his style at the 2019 Shanghai Auto Show. Not only did he visit and praise the Ideal Auto booth, but it was also reported that he began to have a relationship with Li Bin.
The rumors of contact and all these changes have made people imagine.
Of course, in addition to ghostly folk stories and unconfirmed rumors, from a practical point of view, Geely's investment in NIO also has a certain rationality.
Geely Holding Group already has a number of pure electric vehicle brands, including Geometry under Geely New Energy, Polestar jointly built by Volvo and Geely, etc. After the failure to acquire Aston Martin, Geely needs new projects to
Improve strategic layout.
The positioning of the Geometry brand is not as high-end as NIO, and the situations of Volvo and Polestar are more complicated. Although NIO is not a particularly ideal target from a company management level, NIO, which has a high-end electric vehicle manufacturing platform, is indeed a good choice for Geely.
Has a strong attraction.
At present, it seems that Geely already owns multiple car brands such as Geely, British, Lynk & Co, Volvo, London Taxi, Proton and Lotus. Considering Geely's consistent "aggressive" style and the need for strategic layout, investing in Wei
It's not a rare thing to come.
However, for NIO and NIO, who are currently in a state of loss, the extent to which Geely participates in NIO's investment, how the two parties collaborate, whether it involves changes in management, etc. need to be carefully considered.
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.