Li Auto plans to list on Nasdaq on July 31. On July 20, Li Auto announced that the company plans to officially list on the Nasdaq market on the evening of July 31, Beijing time, with the stock code "LI".
The previously announced F-1 prospectus shows that the actual fundraising scale of Li Auto may reach US$500 million (approximately RMB 3.5 billion), which may become the largest IPO of Chinese concept stocks listed in the United States so far in 2020.
A company, Ideal can raise up to US$1 billion this time.
The prospectus shows that Ideal plans to use the funds raised for new product research and development, further development of capital expenditures including production equipment, and working capital.
Li Auto plans to launch a large SUV in 2022 and continue to use a range-extended powertrain.
Xpeng received another US$500 million in Series C+ financing. On July 20, Xpeng Motors announced today that it has completed the signing of Series C+ financing with the participation of well-known investment institutions such as Aspex, Coatue, Hillhouse Capital and Sequoia China.
Nearly $500 million.
This is the second time that Xpeng has received external financing since November last year.
In November last year, Xpeng Motors announced the completion of Series C financing, amounting to US$400 million.
In addition, Xpeng Motors has also obtained unsecured credit loans totaling billions of yuan from many Chinese and foreign banks, including China Merchants Bank, CITIC and HSBC.
Nezha Automobile launches Series C financing and plans to list on the Science and Technology Innovation Board in 2021. On the evening of July 20, Nezha Automobile officially stated that it has officially launched Series C financing and plans to be listed on the Science and Technology Innovation Board in 2021.
Nezha officially stated that Nezha's first mass-produced car, Nezha N01, and its second mass-produced car, Nezha U, were delivered in November 2018 and June 2020.
As of the first half of 2020, total deliveries exceeded 16,000 units.
In terms of channel construction, Nezha Auto has further expanded its capacity. As of the end of June, the number of offline channels exceeded 200, covering more than 180 cities.
In the third quarter of this year, the third mass-produced car "Nezha V" will be launched soon.
The new car is positioned as a small pure electric SUV, using industry-leading CATL batteries, with a NEDC comprehensive operating range of 401km.
Dongfeng Motor launches high-end brand "Lantu" A few days ago, Dongfeng's new high-end brand "Lantu" was officially released in Wuhan, and an independent subsidiary "Lantu Automotive Technology Co., Ltd." was also established at the same time.
Lantu will focus on the field of high-end new energy passenger vehicles, with its brand and market positioned in the high-end field.
Also released was the Lantu brand logo, and the brand slogan was "Strength? Creation."
It is reported that Lantu has planned 9 new models, covering SUVs, MPVs, etc., of which the first model is planned to be put into production and launched in 2021.
Cadillac will launch 5 new energy vehicles. Recently, the sustainability report released by General Motors showed that Cadillac will launch 5 pure electric models in the future, namely Celestiq, Lyriq, and pure electric vehicles like XT4, XT6 and Escalade.
Electric SUV.
At the same time, Cadillac also confirmed that the pure electric crossover model Lyriq will be put into production in 2022. The new car will be built using General Motors' pure electric architecture, positioned as a mid-size SUV, and will be unveiled in August.
It is worth mentioning that the car will use the Ultium battery, a product of the cooperation between General Motors and LG Chem. The highlight of the Ultium battery and drive system is that the cells of the battery can be arranged both vertically and horizontally, which is beneficial to
Optimize battery energy storage and vehicle layout; battery capacity ranges from 50 kWh to 200 kWh, which can support a cruising range of more than 600 kilometers.
Tesla Model Y launches leasing service A few days ago, foreign media Electrek reported that Tesla is launching a leasing service for Model Y to increase market demand for this electric SUV.
To buy Model Y at a low price, a down payment of US$4,500 is required.
The lease term is 36 months with 10,000 miles.
Brilliance Renault Jinbei plans to launch five new cars in three years. Recently, Brilliance Renault Jinbei Automobile Co., Ltd. released a market transformation plan.
In the future, Brilliance Renault Jinbei will establish a more professional, responsive and flexible organizational structure; and plans to launch a full range of light commercial vehicles by 2023, including 5 models covering different market segments.
These five models cover small, medium and large van vehicles (H-Van, M-Van, S-Van), including electrified models. In the next three years, we will maintain a steady pace of product release.
In the second half of this year, the company will launch a new Jinbei LCV model, which is the first model of the joint venture developed based on the alliance's quality control system and management standards.
Buick Envision S will be launched on July 29. Today, the Buick brand of SAIC General Motors announced that Buick Envision S and Envision S Avenir will be launched on July 29.
They are brand-new models based on General Motors' mid-size luxury SUV architecture.