BAIC Blue Valley: It is planned to raise no more than 8 billion yuan to be used for vehicle product upgrade and development projects, etc.
Tramway News: On July 15, BAIC Blue Valley announced that it plans to raise no more than 8 billion yuan through a non-public offering of stocks, which will be used for the development of skateboard platforms for scene-based products, the upgrade and development of vehicle products, research and development and Core capacity building projects and supplementary liquidity.
According to the announcement, BAIC Blue Valley’s net fundraising is planned to be invested in four projects, including the skateboard platform development project for scenario-based products, the vehicle product upgrade development project, the R&D and core capacity building project, and the supplementary working capital.
Among them, the vehicle product upgrade and development project has the highest investment of 2.683 billion yuan, and plans to invest 2.514 billion yuan in raised funds.
It is understood that the upgrade of vehicle products mainly refers to the upgrade and development of vehicle products for BAIC Blue Valley ARCFOX brand pure electric vehicles, including the new platform sports sedan (N51AB),BAIC New EnergyThe flagship product of strategic cooperation with Huawei, the B-class pure electric intelligent SUV (N62HBT) and the A-class crossover model (scenario-based product), are newly developed, and the C-class pure electric intelligent car (N61HBT) is upgraded and remodeled.
In addition, the skateboard platform development project for scenario-based products has a total investment of 2 billion yuan. BAIC Blue Valley said that it will develop chassis platform technology suitable for the lower body of various models, and take into account the design for different scenarios. Matching of performance, structure, etc.
In terms of R&D and core capacity building projects, BAIC Blue Valley plans to invest 1.673 billion yuan and plans to invest 1.383 billion yuan in raised funds. The specific contents include three electric technology capacity improvement projects, intelligent network technology capacity improvement projects and ARCFOX brand direct sales SPACE marketing channel network construction project.
Previously, on July 14, BAIC Blue Valley announced that the company’s net profit attributable to shareholders of listed companies in the first half of the year was -2.2 billion to -1.8 billion.BAIC Blue Valley said that in the first half of 2022, the shortage of chips, the price of raw materials such as batteries continued to rise, and the repeated outbreak of the new crown pneumonia had a great impact on the company’s performance; although the company’s performance in the first half of 2022New energy vehicle salesCompared with the same period of last year, it has increased, but it is still in the climbing stage, and the scale effect has not yet appeared.
-END Tramway 2022/7/18
Original title: BAIC Blue Valley: It is proposed to raise no more than 8 billion yuan to be used for vehicle product upgrade and development projects, etc.