Tramway News: January 24, Chang’an, Chongqingnew energy vehiclesTechnology Co., Ltd. (hereinafter referred to as “Changan New Energy”) B round is easy to formally complete. The B round of financing, including Changan Automobile, 10 companies invested, and raised a total of about 4.9773 billion yuan. At the same time, Changan New Energy has also introduced an employee stock ownership incentive mechanism. A total of 97 core key employees contributed 117 million yuan to participate in the B round of financing.
It is understood that during the financing process of Changan New Energy, Changan Automobile plans to increase its capital by 1.36 billion yuan (give up the right to increase capital in the same proportion), Nanfang Assets plans to increase its capital by 710 million yuan, and Bank of Communications Boyu No. 1 plans to increase its capital by 1 billion yuan; Chengyuan The fund plans to increase its capital by 700 million yuan; Wuhu Xinshi Xinhong plans to increase its capital by 500 million yuan; CICC Keyuan Fund plans to increase its capital by 200 million yuan; Southern Industrial Fund plans to increase its capital by 180 million yuan; Employee stock ownership platform plans to increase its capital by 117 million yuan; The Southern Industrial Smart Travel Fund plans to increase its capital by 110 million yuan; the Deqing Mixed Reform No. 2 Fund plans to increase its capital by 100 million yuan.
Changan Automobile is the first automobile state-owned enterprise in China to spin off its new energy business and develop independently, and to realize the reform of mixed ownership.Changan Automobile started to enter the market in 2011.new energy vehicleIn 2017, the “Shangri-La” plan with an investment of 100 billion yuan was released. In 2018, Changan Automobile packaged all its new energy businesses and established Changan New Energy.
Data show that in 2021, Changan New Energy’s sales will exceed 100,000 units, a year-on-year increase of 300%. However, the small car Benben E-Star is still the main selling model, occupying a relatively high proportion. According to the plan, Changan New Energy will challenge the annual sales target of 210,000 vehicles this year, and strive to achieve the target of 700,000 vehicles in 2025.
With the landing of the B round of financing, there is also news about the IPO process of Changan New Energy. It is reported that after the completion of this round of financing, Changan New Energy plans to complete the public listing around 2025. At the same time, Changan Automobile supports Changan New Energy to decide whether to continue the next round of financing before the IPO according to its development needs.
The article is excerpted from Tramway Exchange 20220125 from Beijing
Original title: Plans to IPO around 2025, Changan New Energy completed the B round of financing of nearly 5 billion yuan