Tagged: capital

Who can take Tesla off the horse?

On November 2nd, the state released the “New Energy Automobile Industry Development Plan (2021-2035)”, a blueprint for a 15-year plan for “automobile power”!

On December 11, at the “Industry and Information Salon” organized by the Ministry of Industry and Information Technology, authoritative figures predicted that the sales of new energy vehicles this year will exceed 1.3 million.

One by one overweight policy favors and industry data far exceeding expectations have once again pushed new energy vehicles to the forefront! Tesla’s current market value is close to 4 trillion, which is almost equal to three Toyotas, and global capital is vying for new energy car companies.

In China, the world’s largest new energy vehicle market, who is eligible to challenge Tesla?

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New energy vehicle battles

The country proposes to accelerate the development of new infrastructure, and new energy vehicle charging piles are one of the seven major areas. The National Development and Reform Commission also immediately voiced that it will complete an investment of 10 billion within this year, add about 200,000 public charging piles, and about 400,000 private ones. Piles, and 48,000 public charging stations.

Such a strong support has relieved consumers of a heart disease: no longer have to worry about the embarrassment of insufficient battery life!

The boom in new infrastructure has driven the rapid growth of new energy vehicle sales.

 

According to the latest data from the China Automobile Association, the sales of new energy vehicles nationwide continued to grow in November, with sales exceeding 200,000 units, an increase of 104.9% year-on-year, and sales reached a new monthly high; from January to November, sales of new energy vehicles reached 1.109 million units, year-on-year An increase of 3.9%.

In order to snatch the “fat” of new energy vehicles, various car-building forces are fighting intensified. Right now, the domestic new energy vehicle market has also fallen into a situation of chaos.

However, the current overlord of new energy vehicles is still Tesla. According to data from the Travel Association, in November, Tesla Model 3 sales exceeded 20,000 units, setting a milestone in the Chinese market; from January to November, the cumulative sales of Model 3 in China exceeded 110,000 units, which can be used as one of the best Dust to describe.

But Tesla is not sitting back and forth. On the one hand, Weilai, Xiaopeng, and the “Three Musketeers”, a new force in car-making, have developed rapidly, with sales reaching new highs. In November, Weilai delivered a total of 5,219 new cars, an increase of 109.3% year-on-year, marking a single monthly delivery for four consecutive months. The delivery volume of Xiaopeng Automobile reached 4,224 units, a new annual high; the ideal delivery of 4,646 new vehicles was a new high in a single month.

On the other hand, some powerful cross-border players are also aggressively deploying, such as Evergrande Motors.

Why Evergrande

Glass king Cao Dewang once said that new energy vehicles are played by capital tycoons, such as Xu Jiayin. Auto companies that rely on subsidies have to wait to die.

You know, Fuyao Glass, which Cao Dewang is at the helm, is the world’s largest automotive glass manufacturer. As a newcomer in the industry, why can Evergrande Motor be supported by Cao Dewang?

In my opinion, Evergrande’s determination to build a car is the key. You know, Evergrande has invested 45 billion yuan in three years-using its own real money to pay for the future. In the Chinese automobile industry, who has such determination and courage?

But money alone is not enough. How to convert capital investment into high-quality products is the key to success or failure.

 

Evergrande also has its own brand philosophy. New energy vehicles are the masters of high-end manufacturing and have extremely strict technical requirements. Therefore, through a series of international acquisitions and cooperation, Evergrande has the world’s top core technologies in key links such as advanced vehicle manufacturing, 3.0 chassis architecture, and powertrain, to quickly make up for the shortcomings of Evergrande automotive technology.

R&D investment is the fundamental to promote technological progress. In this regard, Evergrande is not stingy. Recently, the core team of Evergrande Global Battery Research Institute that has been unveiled exceeds 800 people. Among them are the former head of SK Group Battery Research Institute Li Junxiu and other top universities. Coffee; Evergrande Automotive Global Research Institute has a total of more than 3,200 scientific research personnel, and 11 professional research institutes under it, the scientific research strength is evident.

 

Of course, in addition to technology, product quality is also particularly critical. Only with excellent quality can we be invincible.

For this reason, Evergrande is looking for top partners in the world, including many global automotive engineering technology leaders, 15 world’s top styling design masters, and world auto parts leaders such as Bosch and Continental, all of which are “remarkable” in various fields of the automotive industry. Giants.

After a series of high-altitude and methodical layouts, Evergrande Motor’s results have begun to gradually appear. In August of this year, Evergrande Motor released six new cars at the same time. The Hengchi 1 that recently launched road running and exposed luxurious interiors all received high scores.

It also indicates that Evergrande is getting closer and closer to mass production. As a spoiler in cross-border car building, Evergrande Motors is clearly fully prepared to compete with Tesla.

The strongest duel is about to take place

In the author’s opinion, Hengda Automobile has more confidence to challenge Tesla than new car-building forces.

First of all, Evergrande has a profound meaning in the “platooning” of the product matrix. The 6 Hengchi released by Evergrande cover all levels from A to D and a full range of passenger car models. This means that Evergrande can not only launch an offensive against Tesla in the main battlefields such as SUVs and cars, but also seize market segments that Tesla cannot cover and rapidly expand market share.

At the same time, the quality of Hengchi is also a great tool to attract consumers. For example, the Hengchi 1 that started the road run is not only very eye-catching, but the interior is also full of technology. On the other hand, Tesla’s quality has always been controversial, including excessive plastic interiors and poor quality doors.

 

With good styling and good quality, if it fails to break through the bottleneck of production capacity, it is tantamount to “talking on paper.” Almost every car like Tesla has experienced “productivity hell”. On the other hand, Evergrande has obvious advantages in production capacity. It will build ten smart car production bases in the world, and plan to achieve a planned production capacity of 1 million vehicles per year in 2025 and 5 million vehicles per year by 2035.

What’s more worth mentioning is that Evergrande still has the advantage of “being in China’s home field”. At present, China’s new energy vehicle market has accounted for half of the world. It can be said that “the one who wins China has the world.” Moreover, according to the policy plan, domestic new energy vehicle sales will reach about 20% of total vehicle sales by 2025, and the market space is extremely broad.

Xu Jiayin revealed: “It is definitely not a dream for us to build Evergrande Automobile into the world’s largest and strongest new energy vehicle group by 2025.”

This time, dreams may come true. After all, Tesla’s estimated production in China in 2025 is 600,000, while Evergrande’s production capacity in 5 years will be 1 million.

By then, Evergrande Automobile is expected to surpass Tesla and win the industry’s leading position.

The dream is to have, what if it is realized?

A share “welcome new”, 321!

From January to October this year, a total of 321 enterprises were listed on the main board, the small and medium-sized board, the science and technology innovation board and the growth enterprise board, with a total financing amount of 408.4 billion yuan.

IPO
On November 30, yuan duoran, deputy director of the issuance department of China Securities Regulatory Commission, yuan duoran, deputy director of the issuance department of China Securities Regulatory Commission, yuan duoran, deputy director of the issuance department of China Securities Regulatory Commission, made a policy interpretation of the recent series of measures to deepen the reform of the capital market in the second session of Xicheng District Enterprise Listing exchange activities jointly sponsored by Beijing Xicheng District People’s government, China Securities Regulatory Commission, Beijing local financial supervision and Administration Bureau and Beijing Financial Street Service Bureau.
He said that China Securities Regulatory Commission (CSRC) has made great efforts to promote the reform of registration system and provide diversified choices for enterprises to be listed. At present, some achievements have been achieved. First, it has set up diversified and inclusive listing conditions; second, it has established an examination and approval system focusing on information disclosure; third, it has established a market-oriented mechanism for underwriting new shares; fourth, it has established an open, transparent and predictable audit and registration mechanism.
According to reports, the science and technology innovation board officially opened on June 13, 2019. As of the end of October this year, a total of 121 enterprises were listed on the science and technology innovation board, with a total financing of nearly 200 billion yuan. At present, 16 unprofitable enterprises, 2 enterprises with special equity structure and 3 red chip enterprises have been listed on the board. Since the end of this year, there have been 41 enterprises registered on the “venture board” system, with a total of 41 enterprises registered and listed on the “venture board” system. As of the end of August this year, there have been 41 enterprises registered on the “growth enterprise board” system, with a total of 41 enterprises registered on the stock market.
Yuan duoran said that the CSRC maintained the normalization of new share issuance, focused on increasing the proportion of direct financing, optimized the audit process, improved the audit mechanism, shortened the audit cycle and greatly improved the audit efficiency. From January to October this year, a total of 321 enterprises were listed on the main board, the small and medium-sized board, the science and technology innovation board and the growth enterprise board, with a total financing amount of 408.4 billion yuan. In order to improve the quality of listed companies from the source, the standard operation of issuers, financial authenticity, related party transactions and competition in the same industry are the common problems in the audit of different sectors.
For the next stage to do a good job in issuing supervision, he said that he would deeply sum up the experience of the pilot projects of the science and technology innovation board and the growth enterprise market, timely study new situations, solve new problems, and continue to work hard for the reform, development and stability of the capital market.

Chen Yulu, vice governor of the People’s Bank of China

Chen Yulu, vice governor of the People’s Bank of China, attends the special video meeting of G20 finance ministers and central bank governors
On the evening of November 13, 2020, Saudi Arabia, the chairman of the Group of Twenty (G20), hosted a special video meeting of G20 finance ministers and central bank governors. Chen Yulu, deputy governor of the People’s Bank of China, attended the meeting. The meeting focused on discussing and passing the “G20 Debt Handling Common Framework” to jointly support low-income countries in responding to the impact of the epidemic. A statement was issued after the meeting.

The central bank conducts 160 billion yuan reverse repurchase operations
On the 13th, the People’s Bank of China launched a seven-day reverse repurchase operation of 160 billion yuan by way of interest rate bidding. The non-reverse repurchase expired that day, and the central bank realized a net investment of 160 billion yuan. The central bank issued an announcement stating that in order to maintain reasonable and sufficient liquidity in the banking system, a reverse repurchase operation of 160 billion yuan was carried out on the same day with a period of 7 days and the winning interest rate of 2.2%, the same as the previous time.

China Banking and Insurance Regulatory Commission removes industry restrictions on insurance funds for financial equity investment
In order to implement the spirit of the executive meeting of the State Council, increase insurance funds to support equity financing in the real economy, and increase the proportion of direct social financing, the China Banking and Insurance Regulatory Commission recently issued the “Notice on Matters Related to Financial Equity Investment of Insurance Funds”. There are ten articles in the “Notice”. The core content is to remove the industry restrictions on financial equity investment of insurance funds, and enhance the ability of insurance funds to serve the real economy through the “negative list + positive guidance” mechanism.

The China Securities Regulatory Commission issued IPO approval documents for 4 companies
The China Securities Regulatory Commission announced on the 13th that it had recently approved the initial applications of 4 companies in accordance with legal procedures. The four companies are: Jiangsu Boqian New Material Co., Ltd., Quechen Silicon Chemical Co., Ltd., Shenzhen Zhaowei Mechanical and Electrical Co., Ltd., and Levima New Material Technology Co., Ltd. The above-mentioned companies and their underwriters will negotiate with the exchange to determine the issuance schedule and publish prospectus documents one after another.

Export-Import Bank: Implement the spirit of the plenary session and give full play to the leading role of policy-based finance
Recently, Hu Xiaolian, Secretary of the Party Committee and Chairman of the Export-Import Bank, presided over the study of the Party Committee Theory Learning Center. After the party committee’s special topic was delivered, he again studied and discussed the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party, conducted in-depth studies and implementation measures, and carefully planned “It is the work for a period from now on. Comrade Hu Xiaolian and Wu Fulin, Deputy Secretary of the Party Committee and President of the Bank, took the lead in making key speeches. Party Committee members Sun Ping, Xie Ping, Zeng Mingzi, Ning Yong, and Li Jun exchanged their learning experiences. Relevant comrades of the Central Organization Department attended the guidance. Other senior executives of the Export-Import Bank attended the meeting.

The Export-Import Bank helps China-ASEAN mutually beneficial cooperation move to a deeper level
In a speech at the 23rd China-ASEAN Leaders’ Meeting recently, Premier Li Keqiang announced that the second phase of the ASEAN Fund will be established and put into operation as soon as possible. It is understood that with the support of the Export-Import Bank, the ASEAN Fund will focus on economic and trade cooperation to promote regional economic recovery and development. The second phase of the ASEAN Fund has a scale of approximately US$1 billion, and will focus on investing in major cooperation projects in the areas of infrastructure, energy resources, information and communications in ASEAN countries. As the main sponsor, the Export-Import Bank has carefully designed plans, and through various means such as adjusting its operating model and strengthening risk control measures, it strives to implement major national plans while ensuring maximum shareholder returns.

Bank of China and the People’s Government of Liaoning Province signed the “14th Five-Year Plan” comprehensive strategic cooperation agreement
On November 12, Bank of China and the People’s Government of Liaoning Province signed the “14th Five-Year Plan” comprehensive strategic cooperation agreement. Liu Liange, Chairman of Bank of China, stated that the Bank of China attaches great importance to business development in Liaoning. In the future, it will actively leverage on its advantages in globalization and integration, deepen all-round cooperation with Liaoning Province, firmly support Liaoning’s reform and opening up and economic and social development, and continue to help industrial enterprises Quality development, actively connecting and participating in the construction of major projects, effectively serving the real economy, and earnestly carrying out various measures to support the revitalization and development of Liaoning.

Bank of China and Shenyang Municipal People’s Government signed a comprehensive strategic cooperation agreement
On November 12, the Bank of China and the Shenyang Municipal People’s Government signed a comprehensive strategic cooperation agreement. Bank of China Governor Wang Jiang said that supporting the revitalization of the old industrial base is a concrete measure taken by the Bank of China to implement the Party Central Committee’s decisions and arrangements, especially the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party. At present, Shenyang’s development trend is good, and the changes are eye-catching. During the “14th Five-Year Plan” period, Bank of China will give full play to its globalization and comprehensive advantages, carry out all-round cooperation with Shenyang, and continue to increase its efforts in infrastructure construction, industrial transformation and upgrading, livelihood matters, and accelerated opening up. The strength of support will effectively provide stronger financial support for the revitalization and development of Shenyang.

Since the beginning of this year, 535 new third board companies have completed stock issuance financing
According to the data disclosed by the National Equities Exchange and Quotations System (NEEQ), as of this week, 535 listed companies have completed the issuance and financing of shares on the NEEQ, and the cumulative amount of shares issued has exceeded 26.7 billion yuan. As of the 13th, there are a total of 8254 companies listed on the NEEQ.

The first batch of four sci-tech 50ETFs are listed
On November 11, the four fund companies of Huaxia, E Fund, ICBC Credit Suisse, and Huatai Bai Rui issued an announcement that the first batch of four sci-tech 50 ETFs under the above companies will be officially listed on the Shanghai Stock Exchange on November 16, and will be open on the same day Purchase and redemption transactions.

Baoshang Bank’s 6.5 billion Tier 2 capital debt is fully written down
On November 13, 2020, Baoshang Bank, in its own name, announced on China Currency Network about the full write-down of the principal of the “2015 Baoshang Bank Co., Ltd. Tier 2 Capital Bond” and the no longer payment of accumulated interest payable Announcement. According to the announcement, on November 11, the bank received a notice from the People’s Bank of China and the China Banking and Insurance Regulatory Commission on the determination of Baoshang Bank’s inability to survive trigger event.