Hefei plans to invest 2 billion yuan in zero-running cars

Following the announcement of the official signing of a strategic cooperation agreement with the Hefei Municipal Government at the beginning of the year by Leaper Technology (ie Leaper Auto), which will carry out comprehensive and in-depth cooperation in the field of new energy vehicles, on January 22, there were close to the top executives of Leaper Auto People familiar with the matter disclosed that the company is conducting a Pre-IPO round of financing with a valuation of over 22 billion yuan. Hefei has clearly expressed its investment intentions, and the investment amount is about 2 billion yuan.

The source also revealed that Hefei’s investment in LSV will be completed in two batches. The first batch of 200 million yuan has been invested in LSV Series B financing, and the remaining 1.8 billion yuan will be invested in Pre -Investment in IPO.

It is understood that in January this year, after the completion of the B round of financing, Lingpao Automobile immediately launched the Pre-IPO round of financing, and plans to submit an application for listing on the Science and Technology Innovation Board in the middle of this year, and has hired CITIC Construction Investment as a sponsor .

For the above information, Lingpao Motor responded to the media, saying: The final announcement shall prevail.

Picture Source: Zero Running Car

After NIO came, why did it stop running?

At present, the Leaprun car will become the second new car project introduced by Hefei after Weilai.

Some industry analysts pointed out that the reason why Hefei placed its second bet on zero-running cars was firstly because of its investment in technology, and secondly because of its increasingly recognized products in the market. And in the future, it has the potential to be among the new front-end car-building forces.

According to the data, Lingpao Technology was established in 2015 and was incubated by the security giant Zhejiang Dahua Co., Ltd. It is a technology-based enterprise with core technologies such as self-developed three-electric system, intelligent network connection, and automatic driving. . It is understood that in the fields of three-electric system, intelligent network connection system and intelligent driving system, the zero running car has accumulated hundreds of technical patents. In addition, as a new force in car-making, the “Heracles” electric drive assembly independently developed by Zero Run has reached the industry-leading level in terms of performance and integration.

In terms of products, there are currently three models of Leaper Motors on the market. Although the sales of the first electric coupe S01 was poor after its launch, the second A00-class car, the T03, reversed the situation. Since its launch in May 2020, the cumulative sales of the T03 throughout the year have reached 10,266 units. Thanks to this, the total sales volume of LSV in 2020 will reach 11,391 units.

On January 1, 2021, the C11, the third model of Leaprun, officially opened for pre-sale. The new car is equipped with the self-developed intelligent driving chip Lingxin 01. A total of three models have been launched. The market guide prices are: Luxury The version is 159,800 yuan, the exclusive version is 179,800 yuan, and the performance version is 199,800 yuan. Compared with the segments targeted by the first two cars, the C11, which is positioned as a 5-seater SUV, will enter a more mass market. It is reported that the market strategy of the zero-run car is to cut into the mainstream market of less than 200,000 yuan with high-configuration products. It is worth mentioning that after the announcement of the pre-sale price of the Zero Run C11, it attracted widespread attention from C-end consumers, and the order volume exceeded 1,400 units in only 3 days.

Behind Hefei's 'Betting' New Forces

Hefei, first with Weilai, and then with zero running, frequently 'betting' on new forces, is the continuation and expansion of its plan to build the 'New Energy Automobile City'.

It is understood that Hefei has successively implemented more than 50 new energy vehicle-related industrial projects such as JAC Volkswagen New Energy Vehicles, JAC NIO New Energy Vehicles, and Changan Automobile Phase II. The total investment is Over 50 billion yuan, and gather more than 120 upstream and downstream enterprises such as Weilai, Jianghuai, Guoxuan Hi-Tech, Huating Power, and Juyi Motor, forming a complete industrial chain covering complete vehicles, key components, applications, and supporting facilities.

Other data show that in the first half of 2020, Hefei will promote 18,600 new energy vehicles, accounting for about 4.7% of the country's total sales. In addition, according to the Hefei Bureau of Statistics, the added value of Hefei's auto and parts industry in the first three quarters of 2020 increased by 16.9% year-on-year, and the city's industry grew by 1.1%.

In November 2020, the People’s Government of Hefei, Anhui Province issued the 'Implementation Opinions on Accelerating the Development of the New Energy Automobile Industry' and stated that by 2025, the city’s new energy automobile industry will exceed 100 billion yuan, and the vehicle production capacity will reach 1 million vehicles have become an important new energy automobile industry base in the country. The implementation opinions also specifically pointed out that it is necessary to accelerate the promotion of a strong chain, supplementary chain, and chain extension of the new energy automobile industry. Support JAC, NIO, JAC Volkswagen, Ankai Bus, Hefei Changan, Chery (Chaohu) and other vehicle companies to strengthen the construction of the new energy vehicle supply chain, innovate 'vehicle and electricity separation' and other business models, and enhance the brand's international competitiveness, Cultivate industry leaders.

Therefore, from the perspective of the industry, the conclusion of the strategic cooperation agreement between the Hefei Municipal Government and Leaper Technology will strengthen Hefei’s new energy industry technology and product levels, and meet the expansion of Hefei’s new energy vehicle industry layout. Demand has made it one step further away from the goal of building the 'China's New Energy Automobile Capital'.

According to the relevant person in charge of Leaper Auto, after reaching a cooperation agreement with the Hefei Municipal Government, Leaper will establish a second plant in Hefei. After the completion of the plant, the production capacity is expected to reach 200,000 vehicles per year. Level.

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