The following is the Financing amount of new car building forces in 2020 recommended by recordtrend.com. And this article belongs to the classification: Venture capital, Investment & Economy, New energy industry.
According to foreign media reports, in the capital intensive automobile industry, Tesla, Weilai, Xiaopeng, BYD and ideal are investing billions of dollars in developing new models and building infrastructure in China, the world’s largest automobile market, and their thirst for cash will continue. All of these companies need to raise money continuously to develop electric vehicles with longer driving range and more safety. At the same time, they will have to invest heavily in building charging networks and selling their products to China’s 1.4 billion consumers.
With the share prices of electric car companies soaring, 2020 is a great opportunity for them to fill their coffers. According to the data released by refinitiv, Bloomberg and other companies, we have counted the financing records of major electric vehicle companies since January 2020 and their key use of these funds.
1. Weilai: since January 2020, it has raised 6.11 billion US dollars and raised 9.6 billion US dollars
Weilai has experienced a “roller coaster ride” in the past year, growing from the brink of bankruptcy in April to the world’s fifth largest automobile manufacturer by market value. In 2018, Weilai raised $1151.8 billion in the US initial public offering (IPO). As of mid February, its American Depository shares (ads) rose to $57.32 a share, more than nine times its IPO price of $6.26.
Since its listing, Weilai has created a diversified capital structure in the field of electric vehicles by using mixed financing methods such as equity, bonds and loans. According to LinkedIn, Weilai appointed jade Wei as its director of capital markets in 2018.
In 2020, Weilai raised $4.8 billion from stock investors at least three times. Recently, Weilai sold $1.5 billion worth of convertible notes in January, twice the size of the $750 million issue in 2019. It also privately placed $200 million in convertible notes in 2020.
Before the IPO, Weilai raised a total of $1.409 billion from round a to round D financing, according to CrunchBase. Pre IPO investors include Tencent and Baillie Gifford, an Edinburgh based investment firm.
2. Xiaopeng: since January 2020, it has raised US $5.1 billion and raised US $7.7 billion
In the ranking of electric vehicle manufacturers’ ability to use investors’ attraction to emerging industries, Xiaopeng surpassed BYD. The company has raised a total of $5.1 billion since early 2020. As of mid February, its American Depository shares (ads) had jumped to $43.41 a share, almost three times the IPO price of $15 a share.
The smart electric car maker has raised $1.72 billion since its debut on the New York Stock Exchange in August. Founded in 2014, Xiaopeng automobile quickly attracted investors’ attention in December last year, and carried out a follow-up stock placement of up to US $2.484 billion. Xiaopeng is investing in R & D, and the third model is scheduled to be officially released and delivered this year. The company delivered 27041 cars last year.
Although not included in its capital market earnings, we note that Xiaopeng received 4 billion yuan (US $620 million) of financial support in September last year for the construction of its second electric vehicle plant. It also obtained 12.8 billion yuan worth of credit facilities from China’s state-owned banks in January, which have not yet been fully utilized.
Xiaopeng completed the C + round of financing in August last year, raising a total of US $900 million from investors including Alibaba, Qia and Xiaomi. The company has raised about $2.64 billion in round a to round C financing from 2016 to 2019, according to CrunchBase. Other statistics show that Xiaopeng has no outstanding bonds.
3. BYD: since January 2020, it has raised 4 billion US dollars and raised 11.3 billion US dollars
Unlike Tesla and other new energy vehicles in China, BYD was a traditional fuel car manufacturer before switching to electricity. BYD has been making electric cars since 2002, backed by billionaire Warren Buffet. By December of last year, sales of its electric cars had surpassed those of conventional cars. BYD was also listed in Hong Kong in 2002, and then in Shenzhen in 2011.
In January, BYD raised HK $29.8 billion (US $3.8 billion) by offering new shares, the first time it has used the open market to raise funds since 2016, according to refinitiv. BYD also dabbled in the bond market, raising $282.8 million last year. BYD, founded in 1995, said it sold the shares to speed up the replacement of gasoline or diesel powered cars with new energy vehicles and smart cars.
BYD is the world’s third largest car manufacturer by market value, after Tesla and Toyota, and produces a number of electric vehicle models. It is also the world’s largest manufacturer of electric buses. The company started as a manufacturer of rechargeable batteries. According to the data, BYD has raised a total of $7.9 billion from stock investors and $3.4 billion from the bond market.
4. Tesla: since January 2020, it has raised 3.1 billion US dollars and raised 20 billion US dollars
Founded in 2003, Tesla has raised about $20 billion from outside investors, according to publicly available records. Tesla was listed on NASDAQ on June 29, 2010, raising $260 million. The company is now the world’s most valuable automaker, and its share price rose to $816 in mid February, 48 times its $17 IPO price. Driven by Tesla’s soaring share price, Elon Musk, its chief executive and early investor, is now one of the richest people in the world.
Tesla started to build its super factory in Shanghai in January 2019, its first factory outside the United States, and its model 3 was the best-selling electric vehicle in China last year. In 2020, 21% of Tesla’s sales will come from China, which is Tesla’s second largest market after the United States. On January 1, Tesla launched its second Shanghai made electric car model y, which may boost sales this year.
According to refinitiv, Tesla has raised a total of $13.45 billion through 13 stock sales. The company also issued eight bonds, raising $5.4 billion. Prior to the IPO, Tesla raised about $790.5 million from private equity investors through debt and equity financing. John Lin, a former Mitsubishi UFG banker, is a member of Tesla’s global capital markets team, according to LinkedIn, a professional social networking site.
5. Ideal car: since January 2020, it has raised 2.46 billion US dollars and raised 3.16 billion US dollars
Ideal has been one of the most prolific financiers in the past 14 months, backed by online service delivery giant meituan review. The Chinese electric car maker raised $1092.5 million during its NASDAQ listing in July last year and then sold $1.363 billion worth of shares in December.
Ideal is the first company in China to commercialize the so-called electric vehicle range technology, which helps solve the problems of China’s lack of charging infrastructure and limited battery capacity. If the car runs out of electricity, the internal combustion engine will start.
According to CrunchBase, ideal has raised a total of $676 million through round a to C financing. Just before the IPO, cangu, a Chinese auto financial services company, invested $30 million in it. According to refinitiv and Bloomberg, ideal has no outstanding debt.
China Insurance Regulatory Commission: from January to October in 2019, the new force of China’s automobile industry will be in danger, and only 53 Guojin automobiles will be in danger Research: in 2020, the merger and acquisition activities of global data centers have exceeded that of last year. China Automotive Industry Information Network: in March 2020, the registration volume of domestic Tesla cars rose to 11280. Carbon Tracker: research shows that nearly half of the coal-fired power plants in the world will be at a loss. Cybertruck owners Club: as of March 2020, the subscription volume of cybertruck has exceeded 600000. China Automobile Industry Association: in 2019, the sales volume of new energy vehicles in China will be 1.206 million, a year-on-year decline of 4%. IEA: it is estimated that the new installed capacity of renewable energy in the world will be 167 gigawatts (GW) in 2020 A year-on-year decrease of 13% European rooftop solar power generation can provide a quarter of the electricity in Europe Shenzhen Stock Exchange: 2020 gem Investment Manual (attached with download) PwC: review and Prospect of China’s industry M & a market in mid-2020 multi whale capital: Investment and financing report of China’s education industry 2020
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