Motors Tracker

  Evergrande Health Industry Group, which is spearheading Chinese property developer Evergrande Group's foray into the electric vehicle sector, will change its name to China Evergrande New Energy Vehicle Group before the Hong Kong stock market opens on Sept. 1, the firm said yesterday .   The company's stock ticker [HKG:0708] will remain unchanged, it added. The firm has become the country's most valuable emerging NEV maker with a market cap of HKD222.9 billion (USD28.7 billion), more than rival Nio which was worth USD21.1 billion as of the close of markets yesterday. Evergrande Health is developing its NEV business at full speed and aims to become the world's largest and most powerful green energy car company within the next three to five years, the Guangzhou-based firm said on July 27.   The firm unveiled six vehicle prototypes on Aug. 3. Pricing and other details have yet to be revealed.

China's largest new energy vehicle battery maker Contemporary Amperex Technology swallowed an 8-percent decline in its first-half net profits as the Covid-19 pandemic pummeled the macro economy, triggering a decline in NEV sales volume. CATL reported CNY18.8 billion (USD2.7 billion) in first-half operating revenue in an annual 7.08 percent drop, and realized net profit of CNY1.9 billion, according to the company's half-year earnings report it issued yesterday. The Ningde, Fujian province-based firm did not issue its customary first-half and third-quarter forecasts this year. China produced 350,000 NEVs and sold 336,000 units domestically in the first six months, down a respective 42 percent and 44 percent on the year. CATL's operating revenue from power battery sales plummeted 21 percent to CNY13.5 billion over the period in consequence. Shipments have increased markedly as the pestilence eases and the macro economy gradually recovers, it added. The news came as no great su...

  German auto giant Volkswagen will begin road testing self-driving cars in VW's first such pilot in the globe's largest car market to run eventual travel services in Hefei in East China from next month, with the passenger-bearing tests to open to the public at large next year, Shanghai Securities News reported. The government of Hefei, a relatively less developed city in China's Yangtze River Deltawhich is the capital of Anhui province, issued its first autonomous vehicle test license to Beijing-based Volkswagen Group China yesterday. China is a fertile ground for driverless vehicle pilots. Toyota-invested Pony.ai, Baidu, Nissan-backed WeRide and Didi Chuxing are all trialing self-driving cars in various cities there as carmakers and tech firms plow billions into the new technology, Reuters reported yesterday. The fleet serving the testing project comprises VW brand Audi's e-tron electric sport utility vehicles. The 16 square-kilometer trial area, which includes a 80-k...

去年开始的车市普降，叠加今年新冠肺炎疫情影响，热闹繁荣的汽车市场，就像选秀节目进行到了中期公演，加速淘汰。 造车新势力纷纷遭遇流动性危机， 赛麟汽车创始人远遁美国，拜腾汽车令员工无限期休假，博郡汽车多位高管离职。 而资本市场对那些已经经过验证的头部造车企业，从不吝啬，美国电动车制造企业特斯拉股价从年初的 800 美元突破 2000 美元，市值超过其他美国上市车企市值之和，蔚来汽车股价也从 3.72 美元增长至 14.12 美元，市值达 USD16.72 billion 。 市场渴望来自汽车领域的新鲜血液，造车企业也期待用公开市场上资本的力量来武装自己，按照成立以来交付量算得上新造车企业前三名的小鹏汽车加速进入公开资本市场。 据小鹏汽车向纽交所提交的报告，小鹏汽车有意发行 8500 万股的美国存托股票，每股每股美国存托股票相当于两股 A 类普通股，售价在 11-13 美元 / 股，募集 11.1 亿美元。如果按照 13 美元每股的价格，小鹏汽车的市值将达 91.7 亿美元。 招股书披露，小鹏汽车创始人何小鹏持有约 3.92 亿股，约占总股本的 31.6% ，为小鹏汽车最大股东。小鹏汽车联合创始人、总裁夏珩持股 4.9% ；董事和高管共计持股 40.9% 。此外，倩碧控股持股 26.4% 、淘宝中国控股 14.4% ，其他主要股东还有 IDG 资本、纪源资本、晨兴资本等。   今年上半年，小鹏汽车营收 10.03 亿元，净亏损为 7.96 亿元， 2019 年全年，小鹏汽车实现营收 23.21 亿元，净亏损 36.92 亿元人民币； 2018 年全年，小鹏汽车营收为 970 万元，净亏损 13.99 亿元。从 2018 年迄今，小鹏汽车亏损 58.87 亿元，但今年上半年亏损有所减少。 2018 年 11 月，小鹏汽车推出首款 SUV 车型小鹏 G3 ，由海马汽车代工生产，迄今共交付了 18,741 辆，今年 6 月开交付的轿车小鹏 P7 ，在于今年 5 月建成的肇庆工厂生产，如今交付了 1966 辆。 尽管中国汽车市场竞争激烈，何时盈利具有不确定性，且中美之间的不确定性可能影响其境外上市估值，但鉴于市场上同类企业并不多且表现不错，小鹏会受到投资者的追捧。

Xpeng, a Chinese smart electric vehicle producer, seeks to raise USD1.1 billion from its initial public offering on the New York Stock Exchange  with a ticker ‘ XPEV ’, being the 3 rd  Chinese carmaker to get listed in the  world ’ s largest capital market  after Nio and Li Auto.  The Guangzhou-based firm is selling 85 million American depository shares (ADS) with a price between USD11 and USD13, according to the firm’s files submitted to the US Stock Exchange Commission  yesterday . XPeng ’ s market capitalization is expected to be USD9.17 billion if the share price is fixed at USD13.  BofA Securities, Credit Suisse Securities (USA) and J.P. Morgan Securities are acting as joint book-running managers of the offering and as representatives of the underwriters.  Simplicity Holding Limited holds 2 6.4  percent of XPeng, the e-commerce giant Taobao China Holding holds 14.4  percent, IDG entity has 6.2 percent, while the executive team has 4...

China’s Contemporary Amperex Technology, the world’s biggest power battery maker, and Mercedes-Benz are upgrading their partnership with the aim of giving the German carmaker’s new EQS luxury sedan mileage of over 700 kilometers and double the charging speed of current models. The arrangement includes the full range of battery technologies, including cells and entire battery systems, along with the shared development of cutting-edge technology, Ningde, Fujian province-based CATL said in a statement yesterday. “Mercedes invented the car more than 130 years ago and has developed its technology with countless innovations,” CATL founder and Chief Executive Robin Zeng said. “This combined with CATL's expertise in battery, will be a decisive step to both parties' electrification strategies.” The collaboration will make CATL a leading supplier of Mercedes-Benz, under Stuttgart-based auto giant Daimler, to guarantee the battery supplies of the EQ series in the n...

Didi Chuxing, China’s biggest car-hailing firm, is taking the lead in preparing the world’s first operational and safety rules for the entry of self-driving taxis into the mass market, the 21st Century Business Herald reported today. Other big players in the autonomous vehicle sector, such as Baidu, Tencent Holdings and BAIC Motor, as well as government departments, experts and research institutions are all contributing to the discussions, it added. The first meeting was held online two weeks ago, a participant told the newspaper. It discussed standards for the management of vehicles, passenger safety and requirements for test drivers. Didi Chuxing, which has eight years of experience in online car-hailing operations, is in a better position than most to give advice and can compile a mass of data for simulation training, an industry insider said. Robotaxis are already available along certain routes in some Chinese cities. Didi Chuxing has a fleet in Shanghai that it introduced in J...