A few days ago, documents released by the Beijing property Exchange showed that part of the equity of GAC Ean New Energy Automobile Co., Ltd. was transferred by listing, and the main body of investment was China Xinda Asset Management Co., Ltd. The document also said that GAC Ean is preparing for the IPO listing of Hong Kong stocks in the near future, and that various preparations for listing are being carried out as scheduled.
In fact, in the past two years, GAC Ean has repeatedly released the news that it is promoting IPO, but its IPO destination has changed from the original Science and Technology Innovation Board to Hong Kong stocks, and with the continued pressure of new energy, GAC Ean is also in urgent need of IPO as an endorsement to quickly seize the new energy highlands.
, photo source: GAC Ean, the delayed listing, and part of the equity deal of GAC Ean is related to the failure of GAC Ean to list as promised in the past two years.
According to industry insiders, the equity transfer is related to PCG Capital, a shareholder who strategically invested in GAC Ean in 2022.
China Cinda, one of the investors of PCG Capital, had expected GAC Ean to conduct an IPO within two years, but due to the current delay in IPO, Cinda needs to do an asset disposal process, that is, equity withdrawal.
On the website of the Beijing property Exchange, Gesco noted that China Cinda is transferring a large number of shares in a number of companies.
In addition to GAC Ean, there are also dozens of companies such as Xinjiang Tianshan Electric Power, Shaanxi Wuzhou Mining, Shenzhen Bic Power Battery, Lingbao Jinyuan Mining and so on.
According to the data, GAC Ean, a first-class subsidiary controlled by GAC GROUP, was established on July 28, 2017.
it is the strategic core carrier for GAC GROUP to develop intelligent network-connected new energy vehicles.
In 2022, when round A raised 18.
3 billion yuan, the valuation of GAC EA exceeded 100 billion yuan at one fell swoop.
This round of financing has a strong background.
from the list of investors, Nengchuang, SMIC Juyuan, PICC Capital, Shenzhen Venture Capital, Dongfang Fuhai, National Adjustment Fund, Guangzhou Industrial Investment Group and so on are all supporters of GAC Ean, including industrial investors.
there are also market-oriented professional institutions, as well as large-scale policy guidance national and local investment institutions.
Tianfeng Securities once mentioned in the research report that as the last financing before IPO, the A-round financing of GAC Ean will be the largest single private financing in the domestic new energy vehicle industry, far exceeding the previous financing scale of the new forces in the pre-IPO round, and become the largest unicorn among unlisted new energy vehicle companies.
At the same time, GAC Ean completed the mixed reform work this year, paving the way for IPO.
In this regard, GAC Ean General Manager Gu Huinan has said that after the introduction of round A strategic investors, they will choose A shares or H shares to be listed.
Zeng Qinghong, chairman of GAC GROUP, also revealed that GAC will strive for IPO as soon as possible.
However, since then, due to changes in listing policies and changes in the new energy market, the goal of GAC’s Ean sprint for IPO has been postponed one after another, and the destination has also shifted from Science and Technology Innovation Board to Hong Kong stocks.
According to the above documents, GAC’s revenue in 2022 was 38.
794 billion yuan and a net loss of 2.
063 billion yuan.
In March this year, regarding rumors that GAC was anxious for IPO because of lack of money, Gu Huinan clarified: GAC Ean is not short of money, IPO is not to finance a sum of money, the core is to solve the problem of system and mechanism.
, photo source: GAC Eian, Eian is starting to speed up? GAC GROUP is one of the independent traditional car companies that developed new energy earlier, and became the first echelon of traditional new energy car companies in 2022 with the EIA brand.
In 2022, GAC Security’s annual sales volume was 271000 vehicles, an increase of 126% over the same period last year.
Since 2023, GAC Aian has shown signs of fatigue, with sales of 480000 vehicles in 2023 and growth of 77.
02% compared with the same period last year.
Moreover, GAC EA also missed the annual sales target of 500000 vehicles, when industry analysts said that sales of high-end models Haopin GT and Haopin HT fell short of expectations, resulting in its sprint target failed.
GAC Ean’s sales declined in 2024 compared with the same period last year, with cumulative sales of 126300 vehicles in the first half of this year, down 39.
7% from the same period last year.
According to industry analysis, GAC’s AION S, AION Y and other car-hailing models grew rapidly by virtue of their high performance-to-price ratio and ride-hailing attributes, but at present, with the new energy car-hailing market gradually saturated and affected by the car-hailing image, its C-end sales were affected, and the overall sales volume followed.
Gu Huinan said frankly: “in the first half of this year, Haopin and Ian did not have new cars on the market, and PHEV was not covered on the technical route for the time being, so it is normal to encounter difficulties temporarily.
” However, it also said that the second half of the year will be a period of intensive launch of GAC Eian products, with the launch of REV (hybrid electric vehicles), plug-in and extended range models in 2025.
At the end of July, GAC Eian launched a new pure electric A-class SUV model, Eian V Tyrannosaurus Rex.
As the first global strategic model of Ian, Tyrannosaurus Rex sells for 12.
98-189800 yuan, mainly for the mainstream household SUV market.
The product codenamed “AY3” will be unveiled in August and will be launched in September.
the first full-size six-seater SUV will be unveiled in September.
and the product codenamed “AY2” will be unveiled at Guangzhou Auto Show in November this year.
On August 5th, Haopin brand value 2.
0 was officially released, officials said that it will accelerate the launch of a new generation of digital chassis, subversive mass production electric drive, HYPTEC OS and other extreme technologies around Haopin brand value 2.0. , photo source: GAC Ean, going to sea, since last year, GAC Ean’s sea strategy has been accelerating.
In the first half of this year, GAC Ean settled in and opened up 19 countries and regions.
Among them, on July 17th, GAC Eian Thailand Intelligent Plant was officially completed and put into production, with an estimated annual output of 50, 000 units, and gradually expanding its capacity to 100000 vehicles in the future, which can realize the co-line production of the second generation AION V, AION Y Plus, Haopin HT and other GAC Eian models.
Indonesian factories will also be put into production this year.
Next, GAC Ean will also enter Qatar, Mexico and other countries.
In the future, GAC Ean plans to build a global production and marketing base in Asia-Pacific, Europe, the Middle East, America and other places to expand its international strategic territory.
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