Leidi.com Lei Jianping reported on August 22
Xiaopeng automobile (Stock Code: xpev) updated its prospectus yesterday evening, preparing to issue 85 million ads shares, ranging from $11 to $13.
If the over allotment rights are included, the financing scale of Xiaopeng automobile is from 1.075 billion US dollars to 1.271 billion US dollars.
The subscription of Xiaopeng automobile is very popular, and many shareholders of Xiaopeng automobile participate in the subscription. Among them, Alibaba is ready to subscribe for us $200 million, coatue for us $100 million, Qatar Investment for us $50 million and Xiaomi for us $50 million. The total subscription amount of the above four companies has reached US $400 million.
Primecap management company, Tesla's existing shareholder, is also ready to subscribe for $100 million.
Xiaopeng auto is expected to be listed on the New York Stock Exchange next week. Leti.com has obtained the PPT of roadshow, which is specially provided for the reference of the industry:
The following is the full text of PPT of Xiaopeng automobile roadshow:
The stock code of Xiaopeng automobile is xpev, which is listed on the New York Stock Exchange. Several shareholders participate in the subscription. It is expected to announce the issue price on August 26, 2020 in the United States time, and be listed on the 27th.
Mission of Xiaopeng automobile
Unique features of Xiaopeng automobile: intelligent and electric vehicle
Introduction of G3 and P7 of Xiaopeng automobile
Achievements of Xiaopeng automobile in the past five years
Achievements of Xiaopeng automobile in the market
Introduction to management of Xiaopeng automobile
Xiaopeng automobile was founded in 2015, and its start-up investors are mainly he Xiaopeng, co-founder of UC Youshi and former president of Alibaba mobile business group.
The core management team of Xiaopeng automobile comes from a diversified background, including co founders Xia Heng and He Tao, who are respectively responsible for the development of GAC's new energy control system and GAC's intelligent vehicles and driverless vehicles, as well as Dr. Gu Hongdi, former chairman, current Vice President and President of JPMorgan Chase Asia Pacific Investment Bank.
Investment highlights of Xiaopeng automobile
Business model innovation of Xiaopeng automobile
Introduction of intelligent navigation, ecosystem, AI voice assistant, etc
Introduction of automatic driving of Xiaopeng automobile
Development of software, hardware and big data of Xiaopeng automobile
Big data recognition ability of Xiaopeng automobile
Through the OTA framework update, the software upgrades faster
Xiaopeng automobile is positioned as a young white-collar group in the first and second tier cities. It has many stores offline, covering 52 cities, with 147 stores and service centers.
Zhaoqing factory of Xiaopeng automobile is the first digital intelligent factory built by industry 4.0 standard. The stamping workshop adopts the design concept of zero inventory and linear logistics, builds 6600 tons of large-scale automatic stamping production line, and is equipped with Germany Rexroth CNC hydraulic stretching pad, which can achieve 0.1 mm forming precision and the production rhythm can reach 12 pieces / min.
According to Xiaopeng automobile, 210 ABB welding robots are set up in the welding workshop, realizing the automation rate of primary and secondary assembly of 100%. There are more than 5300 solder joints on the body of Xiaopeng P7, and the qualified rate of solder joints is higher than that of many joint ventures.
In the pack workshop, the engineer team adopts infocon high-precision leak detector and designs special sealing and air mixing structure to ensure that the battery pack reaches the highest IP68 sealing protection standard in the industry.
Financial introduction of Xiaopeng automobile
The revenue of Xiaopeng automobile in 2018 and 2019 is 9.7 million yuan and 2.321 billion yuan respectively; the revenue of Xiaopeng automobile in the first half of 2020 is 1.003 billion yuan (about 142 million US dollars).
As of July 31, 2020, Xiaopeng automobile has delivered 18741 G3 vehicles to customers.
The p7 model will be produced and delivered in May 2020. As of July 31, 2020, Xiaopeng automobile has delivered 1966 P7 vehicles to customers.
Xiaopeng also plans to launch its third intelligent electric vehicle in 2021.
The gross loss of Xiaopeng automobile is greatly improved, with a gross loss of 558 million yuan in 2019, 36.12 million yuan in the first half of 2020, and 470 million yuan in the same period of last year.
Among the new forces of car making, Xiaopeng automobile has the highest proportion of R & D expenses and R & D personnel, and the largest investment in intelligent self research.
In 2019, the R & D investment of Xiaopeng automobile will reach 2.07 billion yuan (about 293 million US dollars), which is significantly higher than that of 1.05 billion yuan in 2018. The proportion of R & D investment of Xiaopeng automobile in 2019 will reach 89.18%.
At present, Xiaopeng automobile is the only OEM manufacturer doing research and development in China's full stack of automatic assisted driving (excluding chips and radars), and has established a considerable scale team since 2015.
In the era of software defined automobile, he Xiaopeng is also the only entrepreneur with dual identity of programmer and product manager in new car manufacturing enterprises.
Comparison between Xiaopeng P7 and Model3, ES6, etc