Economic observation network? Reporter? Gan Fangqun? After more than a year of OEM of Haima Automobile, Xpeng Automobile obtained its own production qualification through acquisition. According to Qixinbao data, in March of 19, the legal representative of Guangdong Foday Automobile Co., Ltd. (hereinafter referred to as "Foday Automobile") was changed from Julia to Henry (co-founder and president of Xpeng Automobile). In addition, Foday Automobile is controlled by Zhaoqing Tucki New Energy Investment Co., Ltd. 100%, and its shareholder is a subsidiary of Guangzhou Orange Line Zhidong Automobile Technology Co., Ltd., the main business entity in Xpeng Motors.
Foday Automobile was established in 200 1, located in Foshan City, Guangdong Province, and its business scope includes automobile production, assembly and modification. "It must be for the production qualification, but there should be some tail work to deal with after the acquisition, and the production qualification was officially obtained in June this year." An insider close to the acquisition told the Economic Observer. It is reported that the total cost of this acquisition is160,000 yuan.
Limited by production qualification, Tucki G3, the first model of Xpeng, has been produced by Haima Automobile. However, Xpeng Motors has also built its own Zhaoqing factory, which the industry believes means that it has been striving to have production qualifications. It is understood that Xpeng Motors Zhaoqing Factory plans to produce the second mass-produced model Tucki P7, which has entered the stage of equipment debugging and only needs production qualification.
"The acquisition of Foday Motor by Xpeng Motors is a win-win decision for the optimal allocation of high-quality resources in the automobile industry." An insider analysis of a new car-making enterprise. A few years ago, due to the overheated investment in domestic new energy automobile projects and the overcapacity under the adjustment of the automobile market, the state issued a document encouraging new and old forces to cooperate to improve resource utilization. Haima automobile works for Xpeng automobile, which is also in line with this positioning in essence.
Xpeng Motors' acquisition of Foday is no exception. According to public information, Foday Automobile's vehicle production capacity is 654.38+10,000 vehicles, and it owns three models. However, in 20 19, the monthly sales volume was less than 500 vehicles, resulting in a serious overcapacity. "Tucki chose to start at the right time, and the timing was very good. Solving R&D and launching new products is the first problem to be solved in Tucki. Now focus on solving the second problem: self-built factories and independent production. " An auto investment analyst told Economic Observer.
But what about the cooperation between Xpeng and Haima? "Xpeng Automobile and Haima Automobile still maintain a good cooperative relationship, and the vehicle production of both parties is still carried out in an orderly manner in Zhengzhou Haima Tucki Intelligent Factory." The above-mentioned insiders told the Economic Observer Network reporter. The reporter also asked the relevant people of Haima Automobile about this matter, and the other party did not reply before the press release.
Due to the loss of performance, Haima Automobile is facing the delisting crisis, but it is expected to turn losses into profits in 20 19 by disposing of idle assets. However, Haima's automobile business has not improved. The data shows that its cumulative sales in 20 19 was only 29,000 vehicles, down 564,438+0% year-on-year. During the period of1-February this year, its sales volume was only 128 1 vehicle, down 60.09% year-on-year.
In contrast, Xpeng Motors showed a strong growth momentum. In 20 19, its sales volume was 16700, ranking among the top three new car manufacturers. On the financing level, Xpeng Motors announced on 20191KLOC-0/03 that it had successfully signed the Series C financing with a total amount of US$ 400 million, and obtained bank credit financing of several billion RMB. According to the above-mentioned insiders, the acquisition of Xpeng Motors has not adversely affected Tucki's finances, and its cash flow is still very healthy.
With the acquisition of Foday by Xpeng Motors, the top three new car manufacturers are considered to be qualified for production. At present, the top three new car manufacturers are Weilai, Weimar and Tucki. However, only Weimar obtained the production qualification by acquiring Dalian Huanghai Curve, while Weilai and Tucki are OEM models. "The latest policy of the Ministry of Industry and Information Technology is to support OEM and make full use of existing production, but the new brand has its own considerations and strategic deployment." The above-mentioned auto investment analyst said.
Shortly before Xpeng Motors was acquired, on February 25th, Weilai Automobile announced that it had signed a framework agreement with Hefei Municipal Government to settle Weilai's China headquarters in Hefei, and planned to establish R&D, sales and production bases in Hefei, and build an operation system of China headquarters centered on Hefei. "If Hefei enters the market, the cash flow problem will be solved, and then production qualification and self-production should not be a problem, such as transferring Jianghuai OEM to Weilai." The above-mentioned auto investment analyst told the Economic Observer Network reporter.
"(New car manufacturers) must have their own factories once the brand and quantity rise. Factory means efficiency control, cost control and quality control, which is the second most important competitive factor besides technology and products. " The above-mentioned auto investment analyst added. "Independent production of land, factories and other fixed assets. The assets of the enterprise are large, and there are some collateral for loans and financing, so the enterprise has stronger ability to resist risks. " Cui Dongshu, Secretary-General of the Federation, told Economic Observer.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.