Recently, GAC EA has made a lot of good news in the new energy market, first announcing the completion of a round of financing of 18.294 billion yuan, which has become the largest single private financing of new energy vehicles in China in recent years. The brand valuation has reached an impressive 103.239 billion, which is basically equal to Guangzhou Automobile Group's total market capitalization, and it also far exceeds the market value of Hong Kong stock XPeng Inc. and zero-running cars.
While being favored by the capital market, brand sales also continue to take the lead. Data show that GAC Ean sales broke through the 30, 000 mark for the first time in September and reached a new high of 30063 units in October, surpassing the combined sales of NIO Inc., ideal and XPeng Inc..
The spring breeze is proud of the horseshoe disease, today's GAC Ean, how is it? In the future, can Ean continue to create miracles and prop up GAC's future?
The rise of rising stars
There is always a reason for the favor of capital markets. It took GAC Ean only five years to transform from zero to hundreds of billions. As a rising star, it is well-deserved.
Guangzhou Auto Ean, formerly known as GAC NE, was founded in 2017, when the domestic new energy car track was already crowded. Backed by the traditional fuel car company-Guangzhou Automobile Group's mountain, GAC EA has been pinned on high hopes since its birth, shouldering the mission of leading the group into new energy vehicles. Although the road to breakthrough is full of Jin thorns, Ean, who grew up under pressure, has created his own miracle of rise.
In 1919, GAC NE made his first attempt, launching Aion S and Aion LX. In 2020, GAC NE officially changed his name to GAC Ean, developed independently and officially entered the high-end electric car market. In 2021, GAC Ean entered a stage of rapid development, with cumulative sales of 120000 units, a year-on-year growth rate of 100%, directly catching up with the new power three Musketeers "Wei Xiaoli".
In March this year, the mixed reform of the system implemented by GAC Ean officially landed, and the A round of financing completed this time also introduced Ganfeng Lithium, SMIC Juyuan, Guangdong Semiconductor and other war investments. In addition to greatly improving the supply capacity of Ian's own industrial chain and supply chain, this financing provides a strong financial backing for the launch of new products and the layout and production capacity guarantee of the upstream and downstream industrial chain (self-developed self-made batteries, automotive chips and other core technologies).
At present, the latest market sales of Ean are second only to BYD, Tesla, Inc., SAIC GM Wuling and Geely Automobile.
With outstanding performance and hundreds of billions of valuation, GAC EA has thoroughly confirmed its strong position and bright prospects in the new energy market. But now Ean, who has a place to fight, has no time to celebrate the victory.
There are mixed joys and sorrows, and efforts are still needed.
Everything needs to be treated with dialectical thinking. Today's bright Ian seems to rest easy, but behind it is a mixture of joys and sorrows.
With regard to the "joy" of Eian, it is self-evident that it can be summed up to three points, and the market has voted in favor of it.
The first happiness is the current product power and cost-effective advantage of GAC Ean. Since 2020, Ian's sales have achieved bamboo-like soaring growth for three consecutive years, which is particularly commendable at a time when major new energy car companies are facing performance pressure.
The second happiness is the strong financial strength of GAC Ean. After financing, GAC Ean has the support of many strong investors, which means that its follow-up investment in new energy research and development can be more skillful and monopolize the highland of market advantage.
This year, the second intelligent manufacturing center of GAC Ean has been put into production, with a conventional capacity of 400000 and a limit capacity of 600000 under multi-shift production. And this financing with the battery core resources side, chip designer, smart driving collaborative manufacturing side and a series of key upstream and downstream giant cooperation, revealed the good intentions of Ian this time. Ean's industrial integration force is in place in one step, laying a solid foundation for its future hegemony.
As for the "worry" of Eian, it has been like a thorn in the back since its birth. Although it relies on the platform of state-owned enterprises and has strong financial and technical support and discerning industrial layout, the three hidden diseases of Eian have never disappeared.
One of the worries is the profitability of GAC Ean. In fact, this has always been a long-standing problem hindering China's new energy car companies, and almost every family is in a state of loss. GAC Ean's losses have been expanding over the past three years, with losses of 621 million, 688 million and 1.398 billion respectively from 19 to 21 years. Fall into the strange circle of increasing sales but continuing to lose money.
The second worry lies in the brand strength of Ian. Compared with today's hegemony Tesla, Inc., BYD and other giants in the field of new energy capital investment and technology accumulation, objectively speaking, Ian still has more room to catch up, compared with the lack of a certain brand image. Brand image, in the hearts of consumers in the high-end market, is very important, and this road still has a long way to go.
The third worry is the increasingly "internal volume" of the current situation of the industry. This is also a problem faced by all new energy car companies. The market tends to mature, the competition is becoming increasingly fierce, and the consumption ideas of consumers are becoming more and more picky and mature. Both big car companies and cutting-edge car companies have gone to great lengths to seize the market. Even the tycoon Tesla, Inc. once announced that he would launch more than 100,000 models. Once the price war comes true, the competition in the new energy market will only become more brutal, and GAC EAN, which is in the middle of the industrial chain, still needs to make more efforts to maintain its advantages.
However, today's Ian has also made a lot of responses. For example, in September this year, Ian released its own high-end pure electric supercar Hyper SSR,1.9 with a strong performance of more than 100 seconds, which showed the market a huge breakthrough in new energy technology and performance. In November, Ian successively released the AEP3.0 pure electric exclusive platform, as well as the Xingling electronic and electrical architecture that integrates Fengyun No. 3 infrared remote sensing technology, focusing on improving handling and safety, subtle perception of road conditions, so that consumers dare to install and use the smart driving system, further pushing China's new energy underlying technology to new heights, but also revealing its ambition to catch up with and surpass Tesla, Inc..
Of course, you can't eat hot tofu in a hurry. Although Ian has significant advantages now, it still needs to make more efforts if it wants to continue to expand GAC's territory in the field of new energy in the future.
Summary
From financing, listing, and then to the transformation of high-end, GAC Ean has created countless miracles. With powerful resources in hand, the limelight is strong, and the prospect is promising. However, in the current highly competitive new energy vehicle market, we have to face up to the quagmire of losses, while the conquest of the core technology and the layout of the industrial chain are still under intensive preparation and sprint, and the future of Ian is still full of variables.
But the history of the development of GAC Ean has always been commendable. In recent years, it has risen under pressure and achieved on the Red Sea. I believe that the future of Eian will, as Gu Huinan, general manager of Guangqi Ean, said, "Eian will spare no effort to give full play to its own wisdom in the future, and join hands with all sectors of society to promote the progress and development of science and technology for the benefit of the world." So, let's wait and see!
Pseudonym: Ellen
Source: pine cone finance
Original title: GAC EAN, which is worth more than 100 billion yuan, will be the future of GAC?