Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

Recently, China’s intelligent car company Xiaopeng Automobile officially submitted IPO documents to the U.S. Securities and Futures Commission, Xiaopeng Automobile plans to list on the New York Stock Exchange underwriters including Bank of America Securities, Credit Suisse, JPMorgan Chase and so on. In its IPO filings, Xiaopeng Automobile announced its 2018-June 30 operating conditions, including information on the delivery, operating income and loss of the Two models, the G3 and P7. It is worth noting that Xiaopeng Automobile’s net loss in 2018 was RMB1,399 million, 2019 net loss was RMB3.692 billion, and the net loss in the first half of this year was RMB796 million.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

Original title: Xiaopeng Automobile submitted a prospectus in the U.S., with first-half revenue of 1 billion yuan, and He Xiaopeng’s 31.6% holding was the largest shareholder.

Edit . . . Arti.

Like NIO and Ideal Cars, which were previously listed in the U.S., Xiaopeng also applied for a listing as a start-up, with underwriters including Credit Suisse, JPMorgan Chase and Bank of America Securities.

After the formal listing, the issue will be issued in Class A and Class B shares, of which 429 million B shares will be issued.

In the IPO filing, Xiaopeng Automobile announced the delivery of its two Models, the Xiaopeng G3 and the Xiaopeng P7. Xiaopeng Has been producing G3 models since November 2018, and as of July 31 this year, Xiaopeng has delivered 18,741 G3 models. Since May this year, Xiaopeng has been delivering its second model, the P7, and as of July 31 this year, it has delivered 1,966 P7 models. The total delivery volume of Xiaopeng automobile reached 20,707 vehicles.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

In addition, Xiaopeng also plans to launch a third pure electric car in 2021, expanding its lineup.

In terms of sales network, as of June 30 this year, Xiaopeng Automobile has opened a total of 147 physical sales stores and service centers in the country, covering 52 cities nationwide, and the vast majority of sales stores are located in first- and second-tier city shopping centers.

In automobile production, Xiaopeng Automobile uses Haima Automobile’s qualification to manufacture G3 models, which are located in Zhengzhou, Henan Province. In addition, Xiaopeng has also set up a factory in Zhaoqing, Guangdong Province, and has been producing The P7 since May this year, and will use Zhaoqing factory to manufacture other models in the future. At present, the Haima plant in Zhengzhou, Henan Province, has an annual capacity of 150,000 vehicles, and the Production Capacity of the Zhaoqing plant in Guangdong is 100,000 units.

On the employee side, as of June 30 this year, Xiaopeng Automobile had 3,676 employees in China and the United States, of which 43% were research and development staff. Among all developers, the percentage of automotive design and engineering, autonomous driving and intelligent operating system researchers was 66 percent, 17 percent and 17 percent, respectively.

Prior to the IPO, Xiaopeng Automobile completed the $947 million C-plus and C-wheel financing of Ali, Gao yu, Sequoia and other leading investments, and Xiaopeng Automobile is expected to hold a total of more than 8.5 billion yuan in cash assets.

Prior to the IPO, Xiaopeng Automobile Chairman He Xiaopeng held 31.6% as the largest shareholder, Ali held 14.4% as the second largest shareholder, Xiaopeng Automobile founder Xia Wei held 4.9%, Xiaopeng Automobile co-founder He Tao held 1.6%, Xiaopeng Automobile Co-President Gu Hongdi held 2.8%, He Xiaopeng’s partner in UC Browser that year, Yu Yongfu is also one of the shareholders, other major shareholders also include small shareholders, G.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

In terms of performance, Xiaopeng Automobile’s revenue in 2019 was RMB2.32 billion, an increase of more than 238 times over 2018, and services and other revenue of 150 million yuan, up 26 times from 2018. In addition, Xiaopeng Automobile invested $2.07 billion in research and development in 2019, with a net loss of $3.69 billion for the full year. In the first half of 2020, Xiaopeng Automotive’s revenue was RMB1.003 billion, its gross profit was RMB36.116 million, and its gross margin was narrowed sharply from -3.6% YoY (in the same period in 2019 -38.23%), with a $630 million investment in research and development and a net loss of 795 million yuan in the first half of the year.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

In terms of auto sales, Xiaopeng Automobile delivered 5,489 units in the first half of the year, down from 7,165 units in the same period last year, mainly due to two factors, one is due to the first car G3 in 2018 and the first quarter of 19 years orders concentrated in 2019 Q2 delivery, the quarter G3 sales of 6723 units, resulting in a highbase;

Prior to Xiaopeng car sales mainly from the G3, G3 became the top three best-selling Chinese electric SUVs in 2019, after the introduction of Xiaopeng P7 in May 2020, the July single-month Delivery of Xiaopeng P7 is as high as 1641, Xiaopeng prospectus is expected to next become one of the main models contributing Xiaopeng’s revenue, become a new growth point.

Xiaopeng Automobile is an intelligent car company that has mastered the whole industry from design and research and development. By the end of July 2020, Xiaopeng Automobile had delivered a total of 20,707 vehicles, ranking among the top three new forces in the construction of cars. Xiaopeng Automobile is also the only new force in the development of two platforms at the same time, and based on this to develop SUVs, sedans two models of the company.

Xiaopeng prospectus: First-half revenue of 1 billion, He Xiaopeng holding 31.6% of the largest shareholders.

With NIO positioning luxury car, the main service system; Xiaopeng positioning as a medium- and high-end electric vehicles, committed to become a cost-effective intelligent car, its automotive electrical and electronic architecture is closest to Tesla, the main intelligent. This year’s flagship P7 market, to enhance sales and reputation, the follow-up will be a new model each year, and the company adopted a direct-camp plus joining model, more than 141 stores.