To the surprise of many people, zero running cars will squeeze into the forefront of the new forces of car building.
Recently, Zero run automobile released the sales data in January. The data show that Zero run delivered 8085 new cars in January, a year-on-year increase of 434%. So far, Zero run has increased by more than 200% year-on-year for ten consecutive months. From the sales data, Zero run has successfully entered the forefront of the new forces of car making, and has the strength to fight with the support of the parent company Zhejiang Dahua Technology Co.Ltd(002236) and Hangzhou SASAC.
the way of Zero run
Zero run automobile was founded in 2017, which is about three years later than the three giants of the new forces of car making. Therefore, the volume before the Zero run car is not large, and it has just been squeezed into the second tier new energy vehicle brand in China. However, the shareholder lineup of Zero run automobile is very luxurious. In addition to the parent company Zhejiang Dahua Technology Co.Ltd(002236) , Guosen Securities Co.Ltd(002736) , Sequoia China and CICC capital are also included.
In terms of technology, Zero run takes advantage of Dahua’s advantages in the IT field to realize the combination of software and hardware and all-round self-research. This also makes Zero run become the second new energy vehicle enterprise with a complete closed-loop industrial chain integrating self research, self production, sales and service of intelligent vehicles in addition to Tesla. With the support of technology and products, Zhu Jiangming, founder, chairman and CEO of Zero run technology, said at the Zero run 2.0 Strategy Conference held in July 2021 that he would surpass Tesla within three years.
Although this sentence was interpreted by many people as self boasting and hype at that time. But after careful consideration, there is a long-term layout of zero running behind it. Now, from the overall situation of zero running, it has begun to show the ability of catching up from behind. At a time when car companies are generally short of core, Zero run car ensures vehicle production with its own rail level chip. According to the official data released, the computing power of Lingxin 01 chip developed by ourselves has reached 4.2tops and the power consumption is 4W. Although there is still a big gap between Lingxin 01’s 4.2tops and Tesla FSD chip’s 72tops in terms of computing power, Lingxin 01 has lower overall energy consumption ratio and stronger security. In addition to the chip, the technical performance of the Zero run self-developed three electricity system is not inferior to that of other car enterprises. For example, the “eight in one” integrated electric drive assembly “Heracles” designed by Zero run has passed the durability test of 500000 km accelerated life test, and its system efficiency is even as high as 94.52%.
For the original intention of “global self-study” of Zero run, the co-founder, director President Wu Baojun said: “Zero run” means we want to master the core competitiveness in our own hands, but since we are not sure what is the new force in the future or the core competitiveness of intelligent electric vehicles, we will do everything by ourselves, which can ensure a better chance to master the core competitiveness. At present, our advantages are: first, intelligent driving chips and intelligent manufacturing; second, all electrical software are written by ourselves 。 This is based on having a core competitiveness with uncertain future and constantly refining their competitiveness in the process of development. “
After reaching the ability of global self-study, Zero run also ushered in the harvest season. In 2021, Zero run delivered 43121 new cars in total, with a year-on-year increase of nearly 300%. Among the new forces of car making, it is only second to Xiaopeng, Weilai, ideal, Nezha and Weima. Obviously, with strong product power and excellent cost performance, Zero run has gradually become the object recognized by consumers. Zhu Jiangming said: “we will continue to invest in the construction of computing center and reach a leading level in the field of intelligence, especially in intelligent driving, intelligent cockpit, Internet of vehicles and power, and continue to build core advantages.”
or going overseas IPO
With the continuous rise of sales, Zero run is also accelerating the introduction of new products to expand its product line. According to the product plan of Zero run from 2022 to 2024, 2-3 models will be launched every year, including cars, SUVs, MPVS and other models, covering two power systems: pure electric and incremental program. To support the research and development of new cars and technologies, we need more capital reserves. Therefore, the realization of IPO has become the primary task of Zero run.
Recently, according to the information on the website of the CSRC, we have received the approval materials for the overseas initial public offering of shares (including ordinary shares, preferred shares and other stocks and derivative forms of stocks) from Zhejiang lingpao Technology Co., Ltd.
In fact, as early as October 2021, there were rumors that Zero run was considering going to Hong Kong for IPO, raising at least US $1 billion (about RMB 6.45 billion). But officials quickly responded that the news was untrue. Although the information released on the CSRC website did not clearly point out the destination of Zero run listing. However, it is certain that Zero run has abandoned the listing plan of the science and innovation board and looked for opportunities in the overseas market with more flexible listing mechanism.
In terms of financing, according to the data of qixinbao, Zero run automobile has conducted financing for a total of 6 times since its establishment, with a cumulative amount of more than 11.5 billion yuan. The latest financing came from last July. The investors include CICC capital, Hangzhou venture capital fund, China Securities Co.Ltd(601066) and CITIC daika, with a financing amount of 4.5 billion yuan. In addition, in 2021, the action of zero running at the industrial and commercial level is also more frequent. In addition to the equity filing of new investors, the registered principal has been changed for many times. At the same time, Zero run also changed “limited liability company (Sino foreign joint venture)” to “joint stock limited company (Hong Kong, Macao and Taiwan investment, unlisted)” in April 2021. Insiders said that this series of actions are preparing for listing.
At present, it is only one step away from the realization of IPO, but it only adds a financing path. Facing other opponents, Zero run still has a long way to go. For the growth of Zero run, it is full of infinite possibilities. At a time when new energy has gradually become an upsurge, China already has a relatively complete new energy industry chain. At present, Zero run automobile may not be able to compete with the leading enterprises of new forces in car making in China, but as the representative of the second echelon, it will also benefit from the great development of the industry and have its own foothold, so as to realize self hematopoiesis. Cui Dongshu, Secretary General of the Federation of passengers, said that the good market is indeed an important boost to the overall improvement of zero running. With the influence of entry-level models, zero running has occupied a place in the new energy vehicle market and has the ability to impact the first camp.
