Zero run technology, the fastest-growing delivery volume of China's new car building forces in the near future, is going to sprint into Hong Kong stocks.
Zhejiang Zero run Technology Co., Ltd. confirmed on March 18 that it had submitted the listing application to the Hong Kong stock exchange. The co sponsors are China International Capital Corporation Limited(601995) , Citigroup, JPMorgan Chase and CCB international. The main investors of Zero run include Sequoia Zhisheng, Shanghai Electric Group Company Limited(601727) Hong Kong, etc.
It is worth noting that Zhu Jiangming, the founder of Zero run, is also the founder of A-share security leader Zhejiang Dahua Technology Co.Ltd(002236) who previously claimed that the company's automatic driving technology would surpass Tesla within three years.
among new forces, the delivery volume has the fastest growth rate
According to the prospectus, Zero run technology was founded by Zhu Jiangming in 2015. The company independently developed all key software and hardware in the core system and electronic components of intelligent electric vehicles. The prospectus quoted frost Sullivan as saying that company is the only emerging electric vehicle company with independent research and development capability in China
The prospectus also shows that the total income of Zero run technology in 2019, 2020 and 2021 was RMB 119.9 million, RMB 631.3 million and RMB 3.132 billion respectively. The losses attributable to equity holders of the company in the past three years were RMB 901 million, RMB 1.1 billion and RMB 2845.7 million respectively.
Among the new forces of car making in China, Zero run has the fastest growth rate of delivery at present. In the whole year of 2021, 43748 electric vehicles were delivered in total, with a year-on-year increase of 443.5%. In February 2022, 3435 electric vehicles were delivered by zero running, with a year-on-year increase of 447%.
In terms of new energy vehicle products, Zero run mainly focuses on China's medium and high-end mainstream new energy vehicle market with prices ranging from 150000 yuan to 300000 yuan. The prospectus says that the market will become the largest and fastest-growing new energy vehicle segment by the end of 2023. Zero run introduced that the company plans to launch eight new models by the end of 2025 at the speed of one to three models a year, covering cars, SUVs and MPVS of various sizes Zero run also plans to launch an intelligent pure electric medium and large car C01 in the second quarter of 2022 and start delivery in the third quarter of 2022.
Ranking of delivery volume data of major intelligent new energy vehicle manufacturing companies in China in February 2022
security leader founder's second venture
It is worth noting that Zhu Jiangming, the founder of Zero run technology, is an engineer with more than 30 years of experience in the field of electronics and artificial intelligence. He is also the co-founder of Zhejiang Dahua Technology Co.Ltd(002236) A-share security leader Zhejiang Dahua Technology Co.Ltd(002236) and Hangzhou Hikvision Digital Technology Co.Ltd(002415) with its headquarters in Hangzhou for many years, ranking among the top three in the global security industry.
"The global market of the security industry is limited, and it is impossible for one company to own it, and the cake of the automobile industry is large enough." Zhu Jiangming previously told the reporter of Shanghai Securities News that he and his entrepreneurial partners started from 5000 yuan in 1992. After 30 years of efforts, Zhejiang Dahua Technology Co.Ltd(002236) has become a technology company with a market value of 50 billion yuan. He wants to lead a new team to cut a bigger "cake" in the intelligent new energy vehicle industry. In 2021, Zhu Jiangming resigned from all posts of Zhejiang Dahua Technology Co.Ltd(002236) and said that he would focus on zero running.
According to the analysis of industry experts, Zhejiang Dahua Technology Co.Ltd(002236) previously, its main business was the R & D, production and sales of security video surveillance products. At the same time, it also explored new business models such as VR / AR, intelligent Siasun Robot&Automation Co.Ltd(300024) , intelligent vehicle electronics and so on. Making good use of these business resources will help Zero run develop intelligent new energy vehicles. In addition, Zhejiang Dahua Technology Co.Ltd(002236) chairman Fu Liquan encouraged the employees of zero running car in 2020 and promised: "no matter what the external environment is, zero running will be alive for at least three years."
"Zero run is very confident in automatic driving technology. It is expected to achieve full scene automatic driving technology in 2024, surpassing Tesla in three years." Zhu Jiangming spoke publicly a few days ago.
Cui Dongshu, secretary-general of the Federation of passengers, analyzed the reporter of Shanghai Securities News and said that it was understandable that Zero run had previously relied on the Zhejiang Dahua Technology Co.Ltd(002236) support of a strong listed company. However, the competition among the new forces of car making is very fierce, and it may enter a new round of knockout competition in the future. Zero run needs to further improve its strength through listing and financing.
