Chongqing Sokon Industry Group Stock Co.Ltd(601127) : the fixed increase of RMB 7.13 billion was approved and will continue to be invested in technological upgrading

Chongqing Sokon Industry Group Stock Co.Ltd(601127) 5 on the evening of May 23, it was announced that the company’s application for non-public offering of shares was approved by the development and Examination Commission of the CSRC. According to the announcement released by the company earlier, Chongqing Sokon Industry Group Stock Co.Ltd(601127) plans to raise 7.13 billion yuan, and the net amount raised after deducting the issuance expenses will be used for electric vehicle development and product platform technology upgrading projects, factory intelligent upgrading and electric drive production line construction projects, user center construction projects, etc.

With the vigorous development of a new round of global scientific and technological revolution and industrial reform, new energy vehicles have become the main direction of the transformation and development of the global automobile industry. Chongqing Sokon Industry Group Stock Co.Ltd(601127) , who has experience in vehicle manufacturing, is increasing the layout of new energy industry by increasing investment in new energy vehicle technology research and development and sales channel construction. According to the annual report of 2021, Chongqing Sokon Industry Group Stock Co.Ltd(601127) achieved a revenue of 16.718 billion yuan, a year-on-year increase of 16.89%, and the new energy vehicle business became the core growth point. From January to April this year, Chongqing Sokon Industry Group Stock Co.Ltd(601127) sold 22800 new energy vehicles, a year-on-year increase of 199.64%, far exceeding the industry average, accounting for 28.45% of the company’s total sales in the same period. Among them, the sales volume of high-end model Thalis exceeds 8400.

Chongqing Sokon Industry Group Stock Co.Ltd(601127) annual R & D investment exceeds 10% of sales revenue. In 2021, R & D investment is 1.949 billion yuan, accounting for 11.66% of revenue. Over the past six years, the company has invested nearly 10 billion yuan in R & D Chongqing Sokon Industry Group Stock Co.Ltd(601127) said that in terms of technology, the company will carry out forward-looking technology research and development around the development trend of electrification, intelligence and networking of new energy vehicles, so as to improve the comprehensive competitiveness of the company.

At the previous shareholders’ meeting, Chongqing Sokon Industry Group Stock Co.Ltd(601127) also revealed the progress related to new products. The question M7 positioning large luxury SUV will be released later, and more user centers and experience centers will be put into use one after another Chongqing Sokon Industry Group Stock Co.Ltd(601127) chairman Zhang Zhengping said that investment in the field of new energy is the key to achieving sustainable development in the next ten, twenty or even further years, and it is also the core foothold of Chongqing Sokon Industry Group Stock Co.Ltd(601127) intelligent ecological strategic transformation.

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