Geely successfully launched a satellite; Weimar hit the Hong Kong stock IPO; Tesla was asked by US regulators to respond to the braking problem

OrganizationShu Wang He

This week’s automotive industry events guide:Tesla was required to respond to brake problems by June 20; "Geely Future Travel Constellation" first track nine-star launch was successful; Weimar officially submitted an IPO application in Hong Kong; Xiaopeng Smart Car Supporting Parts Industrial Park laid the foundation stone; Ford invested 3.70 billion dollars in the United States to expand production…

One week of investment and financing

This week, there were 17 financing events in the global automotive transportation sector, including 12 domestic and 5 foreign. According to incomplete statistics from Rui Beast Analysis, the total amount of domestic automotive transportation financing this week exceeded 100 million yuan, and the total amount of overseas financing exceeded 590 million dollars.

Scan the code to register and try "Rui Beast Analysis".

Data source: Rui Beast Analysis

Policy trends

Two departments: 300,000 yuan, 2 liters and below car purchase tax halved

On May 31, according to the official information of the Department of Taxation of the Ministry of Finance, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on the Reduction of the Purchase Tax on Some Passenger Vehicles" (hereinafter referred to as the "Announcement").

The announcement said that the vehicle purchase tax will be halved for 2.0-liter and below displacement passenger cars with a purchase date of June 1, 2022 to December 31, 2022 and the price of a bicycle (excluding VAT) does not exceed 300,000 yuan.

Large companies and major events

Tesla was asked by U.S. regulators to respond to a braking issue

According to foreign media reports, on June 3, the National Highway Traffic Safety Administration (NHTSA) said that the agency received 758 reports of unexpected braking related to Tesla’s driver assistance system Autopilot, and has asked Tesla to respond to related issues by June 20.

Geely successfully launched a satellite

At 12:00 on June 2, 2022, the first orbit of the "Geely Future Travel Constellation" nine-star successfully entered the predetermined orbit, and the launch mission was a complete success.

Geely also said in a subsequent article that through the construction of "Geely Future Travel Constellation", Geely Holding Group will build a high-precision space-time information system integrated with heaven and earth, and will comprehensively enhance the user intelligent travel experience of Geely Holding’s brands such as JK, Lynk & Co, and long-range new energy commercial vehicles.

Geely also revealed that it is expected that by 2026, through space vehicles to everything, it will be able to achieve centimeter-level high-precision positioning services on a global scale.

Weimar hits Hong Kong IPO

On June 1, a new batch of IPO applications disclosed by the Hong Kong Stock Exchange revealed that Weimar Automobile has officially submitted an IPO application for Hong Kong stocks, with Haitong International, China Merchants Bank International and Bank of China International as its sponsors.

According to the prospectus, a total of 44,200 electric vehicles were delivered in 2021, achieving a year-on-year growth of 96.3%.

Xiaopeng Intelligent Automobile Parts Industrial Park

On May 30, Zhaoqing City held a groundbreaking ceremony for the Xiaopeng Intelligent Vehicle Parts Industrial Park.

On the same day, the Zhaoqing High-tech Zone Management Committee and XPeng Motors signed a cooperation framework agreement on the joint construction of intelligent automobile supporting parts industrial park. The two sides established a joint investment promotion working mechanism and a government-enterprise interactive exchange mechanism to jointly promote the settlement of XPeng Motors’ upstream and downstream projects.

The first phase of the Xiaopeng Intelligent Vehicle Supporting Parts Industrial Park, covering an area of 1048 acres, is located in Zhaoqing Dawang New Energy Intelligent Vehicle Industry City, promoting the formation of the entire industrial chain from vehicles to batteries, motors, electronic control, automotive lightweight, and automotive aftermarket.

Ford invests $3.70 billion in U.S. production expansion

On June 2, Ford announced it would invest $3.70 billion in Michigan, Ohio, and Missouri, adding more than 6,200 union manufacturing jobs, converting nearly 3,000 UAW-Ford temporary employees to permanent full-time, and providing health benefits to all hourly workers on their first day of employment.

Rimac completes 500 million euro financing, valuing over 2 billion euros

According to foreign media reports, on June 1, Croatian automaker Rimac said that the company has raised 500 million euros ($537 million) in a new round of financing. This round of financing was led by SoftBank and Goldman Sachs, and existing shareholders Porsche and others participated, bringing its total valuation to more than 2 billion euros.

Porsche said in a separate statement that it had invested tens of millions of euros in Rimac and would hold a 20 percent stake in Rimac, down from its previous 22 percent shareholding ratio.

New car launches & new technologies

Ideal L9

On June 4, Ideal CEO Li Xiang posted on Weibo, updating the important information of Ideal L9: First, the official release time of Ideal L9 is June 21; second, all stores across the country can be tested in July; third, August officially delivered to users; fourth, September delivery volume can exceed 10,000.

Cadillac pure electric LYRIQ

On May 30, the SAIC-GM Cadillac brand announced that the luxury pure electric medium and large SUV Cadillac LYRIQ will be launched on June 6, and will announce the price, delivery time, test drive plan and other information that have attracted much attention from users.

This article is original and may not be reproduced without authorization. Otherwise, Entrepreneurship reserves the right to pursue legal responsibility. If you need to reprint or have any questions, please contact editor@cyzone.cn.