Tucki's acquisition of Foday Motor resulted in a skyrocketing price, and the rise was going on.

Recently, Xpeng Motors officially announced the acquisition of Guangzhou Foday Automobile, which also marked that Xpeng Motors has become another new force to build cars by acquiring automobile manufacturers. Prior to this, among the new car-making forces, four companies, Weimar Automobile, Electric Cafe Automobile, Baiteng Automobile and Chehejia, have obtained the car-making qualification, and Xpeng Motors has become the fifth.

In order to acquire Foday, Tucki established Zhaoqing Tucki New Energy Investment Co., Ltd. with a registered capital of 1 million yuan. It is reported that Xpeng Motors may place the new Tucki P7 production line in Zhaoqing after the acquisition of Foday.

The income is not high. Why do the new forces enjoy buying qualifications?

as we all know, the new car-making forces have been in a state of light assets due to problems such as capital and production qualification, that is to say, they don't have their own manufacturing plants, and rely on the OEM of second-and third-tier car-making enterprises to produce, which involves costs that many enterprises can't avoid.

Take Weilai Automobile as an example. Weilai cooperates with Jianghuai Automobile for OEM. In the cooperation between them, Weilai Automobile will not only bear the manufacturing labor costs of Jianghuai, but also share the operating costs and pay the OEM fees. If there is any operating loss, Weilai will also bear it. According to statistics, in 219, Weilai Automobile paid more than 2 million yuan in compensation to Jianghuai Automobile.

Although it is only nine Niu Yi cents compared with Weilai's loss of nearly 11.3 billion yuan in 219, I'm afraid half of the high cost of making cars reflected by the gross profit margin of -15.3% will be blamed on the OEM.

Therefore, the new car-making forces' desire to seek car-making qualifications and build their own factories is like lice on a bald man's head.

Some people will say that it costs money to buy a company ~ Let's talk about the cost of the acquisition by various new forces:

Weimar Automobile's acquisition of Dalian Huanghai Automobile cost 1.18 billion yuan;

the SUV production qualification of electric coffee automobile to acquire Xihu automobile;

The acquisition of FAW Huali by Baiteng Automobile costs 1 yuan+855 million yuan in debt settlement+employee salary;

che hejia bought Chongqing xinfan machinery equipment co., ltd. for 65 million yuan;

although we don't know the cost of Tucki's acquisition of Foday automobile for the time being, combined with the above situation, we can find that, in fact, compared with the loss of billions every quarter, the cost of acquiring the qualification to build a car is actually not too high. This is also the reason why the new car-making forces are eager to seek acquisitions.

of course, the premise is that the past can be explained, such as the loss degree of Weilai, it will not work.

Tucki's qualifications, what can you get in the future?

Many people are concerned about how much influence Tucki will have on his future after obtaining the qualification. A few days ago, Xpeng Motors has officially announced that it has obtained Series C financing with a total amount of US$ 4 million. In addition, it has obtained unsecured credit loans of several billion yuan from China Merchants, CITIC, HSBC and other banks. Although there is still a considerable gap compared with the financing of 3 billion yuan released by Tucki last year, it has been very successful.

although Tucki is not a listed company, we can't get financial reports, but considering the sales volume of nearly 25, G3 units in Tucki last year, its publicity cost and price, Tucki's current liabilities and losses are much better than Wei's.

There must be some factors brought by the acquisition of Foday in this C-round financing and obtaining unsecured credit loans, because the time and energy involved in financing or acquisition cannot be completed in a few days or more. As you can imagine, Tucki must have thrown out the card that he is about to get the qualification during the financing and negotiation, and it is an important weight in the negotiation, so that he can get a lot of financing so easily.

in addition to this round of financing, Tucki acquired the ability to invest and build factories after acquiring qualifications. This means that it is possible for Tucki to get government investment in the future. Once the factory is formally established and invested, for the local government, especially for the third-and fourth-tier cities, both the results of attracting investment, taxes, local employment rate, and even the education level and economic level will achieve leap-forward development.

Therefore, after Tucki's brand is put up, the local government will not let him go out of business easily. When necessary, it is highly probable that he will be given a series of preferential policies, including tax exemption and local bank loans.

Earlier, it was reported in Tucki that it was planning to go public. Compared with the day Weilai Automobile went public in the United States, it was greeted with a roller coaster that fell by 13% first and then rose by 5%. If Tucki successfully went public, the situation it encountered might be different. After all, with assets behind it and government support, Tucki's share price might be relatively firm.

Tucki will surpass Weilai, and become a pair with Weimar

Among the new car-making enterprises, Weilai, Tucki and Weimar are the most successful. Compared with second-tier small brands such as Nezha, these three companies have great advantages in both sales volume and financing scale.

after obtaining the qualification and financing, the enterprise value of Tucki has approached USD 4 billion, which is just the beginning. If you want to talk about the benefits of building a factory independently, look up and see that the valuation of Weimar Automobile has reached RMB 41 billion, which has soared by RMB 11 billion within one year.

In fact, due to the loss of new car-making forces and the decline of new energy subsidies, the financing comprehensive degree of China electric vehicle manufacturers has fallen to 783.1 million US dollars in June of 19, down 87% year-on-year. That is to say, few people have been able to invest in this industry, and most investors are worried about the decline of new energy vehicles. Only in the future can enterprises with factories, qualifications and strength survive in the big waves.

Tucki and Weimar have all three at present, but Weilai, although powerful, has no qualifications. Without land, whether it can sell itself again and again has become a problem. Some people say that Li Bin is the next Jia Yueting, so I don't want to make more comments here. But Xpeng Motors's future is better than Weilai's, and it is 1% doomed.

In other words, the value of Tucki in the eyes of investors at this stage is better than Weilai, second only to Weimar. If one day, Tucki needs to sell herself, she can also sell it at a good price, at least there will be no one interested.

article: lotus leaf porridge

this article comes from the author of chejia, car home, and does not represent car home's standpoint.