According to the news on January 1, the CSRC recently disclosed that it had received the approval materials of overseas initial public offering shares (including common shares, preferred shares and other derivative forms of shares) of China Chuang Xinhang Technology Co., Ltd. (hereinafter referred to as "China Chuang Xinhang"). After it is accepted, Sinovel is expected to be able to submit its prospectus on the Hong Kong Stock Exchange soon.
On November 17, 2021, Sinovel held a CALB strategy conference in Changzhou, Jiangsu Province. At the meeting, Liu Jingyu, chairman of Sinovel, said that AVIC had completed its shareholding transformation and planned to land in the capital market.
According to public data, Sinovel was founded in 2007, and since its major asset restructuring in 2019, it has greatly adjusted its strategy, products and customers, strategically turning to ternary lithium and passenger cars, mainly high-pressure products, and customers to GAC Ean and Changan to open the market, and then started a prairie fire, and successively signed fixed-point agreements with Wuling Hongguang, Geometry, Guangzhou Automobile Toyota, Guangzhou Automobile Honda and Smart. Driven by the rapid increase in the installed capacity of power batteries, the domestic market share remained at the fourth place in the whole year of 2020 and the first half of 2021.
According to the data of China Automotive Power Battery Industry Innovation Alliance, from January to November 2021, China New Airlines ranked third in domestic power battery installations, second only to Ningde Times and BYD.
In the global market, according to the latest data released by South Korean research firm SNE Research, from January to November 2021, Sinovel ranked seventh in the number of power batteries installed in the world by 6.8GWh, with an increase of more than 155 per cent compared with the same period in 2020, with a market share of about 2.7 per cent.
In terms of capacity, recently, Sinovel has raised its target power battery capacity to 500GWhh in 2025 and is expected to reach 1TWh in 2030.
Since 2021, China New Airlines has accelerated its expansion of industrial layout, and has set up seven industrial bases in Changzhou, Luoyang, Xiamen, Chengdu, Wuhan, Hefei and Heilongjiang, and will focus on constructing the development model of industrial clusters. it is planned to form five major industrial base clusters, such as the Pearl River Delta, the Yangtze River Delta, the southwest region, the central region and the northeast region. At the same time, the company plans to build overseas industrial bases in Europe and North America, forming four major R & D centers in Shenzhen, Shanghai, Changzhou and Chengdu, planning R & D centers in Europe and North America, and will carry out new R & D layout in the future. continue to build a global R & D network.
In addition, public data show that Sinovel has gone through several rounds of financing, and its investors include CIC Chuangchuang, Chuanghe Xincai Fund, Xiaomi Yangtze River Industrial Fund, Cornerstone Capital, Sequoia Capital China, Guangzhou Automobile Capital and so on.
The latest round of equity financing for Sinovel was in September 2021, with a fund-raising scale of 12 billion yuan. In this round of financing, in addition to the Changzhou government, Xiamen government, aviation industry group and other original shareholders continue to increase their holdings, but also obtained Wuhan, Chengdu and other government-owned investment companies, the national manufacturing transformation fund and other state-owned capital investment.
At present, the largest shareholder of Sinovel is Changzhou Jinsha Technology Investment Co., Ltd., which belongs to the Jintan government of Changzhou City, with a shareholding ratio of about 21%. Chengfei Integration is the second largest shareholder of Sinovel, with a shareholding ratio of about 12.6%.
