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China Harmony Interims Report 2017, Auszug: Rapid Progress of Intelligent Internet Electric Vehicles Project (FMC) Global Platform In recent years, new energy vehicles have developed rapidly around the globe and in China. The Group, as the founding investor, invested in the establishment of FMC, which focuses on the R&D and manufacturing of highend intelligent electric vehicles, in 2016. As a global intelligent electric vehicle company, FMC has dedicated to manufacture high-end intelligent electric vehicles in China and build up the future for global automobile industry to provide pleasant travelling experience for people. FMC has set up headquarters, manufacturing and R&D bases in Nanjing, engineering R&D centre in Munich, as well as intelligent, internet and autonomous driving R&D centre in Silicon Valley. 92017 Interim Report Business Overview Elite Entrepreneurial Team The core team of FMC are elite talents from large auto companies and technology companies such as BMW, Tesla, Google, Apple and Infiniti, etc. Powerful research and development teams and experienced management teams provide strong driving force for the development of high-end intelligent internet electric vehicles. Strong Government Support In January 2017, FMC entered into an agreement with Nanjing Economic and technological development zone, pursuant to which the high-end intelligent electric vehicles research and development and manufacturing base is expected to be constructed in Nanjing Economic and Technological Development Zone with the planned total annual production capacity of 300,000 units of intelligent electric vehicles. Among which, the Phase I Project has a designed annual production capacity of 150,000 units of intelligent electric vehicles, and is expected to commence construction in 2017 and to commence production upon completion in 2019. The local government has placed FMC as an important project at provincial level in Jiangsu Province, and will provide substantial support in capital, land, tax and R&D incentives, etc. Steady Progress in Products In the first half of 2017, the businesses of FMC have developed steadily with remarkable achievements in research and development and manufacturing. FMC is expected to introduce the first prototype vehicle at the end of 2017 and to present it at the CES conference to be held in January 2018 and to officially launch the first vehicle for mass production in 2019. Successful Financings FMC has conducted two rounds of financing since its inception to introduce investors, with the first round executed in December 2016 and the second round in July 2017. FMC’s pre-investment valuation in the second round of financing was USD550 million with the financing scale of USD200 million and the corresponding postinvestment valuation of USD750 million, which fully indicated the acknowledgement of the investors to FMC. The investment funds which invested in FMC were comprised of well-known investment management institutions and large enterprise groups. FMC has received very strong interests from lots of investors and will launch another round of financing recently. Harmony Auto Recorded High Appreciation Gains from FMC Due to the appreciation of valuation of FMC, in which the Group invested, the investment income recognised by the Group in the first half of 2017 was RMB332.9 million, after deducting the sharing of FMC’s losses of RMB79.6 million, the net gain was RMB253.3 million. With the progressing and completion of FMC’s product milestones, it will conduct several rounds of financing continuously, until its listing on a stock exchange. After FMC enters into volume production in the future, Harmony Auto will provide platform supports in new vehicle sales and after-sales services to FMC, and bring in new revenues to the Group at the same time. The Board believes that it will receive continuous investment returns with the progress of businesses, subsequent financing and future listing of FMC. |
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| aus der Diskussion: | byton-DAS E-Auto der Zukunft! |
| Autor (Datum des Eintrages): | Winfix (26.09.17 13:58:10) |
| Beitrag: | 8 von 232 (ID:55825407) |
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