· Geely Automobile: Announced the reduction of holdings for Zhidou to apply for qualifications

The Zhidou electric car, which can be seen everywhere in the Guangzhou market, has recently been “abandoned” by major shareholders. On June 22, Geely Automobile Hong Kong listed company announced that it would sell certain shares of Ninghai Zhidou held by Zhejiang Jirun and Shanghai Huapu Guorun to third-party investors. This also means that Geely will end its controlling stake in Zhidou. At the moment when new energy vehicles are triumphantly rushing, the sudden "breakups" between the two sides have led to speculation.
Hand in hand cooperation: Helping both parties achieve a win-win situation Zhidou is a miniature electric vehicle independently developed by New Ocean Company, which looks like Mercedes-Benz Smart. Limited by the passenger car permit, in 2014, Zhidou and Zhongtai were married. Thanks to Zotye's passenger car production qualifications, coupled with the high cost performance, Zhongtai Zhidou quickly opened up in the pure electric market, but only one year later the cooperation between the two sides ended.
In 2015, Zhidou officially took advantage of Geely. According to Geely Announcement, as of the announcement date, Zhejiang Jirun and Shanghai Maple (both subsidiaries of Geely Group with 99% interest) jointly hold 45% of the registered capital of Ninghai Zhidou.
With the production, research and development, technology and market platform of Geely, Zhidou has launched a small electric vehicle of the D1 and D2 series. At the same time that the Zhidou brand has been developed, Geely's pure electric vehicle Condi is also rapidly deployed across the country.
According to statistics from the Association, in 2015, Geely Zhidou sold a total of 25,300 units, making it the highest-quality domestically produced pure electric passenger vehicle in 2015, which helped Geely achieve the 2015 vehicle sales to a certain extent. A good result of a 32% year-on-year increase.
According to Geely's plan, the new energy strategy will focus on the future development. By 2020, new energy vehicle sales will account for more than 90% of Geely's overall sales. Among them, plug-in hybrid and hybrid hybrid vehicles account for 65% of sales. %, pure electric vehicle sales accounted for 35%.
Reduced shareholdings: Let Zhidou stand on its own. The couple have a good time. Why does Geely announce that it wants to "abandon love"? The industry has speculated that "Geely has a complete new energy plan and no longer needs to know the beans."
For this statement, Geely said that it is full of confidence in the future of Zhidou electric vehicles. In order to better promote the development of the Zhidou electric vehicle industry, it is necessary to arrange for the Zhidou electric vehicle to apply for an independent announcement to the relevant departments to ensure the Zhidou electric vehicle. Ability to participate in market competition independently.
"Geely is reducing its holdings of Zhidou shares, not all of them are sold." According to the reporter's understanding, since Geely Automobile Co., Ltd. is a registered vehicle enterprise and is the controlling shareholder of Zhidou, according to the requirements of the relevant national auto industry policy, Zhidou's electric vehicles cannot apply for national announcement alone. It is precisely in order to solve this problem, Geely only "reluctantly cut love" to let Zhidou stand on its own. In addition, Geely's reduction is also based on capital considerations. According to sources, “there is a third-party capital that wants to invest in Zhidou. Currently, it is only a listed company in the Mainland.”
The industry believes that the new energy vehicle market contains huge business opportunities, and the expansion of production and mergers will be carried out frequently. The rational "breakup" of the two sides should be based on the consideration of long-term development. It will take time to prove whether the future knows whether beans can be invested in third parties.

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