Recently, SVOLT's IPO plan was unexpectedly terminated, which aroused widespread concern in the market. As a battery manufacturer derived from the Great Wall Motors system, SVOLT has not been able to enter the first echelon in the competitive torrent of the lithium-ion battery market, accounting for only 1. in the first three quarters of 202373% market share. The IPO, which was originally planned to raise 15 billion yuan, was originally the largest IPO project on the Science and Technology Innovation Board, and after its termination, Megvii Technology became the largest project under review. This incident undoubtedly brought a lot of shock to the market.
1.Cool thinking behind the carnival of capital.
First of all, I think the termination of SVOLT's IPO is a sign of the return of rationality in the market. In the past period, with the rise of emerging industries such as new energy and new materials, the capital market's pursuit of these fields has reached a feverish level. Corporate valuations and financing are rising, and investors seem to see one wealth myth after another unfold before their eyes. However, in this frenzied atmosphere, the blindness and risk of the market are also quietly breeding. The termination of SVOLT's IPO may be a signal that the market is beginning to return to rationality.
2.The challenge of survival in a highly competitive environment.
Secondly, the competitive landscape of the lithium-ion battery market poses a huge challenge to the survival and development of SVOLT. Giants such as CATL, BYD, and China Innovation Airlines occupy more than 80% of the market share, and these companies have obvious advantages in technology research and development, capacity expansion, and market share. In contrast, SVOLT has not performed well in the market, which undoubtedly increases its difficulty in raising funds in the capital market. In such an environment, how to break through the honeycomb energy has become the focus of market attention.
3.The constraints and breakthroughs of related sales.
Finally, one of the reasons for the tortuous road to listing is that SVOLT is limited by affiliated sales. Due to the relationship with Great Wall Motors, SVOLT has been restricted in its business development. In today's increasingly fierce competition in the new energy vehicle market, the deep binding with Great Wall Motors may limit SVOLT's business expansion and innovation capabilities. How to break the shackles of this related sales and achieve more independent business development is an important topic that SVOLT needs to face in the future.
In short, the termination of SVOLT's IPO has aroused widespread concern and in-depth thinking in the market. Behind the carnival of capital and the blindness of the market, the market has begun to gradually return to rationality. The competitive landscape of the lithium-ion battery market has brought huge survival pressure to small and medium-sized enterprises such as SVOLT Energy. At the same time, the related sales relationship with Great Wall Motors has also become an important factor restricting the development of SVOLT Energy. In the future, we look forward to seeing SVOLT make greater breakthroughs and innovations in the capital market and business development. Although this capital carnival has come to an end temporarily, the story of Honeycomb Energy may have just begun.