Fast Technology reported on December 12 that according to domestic reports, IDG Capital is considering acquiring part of the shares of Chery Holding Group from existing shareholders for RMB 7 billion.
Chery Automobile Co., Ltd., a subsidiary of Chery Holding Group, is planning to submit an initial public offering (IPO) application as soon as 2024, possibly seeking a valuation of 150 billion yuan.
In this regard, Chery has not responded to ** for the time being.
In fact, Chery Automobile's demand for financing has always been relatively strong, and Chery Automobile's single vehicle profitability is far behind that of joint venture brands, and it needs a large amount of financial support in terms of new energy technology investment.
Yin Tongyue, chairman of Chery Automobile, once said that in the past, Chery has been immersed in technological innovation, and has little practical experience in capital market operation, and is currently the only vehicle company in China that has not been listed.
In recent years, in addition to continuous profitability, Chery's performance revenue has also grown rapidly with the explosion of sales, which is also very good for listing.
Sales data shows that Chery's annual sales in 2022 will be 123270,000 units, a year-on-year increase of 282%；In the first 11 months of this year, Chery Group's cumulative sales have reached 1665626, a year-on-year increase of 478%, and the sales volume reached a new high.
Moreover, in the first three quarters of this year, Chery Automobile's operating income was 2130200 million yuan, a year-on-year increase of 474%, which is also more than last year's full.