Once upon a time, businesses that are highly related to electric vehicles have always been a hot spot for investment in capital circles, but with the slowdown in the new energy vehicle market and the ebb of electric vehicle investment, this trend is being reversed.
According to foreign media reports,The Volkswagen Group has postponed its financing plans for its battery division, PowerCoOriginally, the company planned to expand the scale of the company by seeking investors from the outside world through open recruitment, but the project was immediately halted after entering 2024.
And there are similar situationsRenaultLast year, they embarked on a massive restructuring plan, the most important of which was the IPO of its electric car and software company Ampere, and interestingly, almost at the same time that Volkswagen announced the suspension of its IPO plans, Renault also suspended its plans.
So why did the two world's top automakers stop financing related to electrification?
The reason, of courseThe global economy is in a downturn, the contraction of investment due to the slowdown in demand for electric vehicles, and this trend is global and not just in a single market.
Take the United States, for exampleLast year, the sales of pure electric vehicles in the United States exceeded 1 million for the first time, creating the best results in history, but this is only on the surface, you must know that previously, the authoritative agency for the United States electric vehicle sales last year is expected to be about 1.6 million, that is to say, the performance of the American electric vehicle market is far less than expected, the vast majority of electric vehicle sales on the market are from Tesla, and other new power brands are basically better than nothing.
For example, General Motors has postponed the production of some electric models in North America, including the low-end electric vehicle project that was originally planned to be developed with Honda, and Ford has also suspended the investment plan for electric vehicles with an investment of up to $12 billion.
Of course, the downturn in the market is not the main reason for the decline in the enthusiasm of car companies for IPOsChanges in the financing environment are also a major factorEspecially when new energy vehicles are just emerging, the concept stocks with huge appreciation space continue to emerge, including Tesla, which is now on fire, and a large number of new power car companies in the Chinese market, and even in the craziest time, even the car has not been built, and the market value of this car company has repeatedly hit new highs.
One of the most typical,It is Rivian, the new power brand of the United StatesIt is said that after the car company went public at the end of 2021, it only took a few days to achieve the feat of exceeding 100 billion US dollars in market capitalization, and its volume once occupied the top three car companies in the world.
In the final analysis, that kind of thing is just a capital carnival under the bubble economy, everyone hypes around an emerging concept, absorbs investors' money, and finally makes a virtual cake bigger, and in the end some people make money, and some people lose money, behind the fall of a group of new power car companies, it is the sequelae of this game. And this will basically not happen again in 2024 after the epidemic, no investor will casually invest their money in companies that rely on PPT to make cars, and even if it is a car company with mature products, it is no longer the object of capital favor.
AbsolutelyThe slowdown in the IPO of electric vehicles does not mean that investment will not continue. With the deepening of the process of automobile electrification, more and more fuel vehicles will be eliminated, the original fuel vehicle market, will gradually be replaced by electric vehicles, between the old and the new, related investment activities will also be re-active, but compared with previous years, it is no longer so crazy.