The development of domestic new car manufacturers is still dependent on the support of the state or local government.
Money. PHOTO: Credit to Unsplash
Statistics from EO AUTO shows that a total of 30 companies in the transportation field updated the investment and financing information in April, involving the segments of Intelligent Connected, Technology Transportation, Autonomous Driving, Automotive Circulation, Automotive Post-market, and New Energy.
Intelligent Connected, Technology Transportation and Autonomous Driving accounted for 76.7% of the total number of enterprises that received financing for this month. The number of enterprises in the Intelligent Network connection field has reached 10 units, accounting for 33.3% of the industry.
From the perspective of financing rounds, completed Angel round, Pre-A round, A round and A+ round of financing enterprises have the largest number, accounting for 46.6% of the total. The number of enterprises completing strategic financing accounts for 26.7% of the total, and the number of enterprises completing round B and round B+ accounts for 20.0%.
In addition, there were two enterprises completed rounds C and C+ in April, accounting for 6.7% of the total number.
In terms of funding, Uber topped the list with USD 1 billion in strategic funding from Toyota, Denso and Softbank vision fund. The money will be used to develop self-driving vehicles and truck technology, valuing Uber's autonomous driving unit, advanced technologies group (ATG), costs USD 7.25 billion.
In addition, there were two Automobile Post-market enterprises and one new energy enterprise released financing news, accounting for 10% of the total.
In March 2019, the new policy of domestic new energy vehicles was implemented, and the subsidy amount was "cut in half", which once aroused the concern and concern of new automobile manufacturers in the industry.
Hozon's USD 3 billion in wholesale financing in April came mainly from the government. According to media reports, ENOVATE's A round of financing also includes government industrial guidance funds.
The development of new car manufacturers is still dependent on the support of the state or local government, and it is difficult for them to achieve their independent growth.