Automotive Dec 14, 2020 05:22 PM (GMT+8)
On December 11, Weilai announced the issuance of 60 million additional ads shares. On December 14, Weilai announced that the price of this additional offering was 39 US dollars per share, and the issuance scale was increased from 60 million shares on the 11th to 68 million shares. In addition, the issuer can over allotment 10.2 million shares within 30 days. This means that the largest amount raised by Weilai this time will reach 3.05 billion US dollars.
As for the purpose of the fund, Weilai said that 60% of the funds raised this time will be used for the research and development of new products and future automatic driving technology platform. Wei Lai is speeding up the development of its second generation automatic driving technology platform NT2.0. The core is to build an industry-leading mass production automatic driving system, which will be mounted on the next new car model, and the hardware configuration and ADAS/AD software capability will be improved by leaps and bounds.
This text is a result of machine translation.