“Traditional car dealers cannot make smart carsâ€, Shen Hui left Botai to build Weimar Automobile
The car company is called Weimar Automobile and was established on October 20 last year. According to the latest media reports, the company has completed Round A financing with an overall financing amount of US$1 billion. Even in the burning car industry, financing at this scale is rare.
Of course, many people in this company are still relatively unfamiliar, but their founders should be more familiar with it, that is, who successfully helped Li Chuanfu acquire Volvo and sit in the top spot of Volvo China. Shen Hui left Volvo at the end of 14 years and joined the startup company Botai as CEO to start building smart cars. However, less than a year, Shen Hui left again, this time he chose to start his own business and set up the Weimar Automobile.
From Volvo, the reason given by Shen Hui is that traditional car manufacturers cannot make smart cars; leaving Botai, Shen Hui did not give clear reasons, but many rumors claim that Botai is not successful in financing. As a result, Botai has been stalled since August last year in vehicle manufacturing.
Shen Hui once said that a new smart new car needs to finance 20 billion yuan. After he took the post of CEO of Botai, he gave Botai a financing target of 22 billion in the car networking business, and the financing target of the smart car is 15 billion.
Shen Hui only officially left Botai in December last year. However, in fact, as early as last October, he had already established Weimar Automobile with a registered capital of more than 10 billion yuan. At present, Weimar Motors has branches or partner companies in Chengdu, Suzhou, Wuxi, Shanghai Qingpu, Wenzhou and other places. The two companies in Wuxi and Qingpu are manufacturing companies. It can be seen that Shen Hui is not ready to find OEMs. To complete the production of the car part.
At present, there is not much news on Weimar Motors’ car makers, and according to a report in the Wenzhou Daily on July 20, some latest information was revealed.
“With the landing of major investment projects, the Xinjiangkou New District will take the lead in negotiating a land area of ​​1,100 mu, and the first-phase planned to invest 10.5 billion yuan in the Weimar New Energy Smart Automobile Industrial Park project. After the completion of the first phase, it will produce 100,000 cars. Post-production sales revenue is expected to be no less than 20 billion yuan . At present, the main investor has established an operation and management company in Minjiang Estuary with a registered capital of 4 billion yuan."
It seems that Weimar Motors, which has successfully obtained a huge amount of investment, is really ready to build a car.
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