Shulou(Shulou.com)11/24 Report--

On the evening of November 17, Lantu Motor announced that it had completed the signing and delivery of the financing agreement for the first round of the first round of war. Lantu Automobile raised nearly 5 billion yuan in this round, and the market valuation after financing was nearly 30 billion yuan.

This round of financing of Lantu Automobile consists of 10 investors, jointly led by the national team of central enterprises and large state-owned financial institutions with strategic coordination, and actively followed by state-owned capital, local state-owned assets, industry and private capital. The joint investors are the mixed reform fund of state-owned enterprises and the assets of the Bank of China, and the investors include ICBC Investment, Agricultural Bank of China Investment, Bank of Communications Yuanyang three state-owned capital, Wuhan production Investment, Hubei High-quality Development Fund, and Zhongxin High Investment. Ganfeng lithium industry, Xin Wanda two industries and private capital. Dongfeng Group simultaneously followed up this round of financing. After this round of financing, Dongfeng Group held 78.88% of the shares held by round An investors and 12.37% held by round An investors, while Lantu employee shareholding platform held 8.75%.

Lu Fang, CEO of Lantu Automobile, said: "in the current complex environment of grim international economic situation and the superposition of many unfavorable factors, it is more difficult for the automobile and parts industry to invest and finance, but Lantu Automobile successfully launched a financing of nearly 5 billion yuan, reflecting the full recognition and confidence of investors in the primary market for the investment value of Lantu Automobile." It also shows that Lantu Automobile has super strength and unique advantages on the track of high-end intelligent electric vehicles. "

This round of financing funds will be used to support Lantu technology research and development, marketing investment, digital system construction, production capacity construction and other issues related to Lantu's main business operation and expansion. After this round of financing, Lantu Automobile will start the follow-up round of financing according to the specific situation.

Lantu Automobile is a high-end new energy brand built by Dongfeng Group. Since the launch of the brand in 2020, Lantu has launched two high-end new energy vehicle products: intelligent electric SUV Lantu FREE and electric MPV Lantu Dreamer. The third car Lantu Yuguang is expected to make its debut in December this year.

In February 2022, Lantu officially announced its entry into the European market, with its first stop in Norway. Next, after the Norwegian market, from 2023, Lantu dreamers will also be officially launched in the European market, and Lantu Motors will also enter Sweden, the Netherlands, Denmark and Israel.

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