Proton responded to IPO rumors: no specific plan has been launched C round financing.


Proton responded to IPO rumors: no specific plan has been launched C round financing.

Related news: IPO will win the $260 million investment of FAW Group this year.

Every intern reporter Pei Jianru is interviewed by journalist Zhao Cheng every time he practices Zhangbei.

On October 29, foreign media reported that Baiteng Motor CEO and co-founder Carsten Bretfield told German media Automobilwoche that the company may support its growth through IPO financing. At the same time, Carsten Bretfield also revealed that before the IPO, Baiteng will seek a new round of financing in the private market to start producing cars.

In this regard, "Daily Economic News" reporter the first time to Baiteng insiders to verify, the other side said: "Baiteng has started a C round of financing, the relevant progress is smooth. We do not have a concrete listing plan at present. As a start-up, Baiteng will consider listing as a way to finance its long-term business. We will timely communicate with media friends about the progress of the financing.

As early as June 11th this year, proton Motor announced that the B round of financing was successfully completed. The main investors include China FAW Group, enlightened holding group, Ningde era, Jiangsu "one belt and one way" investment fund and so on. The total amount of financing is up to US $500 million. Among them, China FAW Group's investment amount is about 260 million US dollars.

Subsequently, FAW Xiali announced that the company signed an agreement with Nanjing Zhixing Electric Vehicle Co., Ltd. (hereinafter referred to as Nanjing Zhixing) on September 27 to transfer 100% of the equity of its wholly-owned subsidiary, Tianjin FAW Huali Automobile Co., Ltd. to Nanjing Zhixing at a transfer price of 1 yuan. Nanjing Zhixing New Energy Automobile Technology Development Co., Ltd., the major shareholder of Nanjing Zhixing, is Baiteng Automobile, a new power car-making enterprise. After the completion of this acquisition, the proton will receive the production qualification.

At the same time, the construction of the Nanjing plant is advancing rapidly. It is understood that Baiteng's first mass production model of pre-production will be realized in the first half of 2019, and will be officially listed in the fourth quarter of next year.


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