At present, Ranger has completed three rounds of round A, B and B+ rounds of financing. The accumulated financing scale has exceeded US$1.25 billion, and the overall valuation has reached US$3.35 billion. It is currently in the leading position of new vehicle manufacturers. Constantly financing and introducing talents, with the capital and technology in place, can the new forces of car construction be able to sit back and relax?
How is the development of the Ranger car?
On March 31 this year, Ranger Motor announced that the B-round financing amounted to RMB 5 billion, and was jointly invested by 12 institutions including Qianhai Wutong, China Environmental Protection Industry Co., Ltd. and Zhongchuang Ocean. Prior to this, the Ranger had completed the A round of 1.22 billion financing in October 2017, and the leading investors were Xinhua Silk Road Fund, Jingxing Tiancheng and other investment institutions. The cumulative financing of the three rounds of the A, B and B+ rounds exceeded US$1.25 billion, and the overall valuation reached US$3.35 billion.
Ranger Motor was founded in 2014. In July 2015, Ranger released the first four-door electric coupe - Ranger X. The car accelerates to 5.6s per 100km, and the battery uses Panasonic's 18650 ternary lithium battery. The 85kWh version has a cruising range of 460km, and the fast charge can provide 270km of battery life in half an hour. The 40kW and 60kW versions will be launched in mass production, with a range of 220km and 330km respectively. However, the Ranger's production car has not seen the echo, until the afternoon of March 31 this year, at the media communication meeting of the Ranger car, Chairman Wei Jun personally confirmed that its first production car will be officially released in the second half of this year.
In the construction of the production line, since last year, the Ranger has also started to build its own factory. In April 2017, the first factory of Ranger Auto officially settled in Huzhou City, Zhejiang Province. The production base is located in the northern part of Wuxing District, Huzhou City, south of Taihu Lake, covering an area of 2,600 acres. According to official information, the plant is planned to be a “1+5+1” layout, namely a mainframe factory with complete four major processes, five core supporting enterprises, and one R&D pilot testing center with a planned annual production capacity of 200,000 units. The production capacity can reach 100,000 units. In October 2017, the factory has officially started construction. It is expected to be completed by the end of this year, and will be put into mass production in the second quarter of 2019 to complete the delivery of the new car.
Speaking of the production version of Ranger's car, the Ranger X, before the start-up car enterprise to get billions of financing, and the car-making big hand and other eye-catching action, the Ranger car performance is flat! Since the factory built last year, The Ranger also seems to be returning to the public eye.
The Ranger car was once used as a negative textbook for PPT cars! After its founding in Shanghai in 2014, the original founder Huang Xiuyuan was not only a continuous entrepreneur, but also a Tesla admirer. He was 3 million angels in his early days. After the investment, it is used for the development of vehicle and vehicle systems. In 2015, Ranger's first product, Ranger X, has been publicly unveiled, and Tesla looks really like it. The founder Huang Xiuyuan did not shy away from saying that the Ranger car is imitating Tesla, to be the Chinese version of Tesla. At that time, China’s new energy auto market, the new power of building cars has not blossomed everywhere. I have to admit that the Ranger car at that time really took advantage of the many advantages of Tesla. At least when many companies still stayed in the concept of making cars, the Ranger had already made a real car.
However, the good times are not long. After a few months, in December 2015, the Ranger car reported that it was going to be a squad. In the end, Wei Jun, chairman of Xituo Industrial, who is welcoming a partner and focusing on industrial electrification, joined the Ranger with funds and team, and served as the chairman of the Ranger, directly responsible for the planning and layout of the future mass production of the Ranger. After a series of grand planning, the Ranger car began to make progress. This year, after completing the B round of financing of 5 billion, the super factory will be established. Now, the B+ round of financing will be completed again. With the gradual maturity of technology and the availability of funds, can the Ranger car be able to sit back and relax? What challenges are there?
With the technology and funds in place, the Ranger can sit back and relax?
At present, the super factory in the construction of the Ranger is completely designed and constructed for the pure electric vehicle production line platform. It adopts the full corridor transmission design consistent with the BMW factory, solar roof array distribution, wireless charging test runway, closed circuit water circulation system and power battery integration. Recycling and other technologies. In addition, the number of robots used by the Ranger Super Factory is 680. In the four major processes, the automation rate of stamping, welding and painting intelligent workshops can reach more than 95%.
The Ranger and the foreign chassis engineering company jointly completed the chassis development of the first production car. It is reported that Ranger has assembled nearly 500 suppliers, including Samsung, Bosch, China, LG, Mobileye, Panasonic, ZF, and Valeo. A series of car-prepared work, the Ranger car has been prepared almost the same, it is very different from the past.
However, with the new forces in the car, Xiaopeng Automobile's B-round financing has reached 6.2 billion yuan, and the accumulated financing has exceeded 10 billion yuan. In addition, Xiaopeng plans to raise 30 billion yuan by the end of 2019; Weilai Automobile is now also It is planned to go to the US to raise funds of 1.8 billion US dollars... Li Bin once said that building a car is a game of burning money. After the capitals have settled in, the money may not be able to do well.
Among the teams that are currently building new forces, there are a large number of companies that lack money and are not short of money. Each product has different product positioning and different talent reserves. From the current situation, the Ranger seems to have prepared for product trial production, production line construction, supply chain construction, financing, team, and government cooperation. As Wei Jun, chairman of Ranger Motors, said this year will be the year of the Ranger car outbreak! It is also the key year for other new forces to build cars!
However, because the Ranger car has not yet obtained the production qualification, and the production qualification needs to be applied simultaneously at the time of the product inspection cycle, the super factory can not be shut down at the current stage of the production qualification, and the completed factory construction is completed as scheduled. According to the plan to complete mass production, these have to wait for time to observe. Can you tear off the label of the PPT car and reshape the image in people's minds? The Ranger still faces great challenges!