slotsofwinsnodepositbonus| An Conghui: IPO is a strategic consideration. Krypton wants to be a BBA in the pure electricity era

After successfully landing on the New York Stock Exchange, Polar Krypton will make greater strides in the layout iteration of globalization, products, ecology and so on.

"as a global brand, Polar Krypton needs to face the users, technology and capital of the global market." An Conghui, president of Geely holding Group and CEO of extreme Krypton Intelligent Technology, said in an interview with media reporters, including China Business Daily, that Polar Krypton IPO was a strategic consideration and the whole plan had been decided at the beginning of its establishment. "through strategic implementation, IPO can also further enhance the global governance of polar krypton, more transparent management, better participate in the global market competition, promote the internationalization of the whole polar krypton brand, and promote and enhance the global governance of the polar krypton brand."

Relevant data show that on May 10, Ji Krypton, a new car-building force that was founded only three years ago under Geely Holdings Group, successfully landed on the New York Stock Exchange, with a market capitalization of more than 50 billion yuan and an increase of nearly 35% on the first day of listing, setting a new IPO record for the new car-building force.

In this regard, polar krypton said that this is relying on Geely Holdings 37 years of development and accumulation of a solid industrial foundation and global advantage resources. "on this basis, polar krypton quickly constructed a complete pure electric intelligent science and technology ecosystem, and opened up the 'polar krypton mode' of the third track for pure electric development."

Advantages of "Geely system"

As the car electrification enters the second half, polar krypton, which has the advantage of "Geely system", aims at BBA in the era of pure electricity.

"Polar krypton wants to be the BBA of the pure electricity era." An Conghui said that this conclusion was made because polar krypton currently has advantages in terms of gross profit margin, new technology architecture, product development investment and marketing channel construction. "Polar Krypton has a long-term development in the future, so the company will invest in new technology architecture, product development and channels."

An Conghui uses Tesla as a comparison.SlotsofwinsnodepositbonusTesla's profitable sales are more than 1 million, and it is possible to make a profit with less than 1 million krypton. " An Conghui further said that the manufacturing capacity of polar krypton is shared with Geely Holdings. "the factory has invested a lot in the last 10 years, and in full accordance with the latest standards, with the cooperation of Geely Holdings Group, polar krypton can quickly improve capacity utilization and reduce costs."

The reporter noted that in addition to production capacity, in procurement, polar krypton also has advantages. "Polar Krypton is a joint procurement, Geely's vast structure shared by multiple brands." An Conghui said that in this context, the administrative scale effect appears, the price is different, and polar krypton has a cost advantage. "this is what other brands do not have."

At the same time, an Conghui also said that investors are also optimistic about the future development of polar krypton. "it is a consensus that investors think that China's new energy vehicle market is very big and the competition is fierce." Nevertheless, investors in polar krypton are optimistic about the strategy and future of polar krypton. "No matter how much you roll, there must be a winner in the end. Investors recognize the whole strategy for the future of polar krypton and have hope for the overall global development and expansion of polar krypton." An Conghui said

According to the relevant data of polar krypton, by the end of 2024, in addition to entering the luxury markets of eight European countries, polar krypton will also enter 50 countries and regions, including Southeast Asia, the Middle East, South America and Oceania, and the globalization strategy will be accelerated in an all-round way. By the end of April, Polar Krypton had built nearly 380 stores worldwide.

"the technology of extreme krypton products will definitely go out to sea. This year, the goal of polar krypton is to sell 230000 vehicles for the whole year, of which 30, 000 are overseas markets." An Conghui said that polar krypton products are already sold in the Netherlands and Sweden in Europe, and the European market for polar krypton will increase to eight in 2024. In addition, polar krypton has signed sales contracts with more than 50 countries before this year's Beijing auto show. "it is believed that there will be more than 50 emerging markets by the end of this year, which will have a good impact on the company's sales."

"three 800" is a moat.

In the face of the current price war in the domestic automobile market, polar krypton also chooses to build the vertical integration capability of the industrial chain and to establish an ecosystem, including charging and replenishing energy.

According to the data of the Federation of passengers, the domestic retail penetration rate of new energy vehicles in April this year is 43.Slotsofwinsnodepositbonus.7%, up 11% from 32% in the same period last year.Slotsofwinsnodepositbonus.7 percentage points. In April, the penetration rate of new energy vehicles in independent brands was 66.8%.SlotsofwinsnodepositbonusThe penetration rate of new energy vehicles in luxury cars is 22.6%.

In an Conghui's view, polar krypton in the current competition in the new energy vehicle market, in addition to globalization, but also to vertically integrate the industrial chain and create ecology.

The ability of vertical integration of industrial chain is composed of the competitiveness of products, technology and cost. An Conghui also said that with the extreme krypton strategy and the understanding of the future development of new energy, not only consider the product end, but also consider the user end. "in the new energy era, delivery is the beginning of a new process of user experience."

In this context, polar krypton has achieved "three 800s". "the 800-volt car, 800-volt power battery and 800-volt recharge network were promoted synchronously when the polar krypton brand was established three years ago. Today, winning the competitiveness of products and technology is not only based on the whole vehicle, but also on the formation of the vertical integration capability of the entire industrial chain, so these three 800s are representative. "

An Conghui further said that from the enterprise's large strategy, extreme krypton revolves around the industrial chain, ecology, globalization, and there are principles in terms of products, so today the polar krypton brand can form a certain degree of competitiveness. "as of today, there is no second company in the world that can build'3 800'. This is our moat and our core competitiveness."