Lantu Auto officially disclosed the capital increase information, and the equity financing project advanced steadily

On September 13, the information of Lantu Auto’s capital increase project was officially disclosed on the Shanghai United Equity Exchange. This capital increase is the first external equity financing since the establishment of Lantu Auto, which will further optimize the equity structure of Lantu Auto, stimulate the vitality of the enterprise market, and accelerate the reform process of the state-owned enterprise system and mechanism.

Before the capital increase, 89.66% of Lantu Automobile was held by the joint stock company of Dongfeng Automobile Group (referred to as "Dongfeng Group"), and 10.34% of the equity was held by Wuhan Waya Enterprise Management Consulting Partnership (Limited Partnership) (referred to as "Employee Stock Ownership Platform"). After this round of capital increase, it is expected that the equity held by Dongfeng Group will not be less than 77%, the total equity held by strategic investors will not be more than 15%, and the equity held by the employee stock ownership platform will not be less than 8%. The strategic investment obtained by Lantu this time will be used for Lantu Automobile’s core technology research and development, digital system construction, capacity construction and marketing investment.

As a high-end new energy vehicle brand built by Dongfeng Group, Lantu carries the dual mission of Dongfeng brand upward and new system and mechanism exploration. It is the pioneer of Dongfeng Group to promote the in-depth development of state-owned enterprise reform and promote the high-quality development of state-owned enterprises. In 2021, Lantu launched the Equity Incentive Plan for the core backbone of the enterprise, which realized the employee stock ownership incentive. In 2022, Lantu will adjust the management team on the one hand, improve the full-link personnel structure and management structure, and provide organizational guarantee for the follow-up development of Lantu. On the one hand, actively introduce social capital, build a more flexible market-oriented enterprise system, and help Lantu to rapidly improve its future competitiveness.

Since the launch of the Lantu brand two years ago, it has formed a unique core competitiveness with its product strength and technical advantages. In terms of products, Lantu has launched two high-end new energy vehicles, "Performance-level intelligent electric SUV" Lantu FREE and "Electric Luxury Flagship MPV" Lantu Dreamer. In terms of technology, Lantu has basically realized full-stack self-research, and independently created leading key core technologies such as native intelligent electric ESSA architecture, central centralized electronic and electrical SOA architecture, and 800V fast charging.

It’s not a good idea.

According to the sales data released by Lantu Automobile, the sales of Lantu new cars have maintained rapid growth for three consecutive months. In August 2022, Lantu delivered a total of 2,429 new cars, an increase of 495% year-on-year and an increase of 35% from July. After the launch of the "Electric Luxury Flagship MPV" Lantu Dreamer, it quickly won market recognition and consumer favor, and achieved 1,591 deliveries in August. Since the first delivery in August 2021, within one year, the Lantu brand has delivered a total of 17,891 vehicles to users across the country, and the average price of bicycles under the Lantu brand exceeded 370,000 yuan.

At present, Lantu has completed the layout of SUVs and MPVs within two years. At the Chengdu Auto Show on August 26, Lantu officially released the personalized customization ecology. "Lantu FREE DNA" was launched simultaneously as a personalized customized version of the performance-level intelligent electric SUV Lantu FREE. According to Lantu’s strategic plan of "one new car a year", Lantu will also launch a third sedan model by the end of this year.