威马汽车“复活”计划：9月复产，两年后筹备IPO

Core Viewpoint - Xiangfei Automotive has taken over Weima's four companies and is working to resume production of the Weima EX5 and E5 models at the Wenzhou base, following a court-approved restructuring plan [2][3] Group 1: Company Overview - Weima Automotive, established in 2015, was one of the earliest new energy vehicle manufacturers in China, previously ranking second in industry deliveries in 2018 [3][4] - The company faced significant financial difficulties starting in 2021, with a net asset deficit of 20.5 billion yuan by the end of that year [4] - In 2022, Weima's sales dropped to 29,400 units, a year-on-year decline of approximately 30% [4] Group 2: Future Plans - The new Weima plans to launch over 10 new products from 2025 to 2030, covering various vehicle categories including sedans, SUVs, and MPVs [2][3] - Specific production goals include resuming production of the EX5/E5 models by September 2025, targeting annual sales of 10,000 units initially, with aspirations to reach 20,000 units [3] - By 2030, the company aims to achieve an annual production target of 1 million units and revenue of 120 billion yuan [3] Group 3: Market Strategy - New Weima will implement a diversified sales network in China, including stores, delivery/repair stations, community franchise stores, and partnerships with shareholders to ensure 100% sales network coverage [3] - The Wenzhou government is considering providing subsidies for Weima's production resumption, product development, and market promotion, as well as prioritizing the brand for local public procurement [3] Group 4: IPO Aspirations - Following its revival, Weima has set a new IPO target for 2027-2028 [5]