Kaibo Easy Control Drive (Suzhou) Co., Ltd. signed a counseling agreement with China International Capital Corporation.
Editor’s note: This article is from WeChat public account “IPO knows early” (ID: Ipozaozhidao), by Uncle C.
According to the IPO, the Kaibo Easy Control (Suzhou) Co., Ltd. (hereinafter referred to as Kaibo Yikong) signed a counseling agreement with China International Capital Corporation. This is not the first time the company has sprinted to the IPO in the A-share market. At the beginning of the year, it started the preparation work for the GF Securities Counseling. However, in June, GF Securities announced the termination of the counseling for the control of Kaibo. The reason for the job disclosure is that the current company has adjusted the listing arrangements.
Kaibo Easy Controls is a new automotive energy and drive system provider dedicated to the development and application of cutting-edge technologies for pure and hybrid drive transmission systems. It is mainly used in trolley buses, oil trams, and large Hybrid drive systems for trucks, new energy buses, etc.
The company’s major shareholder is Hao Qingjun, with a shareholding ratio of 82.13%. The company was established in 2015. It has five subsidiaries scattered throughout the country and has no public equity financing history. However, the business scope of Kaibo Yikong has undergone a small-scale expansion. Specifically, it has increased the assembly business based on the research and development of hybrid systems, and the product coverage dimension has increased the automatic transmission at the end of 2015. class.
Uncle C learned that the so-called automotive transmission system includes a clutch, a transmission, a drive shaft, a final drive, a differential and a half shaft. Among them, the transmission and its control technology are an important part of the development of automotive transmission systems, and also one of the key areas of automotive technology research and development. In this key component and technology reserve, Kaibo Yikong has reliable performance and leading technology. Industry reputation.
According to industry statistics, there are about 200+ related companies in the automotive transmission system industry, covering six key industrial chains: clutch, transmission, universal joint, main reducer, differential and half shaft. The gaps in the relevant market products of independent brands are huge, and the absolute gap of automatic transmissions reaches 2.6 million units/year. In 2020, 2025, and 2030, the overall demand for automatic transmissions in China will reach 16.5 million units, 21 million units, and 24.7 million units respectively.
C Uncle has sorted out its main business lines and business models on the official website: 1. The dual-source trackless overall solution, the technology is derived from Europe’s advanced power electronics technology and control technology, through the collection of grid voltage information, vehicle location Information, battery power information and motor power information, using the cloud server to calculate, analyze and command DC/DC converters, deploying the online segment of the vehicle to solve the collective armpit phenomenon; 2. High-end hybrid system; 3. Commercial Vehicle Hybrid System: The fuel economy of the system reaches 65%, which meets the current highest subsidy factor in the new energy vehicle industry. The infinitely variable speed makes the system more responsive, and the driver can obtain more comfortable performance.
Among them, the Kaibo Yikong ecvt hybrid system has a high market attention. With the announcement of the Ministry of Industry and Information Technology to put the fuel truck lock-up schedule on the agenda, and the introduction of parallel double-point policy, new energy vehicles have become the focus of the industry, and electricization and intelligence have become the overall development trend of the automotive industry. The ecvt system controlled by Kaibo is suitable for 12-18m passenger cars and 16-25 ton trucks. The innovative solution of ecvt hybrid system represents the most advanced new energy commercial vehicle transmission and drive technology trends in China. The development aspect is exemplary, and there is also a small market demand space.
In addition, the company has achieved full intelligence in intelligent energy management, vehicle networking, and security warnings, such as the innovative iPMS intelligent energy management strategy, which can effectively improve vehicle operation efficiency. The product was first used in Shenyang Metro Bus Company, and the new car DD6109EV10 was loaded with Kaibo Easy Control Motor parts.
The development and manufacture of advanced automotive power systems is the most complex, difficult and critical part of automotive technology, so there is a big threshold in terms of technical strength. According to the database of the company, it was found that Kaibo Easy Control has 15 invention patents, 30 utility model patents, and more than 50 shared patents and patent applications. In terms of talent reserve and R&D strength, Kaibo Yikong is also good at mining talents from the campus. In the strategic cooperation agreement signed with Beihang in Suzhou, it is announced that the two parties will not only jointly build a new energy vehicle drive technology joint laboratory, but also promote new energy commercial vehicles. The integration of production, education and research in the field of drive systems accelerates the transformation of scientific and technological achievements, cultivates talents in the automotive industry and enhances the development level of China’s new energy vehicle drive and transmission components.
Conclusion
In the post-subsidy era, the hybrid system will usher in new development opportunities, and the quality of the transmission technology will determine success or failure. The market advantage of Kaibo Easy Control is that it can solve the pain points of the products in the market at present, and also has its own initiative in economy, power and comfort. It is understood that the company is also establishing a global technology innovation center and domestic in Europe. Share technology and explore innovative solutions to further meet the demand for electric drive products in the new energy commercial vehicle market.
It is undeniable that due to the late start of China’s auto industry, key product technologies are still in the hands of a few foreign parts suppliers, especially in the gearbox technology, the relevant technical basis of domestic manufacturers is relatively weak. As for the company’s ability to stay on the road and how to go public? We are waiting for further disclosure of the company after the coaching.