Abstract: since its inception in July 2015, 10 months, the total financing of the car and home has more than 2 billion 500 million yuan, valued at $3 billion. Compared with previous entrepreneurial experience, Li Xiang’s third venture to get a greater capital potential.
future, Wei, harmonious, excellent, intelligent car Futeng LETV car, car and home…… The new sports cars increasingly long list, behind every name represents a repairer and overweeningly ambitious dream, so the "burning" of entrepreneurs and investment institutions.
most recent heat is the car and home.
May 3rd, as Li Xiang’s third venture, the car and home announced the acquisition of $780 million A round of financing. This round of financing by Leo shares lead investor, follow up the source capital, Wujin industrial fund, Changzhou Ming potential capital and other institutions. Huaxing capital acted as exclusive financial advisor in this financing.
at the same time, car and home production, product planning has surfaced.
car and home in Changzhou covers an area of 750 acres of all aluminum vehicle factory has started construction, for the production of vehicle battery standard plant will also be put into use during the year. The second half of 2017, the car and home will be launched for the purpose of 30 km radius of the city’s demand for pure electric vehicles SEV (Smart Electric Vehicle). In the second half of 2018, will be launched for the radius of 300 km travel needs of the program SUV.
since its inception in July 2015, 10 months, the total financing of the car and home has more than 2 billion 500 million yuan, valued at $3 billion. Compared with previous entrepreneurial experience, Li Xiang’s third venture to get a greater capital potential.
how did he do it?
Li Xiang accepted this interview:
"look for four pillars"
I didn’t go to work immediately after I left the house in July 1, 2015. I first set up the company’s water and electricity gas, that is, HR, finance, IT, legal system. After these things have been done, I began to put some of my ideas on paper, into the future strategic direction, including the mission and values of the enterprise, etc..
then, I did one thing in the third quarter of 2015, is a partner. (this is something I a person repairer) must be to do. I don’t need a subordinate, but a partner who acts as a pillar. We need four pillars to support the enterprise. I can sell my car, manage the consumer, and we need a pillar to develop the car from the beginning to the end, there are people who can be produced from start to finish, but also need to be responsible for dealing with the capital. So I need to find three other partners.
the way I look for people is two, one is a friend, one is I think who is good, I try to find him. The first found