"We want to be a global tech transportation company." This is the most popular phrase among traditional car companies in recent years.

       Faw is saying, SAIC is saying, Changan is saying. Even Beijing Auto ArcFox, which has just launched a new product, and Dongfeng, which has built a brand new "LAN Tu", even compared themselves to "new power of car building", in order to try to be as related to "technology" and "future" as possible.

        Whether all these traditional carmakers will succeed in the end is an open question, but the rhetoric suggests that at least each is firm.

        And if one is to choose the most determined of these, it must be jinx. Than most, after all, still can't see the result of "oral oath", its direct use "listed" the kechuang board action, show that the positioning for the future, become the main forefront of world science and technology, economy and adapt to the need of the national major, major service in accord with national strategy, break through the key core technology, the market acceptance of scientific and technological innovation in the enterprise.

        On the face of it, though, this is a bit of a breach. Want to know, as the independent board just opened last year, before the leading role of science and technology innovation board has been small and medium-sized enterprises. And in those with technical personnel as the main body, the total assets of less than 200 million yuan, before the company of geely automobile market is now more than hk $150 billion, more like a slightly awkward, obviously, no matter the quantity or the enterprise internal structure point of view, as if it is not people imagination standard in the sense of science and technology innovation enterprise.

        Then, what did Geely, which returned to the A-share technology innovation board after A gap of 13 years, rely on to convince the country and the market? And the first vehicle enterprise listed on kechuang Board, why is it Geely?

28 days behind the lightning Flash

         Without a piece of paper, it would be hard to believe that Geely took just 28 days to go through a process that would theoretically take about three months from its IPO application being accepted on September 1 to its IPO meeting on September 28. The reason for this speed is that, in addition to the well-known halo of the word "Geely" itself, it more importantly reflects the recognition of the scientific and technological "core" by the national regulators.

        However, it is not hard to find a query, back in the beginning, the rigorous regulatory layer is also suspicious. On September 6, five days after Geely formally filed its prospectus, the Shanghai Stock Exchange sent out its first round of inquiries about the company, and one of the key points was about its core technology.

       Whether Geely's technological prowess will sustain it as a "technology company" is a question not only for the Shanghai Stock Exchange but also for many consumers.

        Ten days later, it was clear from the response to the inquiry disclosed by Geely that today Geely has mastered a number of key core technologies in the areas of chassis, powertrain, energy efficiency, new energy vehicles, and intelligent driving. Especially in the "electric, intelligent, networking and sharing" aspect, is the first to carry out business and technology transformation, become the pioneer of the industry.

        For example, in the field of pure electric systems, Geely's self-developed second-generation pure electric system technology USES a three-in-one electric drive assembly, charging assembly and highly integrated high-density power battery, with a range of 300-707km and a zero hundred acceleration of up to 3.9s at the fastest.

       In terms of power batteries, Geely has also mastered relevant technologies such as battery packs, battery management system and battery thermal management, and is able to achieve lightweight, high energy density, high safety, high maintainability and optimal cost performance through the integrated design of power battery pack structure, modules, liquid cooling and energy management system. At the same time, Geely's original patented technology of side liquid cooling and stacked module integration improves its cooling efficiency and lightweight effect while improving the volume utilization ratio of the battery pack. The energy density and safety performance of the battery pack ranks among the top in the world.

         At the same time, Geely has also developed its own battery management system, which is independently developed from the hardware, the bottom layer, the application layer and the algorithm, to meet the requirements of GEEA2.0 platform Autosar architecture and ASIL C functional safety level, and achieve full compatibility of different power system platforms including EV1.0/2.0, PHEV1.0/2.0 and HEV1.0/2.0.

      Geely's positive development in the field of electronic and electrical architecture has also achieved quite remarkable results. The platform is equipped with highly developed neural network and supports a variety of bus transmission technologies. Flexray is used as the backbone network to ensure high-speed and safe communication. Its speed is 20 times that of high-speed CAN bus.

        Under such an infrastructure, through the integration of vehicle and cloud, the vehicle can support the continuous upgrade and update of fixed parts and software, so as to solve product defects and reduce potential recall losses.

        In addition, geely also has the most extensive layout among traditional Chinese auto companies in terms of autonomous driving research and development. In 2018, the company has been the first to launch an auxiliary driving vehicle equipped with L2 level. In May 2019, the crawler, an autonomous valet parking system, was first released in the industry, and its L3-level autonomous driving technology under development will be installed in its models in early 2021. In addition, during the 2022 Asian Games in Hangzhou, the advanced automatic driving system independently developed by the company will provide intelligent travel services in the core areas.

       In addition to the common bicycle intelligence, Geely also has research and development in V2X-BOX. Geely's self-developed V2X-Box hardware system can support the security function of the protocol stack, and form a self-developed software platform to support the design and development of application algorithms.

        It is reported that by the end of the second quarter of this year, Geely has licensed 9,332 patents, including 91 overseas patents. By June 30, the company had won 36 scientific and technological awards, including the second prize of State Technological Invention Award and the first prize of China Automobile Industry Science and Technology Progress Award. It undertakes 9 national and provincial r&d projects, including 4 major national science and technology projects.

      In terms of the company's internal structure, Geely has more than 9,079 r&d personnel, and under the guidance of the advanced R&D system, it continues to introduce outstanding R&D talents from all over the world to continuously achieve technological innovation and increase technology reserves.

A mutual need listing

      Despite nearly 10,000 patents in front of it, Geely still faces the dilemma that all traditional car companies cannot avoid: no matter how it is explained and proved, few people are willing to believe its pace and determination to turn around.

      Even after the launch of the Lynk & Co and geometry, which gave good market feedback, the idea of a good car was seen as having little to do with "technology companies".

       Therefore, at this time, Geely needs a label and symbol to let the market know how firm it is on the road of transformation. Just as GM was determined to co-operate with Mr Nicola after learning of his alleged fraud, it will need the latter to prove its case.

       Therefore, choosing to go public on kechuang Board is the best way for Geely at present. In the inquiry letter of The Shanghai Stock Exchange, there is also such a question, explaining the development prospects of the new energy vehicles sector and the company's strategic positioning of the sector. It is not difficult to see that this is also the question put forward by the Municipal Party Committee instead of the majority of consumers.

      And Once again, Geely's answer is the best proof. Geely believes that the automotive industry has become an important area for the next rapid technological iteration, and geely, which is in the midst of this, has the attributes of a high-end equipment manufacturing industry. At the same time, after years of development, the company has formed "efficient fuel power" and "diversified new energy" two parallel energy conservation and emission reduction routes, and in the relevant frontier technology field is still in the layout.

      Therefore, Geely is qualified to be defined as a technology company both in terms of the industry environment and its own development. Once the 20 billion yuan of financing is secured, Geely will also spend 11 billion yuan on new model products and prospective technology research and development, which can again prove the proportion of its investment in independent research and development.

      In addition, according to the analysis of securities experts, geely, as the first vehicle enterprise in the industry to land on the KEChuang Board, on the one hand means that Geely is transforming into A technology company; on the other hand, it adds financing channels in A-share market, which can enjoy A higher valuation premium compared with H-share market and reduce the equity dilution of existing shareholders. According to the market trend, The valuation of Volvo is roughly within the range of 38.4-62.6 billion yuan. After the finalization of the Ketron financing, Geely will have enough cash to complete the acquisition of Volvo. Once the acquisition is completed, Geely, which reduces related party transactions within the group, can also be further improved in terms of operational efficiency, product development, and vehicle exports.

      Geely needs to be listed on the KEChuang Board, and similarly, the Kechuang Board also needs a leading enterprise like Geely.

      In June 2019, in "the measures for the administration of material assets reorganization of listed companies for revision opinion, renmin university of China, said zhao xijun, finance and securities research institute, director of the joint chiefs of staff this revision will make the function of capital market restructuring to adapt to the new changes, let more high quality resources into the market, to improve the efficiency of capital market in the allocation of resources, promote the development of high quality. And it is under the guidance of such ideas that science and innovation board can appear.

       In other words, to attract more high-quality enterprises to stay in the domestic capital market is the original intention of the state to set up the science and innovation board. As the leader of China's own auto brands, Geely is definitely the best choice for high-quality enterprises.

       Sales speak for themselves. In August, Geely Auto sold 113,000 units, up 8% month-on-month and 12% year-over-year; From January to August, Geely closely followed SAIC Gm with a total sales volume of 749,100 vehicles, and ranked the fourth place by a narrow margin. If that continues, Geely may soon be among the top three in China, too.

      Therefore, for the current situation of good and bad enterprises in the science and innovation board, attracting such a leader as Geely, also has the role of boosting the market. It can be seen that behind the 28 days of "Lightning Bolt" is not only Geely's demand for its own positioning and transformation, but also its higher expectations from the national level.