In recent years, the world has developed rapidly in electric vehicles, AI and other fields. China's domestic demand market and the policy of attracting scientific and technological development talents have caused many newly-created electric vehicle dealers to emerge like mushrooms after a rain in China. With the rapid increase in sales, they have begun to gradually extend to overseas markets.
pictures | Ideal Auto
pictures source: Science and Technology News
China Institute of Information and Communications data shows that as of now, there are more than 23,000 artificial intelligence companies in the world and nearly 4,000 Chinese companies. Artificial intelligence companies are accelerating their growth and listing. The scale of financing increased significantly in 2021. The scale of financing in the first eight months of 2022 is still at a relatively high level. Among them, the investment and financing amount in the human-computer interaction field, increased by 32% year-on-year compared with .Comparison between Chinese and American unicorn companies
Picture source: Sohu
According to the "2022 Mid-Global Unicorn List", compared with unicorns in China and the United States, the top three industries with the most unicorns in China are health technology, artificial intelligence, e-commerce and semiconductors, and the top three industries with the most unicorns in the United States are software services, financial technology and health technology. In half a year, the United States added 138 unicorns to a total of 625; China added 11 to 312. There are 375 unicorns in other countries in the world. The total value of American unicorn companies is 12.4 trillion yuan, and the total value of Chinese unicorn companies is 8.5 trillion yuan.
from the perspective of the city, the number of unicorn companies in San Francisco and Beijing account for about the same proportion of their respective countries. In the United States, New York is the fastest growing city for unicorn companies, and in China, Guangzhou is the fastest growing city, followed by Chengdu. The most unicorn companies in other countries in London and Bangalore were followed by Berlin and Paris.
Picture | Comparison of Chinese and American unicorns
Picture source: Hurun Research Institute
On the other hand, from the perspective of industry, the top three industries with the most unicorns in the United States are software services, financial technology and health technology, while the top three industries with the most unicorns in China are health technology, artificial intelligence, e-commerce and semiconductors. Half of the unicorns in other countries in the world come from the fintech, e-commerce, blockchain and software services industries.
pictures | Comparison of unicorns in China and the United States
pictures source: Hurun Research Institute
Pony Intelligence was established in Silicon Valley, USA at the end of 2016, bringing revolutionary development to future transportation and travel services through artificial intelligence technology. The team is based on technology and application-oriented, and is deployed simultaneously in China and the United States to implement autonomous driving technology. It also set up R&D centers in Guangzhou, Beijing and Shanghai, and obtained autonomous driving test, operation qualifications and licenses in many places in China and the United States. With the latest breakthrough in the field of artificial intelligence technology, it has established cooperation with Toyota , Hyundai, FAW , GAC and other car manufacturers.
Wenyuanzhixing was founded in 2017. Its global headquarters is located in Guangzhou. It has branches in Beijing, Shanghai, Shenzhen, Zhengzhou, Nanjing, Wuhan, Anqing and San Francisco, China. It has rich practical experience at home and abroad in technology research and development, commercialization and enterprise management. Wen Yuan Zhixing is the world's leading L4-level autonomous driving technology company. It has carried out autonomous driving research and development, testing and operations in 23 cities around the world. Wenyuan Zhixing is committed to developing safe and reliable unmanned driving technology, and its commercial application scenarios cover smart travel, smart freight and smart sanitation. Wenyuan Zhixing’s autonomous driving technology and commercialization process rank in the world and has entered the stage of commercial operation of autonomous driving, forming autonomous taxis, autonomous minibus, autonomous freight vehicles, autonomous driving sanitation vehicle , etc.
Grammarly is a Ukrainian technology company based in the United States that provides digital writing aids based on artificial intelligence and natural language processing. Grammarly founders Max Lytvyn and Alex Shevchenko were born in Ukraine. The reason for starting a business at that time was that the two founders discovered that many non-native English students often plagiarized when writing papers. So they teamed up to develop an app called MyDropbox to help students and schools check for academic paper plagiarism.
pictures | The youngest unicorn
pictures source: Hurun Research Institute
However, looking at the youngest unicorns on the list this year, it has been established with three Chinese unicorns for less than 2 years: Geely newly established pure electric car brand Zeikr (valuation of 60 billion yuan), and electric car brand Luo Ke Intelligent (valuation of 13.5 billion yuan), founded by the founder of Stone Technology .Luo Ke Intelligent was established in Shanghai in 2021. Currently, the number of employees exceeds 400. Luo Ke Intelligent is a senior practitioner of car companies and the Internet. Have rich experience in the automotive and Internet industry. Good at integrating industrial resources and insight into the essential needs of users. It not only has strong engineering execution and exploration spirit, but also pursues the ultimate product details and user experience.
Geely Auto is a brand under Geely Auto Group. Geely Automobile Group Co., Ltd. is affiliated to Zhejiang Geely Holding Group , headquartered in Hangzhou, Zhejiang, China. It has built automobile complete vehicle and powertrain manufacturing bases in Taizhou/ Ningbo , Hunan Xiangtan, Sichuan Chengdu, Shaanxi Baoji, Shanxi Jinzhong, and other places, and has overseas factories in Belarus and other countries and regions. Geely Automobile Group is a leading automaker in China and is determined to become the most competitive and respected Chinese auto brand.
Domestic support policies for new energy vehicle industry are constantly increasing, and the overall strength of the new energy vehicle industry is constantly improving. Whether it is product appearance, quality, R&D, and production capacity, it can meet the global diversified market needs. The high growth in China's new energy vehicle exports is an inevitable result of the years of accumulation of industries.
Chinese electric vehicle companies enter the European market
Picture | BYD
Picture source: People's Daily
After a long period of time, China's automobile industry has achieved leaps and bounds, and automobile products have gradually shifted from import to overseas. Electric vehicle technology is in a leading position in the world. Chinese electric vehicle brands such as BYD , Ideal, NIO , Xiaopeng , etc. have all made plans with overseas plans.
In recent years, while BYD has firmly taken the lead in the domestic new energy vehicle market, it is also actively developing overseas markets. BYD's electric buses and electric taxis can be seen in many places around the world, and its sales network covers Southeast Asia, Europe, America and other places. It is reported that BYD announced in August that it will cooperate with Heding Group, Swedish car dealer. Heding Group will distribute and sell BYD's electric vehicles in the Swedish and German markets and provide after-sales service. Sales will begin in October 2022 and are expected to deliver the first vehicles in the fourth quarter of 2022. Earlier in early July, BYD also reached an agreement with the Dutch car dealer Lauman Group to sell its electric vehicles in the Netherlands.
This is not the first time that Chinese electric vehicle companies have entered the European market. In recent years, Chinese electric vehicle brands including NIO and Xiaopeng, which are new electric vehicle forces, as well as MG, FAW's Hongqi , etc., have entered the European market one after another. However, the overall performance of Chinese electric vehicle companies in the European market is still in a calm state. Among the top 20 European electric vehicle sales in the first half of 2022, no Chinese automaker brands appeared. How to gain a place in Europe, the most competitive market in the world with the most fierce competition in automobile production and sales is a challenge that Chinese electric car companies need to face.
is aimed at the innovative development of new energy in China. According to the current domestic automobile brands that go overseas, BYD, Xiaopeng Motors , Ideal Auto, and NIO Motors are all moving towards overseas plans. In response to the innovative development of domestic new energy, according to the current domestic automobile brands that are overseas, BYD, Xiaopeng Motors, Ideal Automobile and NIO have entered the European market.
BYD was founded in 1995. After more than 20 years of rapid development, it has established more than 30 industrial parks around the world, realizing the strategic layout of six continents around the world.BYD's business layout covers electronics, automobiles, new energy and rail transit, and plays a vital role in these areas. From energy acquisition, storage, and then to application, it builds a comprehensive zero-emission new energy solution. BYD is a listed company in Hong Kong and Shenzhen, with a turnover and total market value of more than 100 billion yuan.
Xiaopeng Motors was founded in 2014 and is a technology company focusing on future travel. We have always adhered to saturated R&D investment and built the core capabilities of full-stack self-development. Today, Xiaopeng Motors has become one of China's leading smart electric vehicle companies. In addition, Xiaopeng Motors is one of the leading brands in overseas markets in the new car manufacturing force, and has opened direct stores in Sweden, the Netherlands and Denmark in Europe. In March this year, Xiaopeng Motors announced that it had become a member of the European Electric Mobility Association, the Dutch Automobile Industry Association, the Swedish Automobile Industry Association, and the three major European automobile associations. Three models of G3, P7 and P5 have been launched in overseas markets.
Ideal Auto was established in July 2015. It is a Chinese new energy vehicle manufacturer. It designs, develops, manufactures and sells luxury smart electric vehicles. Through product innovation and technology research and development, it provides safe and convenient products and services to home users. Li Xiang is a famous serial entrepreneur in China. He once founded the world's most visited automotive website Autohome . On July 30, 2020, Ideal Auto was officially listed on the Nasdaq securities market in the United States.
NIO is a global smart electric vehicle company established in November 2014, mainly selling high-end smart electric vehicles in China. NIO's main products include NIO ES6, NIO ES8, NIO EC6, etc. In September 2018, NIO was listed on New York Stock Exchange .
In addition, it is reported that NIO announced at a European press conference on October 8, 2022 that it will launch three new cars including ET7 in the four markets of Germany, the Netherlands, Denmark and Sweden, all built on the NT2 platform. Like the Norwegian market, NIO will continue to build a complete operating system composed of cars, services, digitalization and lifestyles in these four national markets, and create a user lifestyle community starting from cars. In the European market, NIO attaches great importance to the construction of home appliance service system. In order to effectively promote the localized production of European home appliance service system, on September 16 this year, NIO Energy's European factory invested and built by Hungary held its first battery swap station off the line. The person in charge of NIO introduced: "This is the first factory built by NIO overseas, covering an area of about 10,000 square meters. It is also the European manufacturing center, service center and R&D center of NIO's power-up products. The operation of this factory will continue to improve the efficiency of NIO's energy layout and service in the European market, and bring a better car experience to European users."MG Automobile is a British automobile brand, founded by Cecil Kimber in the 1920s, and M.G. Automobile Co., Ltd. is a British sports car manufacturer, making the brand famous all over the world. The most famous is its open two-seater sports car, MG also produces RV and 2-door sports car , with an engine size of no more than 3 liters. The brand has been acquired and held by China Shanghai Automobile Group Co., Ltd. since 2007.
FAW Auto is China First Auto Group Co., Ltd. predecessor was China First Automobile Manufacturing Factory established in 1953. It is headquartered in Changchun City, Jilin Province. It is one of the most powerful automobile companies in the Chinese automobile industry. Business areas include automobile research and development, production, sales, logistics, services, automobile parts, financial services, automobile insurance, mobile travel, etc. China FAW Group directly operates the Hongqi brand, and also owns brands such as FAW Jiefang and FAW Pentium.
The investment institution behind the unicorn
Picture | Xiaopeng Motors
Picture source: Money Dj
The investment institution behind the unicorn is extremely important to the entrepreneurial ecology, not only because they can understand the future development trends, but also their incubation of these potential unicorns is also of great value, and in the end they can help unicorns become a top 500 companies.
According to the "Mid-2022 Hurun Global Venture Capital Institution", Sequoia China is still the investment institution that captures the largest number of unicorns in China. It is worth noting that Sequoia China is also present in Xidi Zhijia and Yunbao Intelligence.
Xidi Intelligent Driving, guided by the innovative and application of intelligent driving technology, is committed to creating intelligent driving commercial vehicles and related technology products that can be implemented. At the same time, it has the qualification to operate a professional intelligent car R&D center and the most complex intelligent driving test area in China. It is an enterprise that has obtained the intelligent connected car open road test license issued by the state.
Cloud Leopard Intelligence is a semiconductor company focusing on cloud computing and data center data processor chips and solutions. Founded by Dr. Xiao Qiyang and industry elites. The core team comes from Broadcom, Intel, Arm, Huawei HiSilicon, Alibaba , etc., aiming to become a high-tech company that leads the cutting-edge technologies of data centers and cloud computing and establishes the industry standard of "software-defined chips".
Today, artificial intelligence has been elevated to a national strategy and has been written into the government work report for many years. Thanks to the continuous growth of the society and economy, the strong driving force of policies and capital, and the continuous precipitation of innovative forces, the AI industry is booming and has nurtured thousands of artificial intelligence-related companies. The number of growth AI companies accounts for 90%, which is an important driving force for the development of artificial intelligence technology, application innovation and industrial integration.
Source: Science and Technology News, Baidu Encyclopedia, Pony Smart News, NetEase, BYD, Xiaopeng Motors, Global Network, Sequoia, People's Daily
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