Million electric luxury car catches fire after collision

　　A video of a Porsche car catching fire has sparked widespread attention on the Internet.

　　A video circulating on the Internet shows that a Porsche Taycan in Suzhou, Jiangsu, hit a guardrail and caused a fire. The fire spread, and people passing by wanted to rescue but could not open the door from the outside.

The Wuzhong Brigade of the Traffic Patrol Detachment of the Suzhou Public Security Bureau said that the cause of the accident is still under investigation.

　　In 2019, Porsche released its first pure electric sports car, the Taycan, which is the world's first model to support 800V high-voltage charging. It will be officially launched in China in April 2020.

At present, the domestic price of this model ranges from 898,000 to 1.838 million yuan.

　　For Porsche, the Taycan is an important model for its electrification. In 2021, the global delivery of the Taycan will be 41,296 units, accounting for 13.7% of the total sales; in the Chinese market, the Taycan will achieve sales of 7,315 units in 2021.

Million-dollar electric luxury car accident draws attention

　　A few days ago, multiple videos on the Internet showed that the Porsche electric car Taycan collided in a street near a shopping mall in Wuzhong District, Suzhou City, and the vehicle caught fire. Then the local police arrived and blocked the fire scene.

　　At present, the Wuzhong Brigade of the Traffic Patrol Detachment of the Suzhou Public Security Bureau said that the cause of the accident is still under investigation, and the results have not yet come out.

Porsche China responded that it was initially understood that the incident was caused by a traffic accident. The traffic police department has been involved in the investigation, and local Porsche dealers will also actively cooperate and assist in the investigation if required by the relevant departments; so far, there has been no information about the vehicle from the police. , no further details have been disclosed for the time being.

　　Previously, a number of luxury electric vehicles caught fire after collisions, arousing social concern.

　　According to media reports, on June 13, a Porsche sports car spontaneously ignited on Tongjing South Road in Suzhou, and the body was basically destroyed by fire.

On July 22, star Lin Zhiying drove a million-dollar Tesla Model X and caught fire after hitting the isolation belt while driving. The media reported that Lin Zhiying was injured.

On August 12, a Porsche new energy vehicle in Guangdong caught fire while driving, and the vehicle was finally scrapped.

　　It is reported that, as Porsche's first pure electric sports car, the Taycan will officially land in the Chinese market in 2020, and in 2021, it will win the sales championship of luxury electric vehicles of more than 500,000 yuan in the Chinese market.

According to public information, the Taycan has a cruising range of 430 to 538 kilometers and is powered by a ternary lithium battery.

　　It is worth noting that in this accident, the Porsche Taycan is suspected to be locked and cannot be opened from the outside.

At the end of July, the Lexus LM had an accident and all four doors could not be opened. At that time, why the doors did not automatically unlock after the Lexus LM collided became the focus of the industry.

　　Unlike the Lexus LM, the Porsche Tycan is an electric sports car. Why is it difficult to open the door after it collides and catches fire?

Zhang Xiang, a specially-appointed expert from the China Bolian Think Tank, told the Beijing News Shell Finance reporter that there are many reasons why the car door cannot be opened. First, the mechanical reason is that the impact force of the vehicle after the collision is very large, which may cause the deformation of the body, and the deformation of the door cannot be squeezed. Open; second, because of electrical components, most of the cars are electronically controlled door locks. After the collision, the signal may not be connected due to the disconnection of the wiring harness, and the electric control door lock may fail; third, the central control door lock control unit may be damaged after the collision Unable to open door.

　　In addition, some analysts say that, or because of the circuit design of the new energy vehicle, once the power battery is damaged after a collision, the whole vehicle is forcibly powered off, and the door cannot be unlocked in a locked state; or it may be designed with electric suction doors and hidden door handles. Related, after the vehicle hits, the circuit is damaged and cannot be ejected.

IPO valuation may reach 85 billion euros, fundraising is mainly used for electrification

　　A few days ago, it was reported that Norway's sovereign wealth fund will participate in the Porsche IPO being prepared by Volkswagen Group as anchor investors.

On September 5, the Volkswagen Group said that the Supervisory Board has agreed to Porsche's IPO plan, and the company intends to make Porsche listed at the end of September or early October.

In preparation for the listing, Porsche's shares have been divided into 50% common stock and 50% non-voting preferred stock.

　　It is worth mentioning that Porsche's IPO is known as the largest IPO in Europe. Porsche's valuation is about 70 billion euros to 85 billion euros; if Porsche's listing valuation reaches 85 billion euros, it is expected to be the largest IPO in German history, also in 1999. It is the largest IPO since the euro came out in 2010, and ranks fifth in the world's car companies by market capitalization.

　　Porsche has long been called the "profit cow" of the Volkswagen Group.

In 2021, Porsche's operating income is 33.1 billion euros, a year-on-year increase of 15%; sales profit is 5.3 billion euros, a year-on-year increase of 27%; the return on sales is 16.0%.

Hong Sheng, vice president and chief financial officer of Porsche China, said in an interview with Shell Finance reporter that Porsche has always maintained high profitability, with a return on sales of 15%.

　　Behind the independent IPO is the urgency of Porsche's electrification transformation.

According to Porsche's plan, the pure electric Macan will be officially launched in 2025, and the 718 series will also be fully electrified; by 2025, the sales of Porsche's new energy models will account for 50%; by 2030, the sales of new energy models will account for than 80%.

It is reported that the funds raised by Porsche IPO will be mainly used to support the electrification and autonomous driving transformation plans of Volkswagen and Porsche.

　　It is generally believed in the industry that in the current Chinese market, it has become the key to the electric transformation layout of car companies.

The Chinese market has been Porsche's largest single market in the world since 2015.

The financial report shows that Porsche will deliver nearly 96,000 units in the Chinese market in 2021, an increase of 8% year-on-year, of which 7,315 Taycans will be delivered, accounting for 18% of the total sales, which is equivalent to every 6 Taycans sold, one will come from China.

In April 2022, Porsche launched five pure electric models of the Taycan family in the Chinese market.

　　At present, Porsche's electrification transformation has not been smooth sailing; last year, the Porsche Taycan had five recalls, involving problems with the lock nut, the lower right trailing arm of the front axle, the electronic control software, and the double flashing lights. As a car brand, Porsche’s electrification transformation also faces internal constraints, transformation costs, technical challenges, industrial chain adjustments and other factors, which may bring unknowable impacts. There are many risks such as failure to go up and the investment cannot be fully recovered, and it is necessary to further deploy core technologies such as battery motors and intelligent software.”