AutoBeta(AutoBeta.net)03/15 Report--

The company reported a net loss of 9.639 billion yuan on a total revenue of 4.9512 billion yuan in 2018, which widened on March 6. In terms of sales volume, Xilai delivered a total of 11348 ES8 vehicles throughout the year. At the same time, Xilai announced that it had cancelled the plan to build its own factory in Jiading, Shanghai, signed in 2017, and that the products would continue to be manufactured by Jianghuai Automobile.

After NIO released its 2018 results, its share price plummeted, falling by more than 20% at one point. However, the house missed a lot of rain, and it was also subject to class action by law firms in the United States, which was accused of publishing misleading information. Investors do not know that the market demand for Xilai cars is falling sharply.

According to foreign media reports, the US law firm Kaplan Fox & Kilsheimer has filed a class action against NIO. Rosen, another law firm, is also preparing a class action lawsuit. The law firm Kaplan Fox & Kilsheimer claimed that the company violated the relevant provisions of the Securities Exchange Act of 1934 and the relevant rules issued by the Securities and Exchange Commission.

In January, NIO claimed that sales of its ES8 had increased significantly, with 11348 ES8 sold as of December 31, 2018, while the company's production and delivery had a solid growth in 2018, which proves the executive ability of NIO, and also said that there is strong demand for ES8 and ES6, which will be offline in the future. But what investors don't know is that demand for Xilai is falling sharply, which will have a negative impact on NIO's sales and revenue, and the company's direction is negative, Kaplan Fox & Kilsheimer said.

In addition, Rosen, an American law firm, is also investigating a potential securities claim on behalf of investors in Lulai Motors because of allegations that NIO released misleading business information to investors. Rosen is preparing a class action to make up for the losses suffered by NIO investors.

After Xilai released its 2018 earnings report, chief financial officer Xie Dongzhong also forecast revenue and sales in the first quarter of 2019. Delivery of the ES8 in the first quarter of 2019 may be 3500 to 3800 vehicles, a decrease of about 56.1% to 52.4% compared with the fourth quarter of 2018. In terms of revenue, total revenue is expected to be between 1.3909 billion yuan and 1.5157 billion yuan in the first quarter of 2019, a decrease of about 59.5% to 55.9% compared with the fourth quarter.

After Xilai announced its 2018 revenue and announced the cancellation of its plan to build a self-built plant in Shanghai Jiading, its share price plummeted, and then Guokai International Investment also issued an announcement. 4.6704 million shares of American depositary securities held by the company will be sold through the open market at a price of not less than $715 million per share based on market conditions at that time, accounting for about 0.44 per cent of the issued share capital of Xilai Motor. After the completion of the sale, CDI will no longer hold shares in Lulai Motor.

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