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Nowadays, as an intelligent car, it needs to constantly push through the old and bring forth the new, and develop a technology core that is ahead of the industry in order to maintain its position, just like Tesla, a leader in the electric vehicle industry. A few days ago, Lvlai and Mobileye, a self-driving technology company owned by Intel, jointly announced a strategic partnership to build L4 self-driving models based on the second-generation vehicle platform. On the day of the news, Xilai shares closed up 36.84% at $2.34.

In fact, NIO already has a close cooperative relationship with Mobileye, and the ES8 is the first mass-produced model with Mobileye EyeQ4 chips in the world. For the in-depth cooperation between the two sides, NIO said that it will build a car with an autopilot system designed by Mobileye, which will be responsible for vehicle-level autopilot system development, integration and mass production.

China will become the launch area of the model and then expand to other global markets. It means that NIO will become one of the first brands in the world to achieve L4 self-driving on mass-produced models.

In addition, NIO will build a special version for Mobileye dedicated to intelligent travel services on the basis of self-driving mass production models, and Mobileye will purchase this version in bulk to achieve its strategic layout in the field of intelligent travel services.

As soon as the news came out, NIO's share price soared 36.84% to $2.34. After a series of losses, layoffs, spontaneous combustion, lack of financing and other news, the share price of Xilai remained depressed, falling as low as $1.19 a share.

Including the chief financial officer (CFO), Mr. Xie Dongzhong, submitted his resignation as the company's chief financial officer for personal reasons, which made NIO fall into crisis for a time.

Not only that, some investment bank analysts had cut NIO's target share price directly from $1.70 to $0.90. Us stocks stipulate that if the average share price of a listed company is less than $1 for 30 consecutive trading days, it will be delisted; if the situation does not improve within 90 days, it will be delisted.

October sales figures released by Xilai recently showed that October delivery reached 2526 units, a new high in 2019, up 25 per cent month-on-month and 61 per cent year-on-year. Among them, the ES6 delivered 2220 units in October and has delivered a total of 6829 units in the five months since it was delivered. ES8, its first SUV model, also delivered 306 units in October.

Sales have improved significantly in the three months from August to October after the ES8 recall in July, which is closely related to the start of delivery of its second new car, the ES6, which has brought new energy to the decline of Xilai.

According to the cumulative delivery volume of 14867 vehicles delivered in the first 10 months of this year, and 26215 units delivered by the whole brand since delivery began in June 2018, there is a big gap between the former and the latter and its previous annual sales target of 40-50, 000 vehicles.

With the announcement of the new news, it also gives NIO greater confidence, because the current situation seems to be a car company facing the risk of elimination, after all, it is still at a loss since its establishment. For NIO, whether it can hold on to the launch of new models is also related to how to solve the problem of financing.

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