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In 2019, there have been repeated twists and turns, frequent internal high-level changes, lower stock prices, vehicle quality problems, and persistent financial losses. today, the news that Lulai's company has been included in the list of operating anomalies spreads quickly. According to the national enterprise credit information publicity system, because "the registered domicile or place of business cannot be contacted", Lulai Automotive Technology Co., Ltd. has been listed in the list of business anomalies by the Beijing Economic and technological Development Zone Branch of the Beijing Municipal Market Supervision Administration.

According to industrial and commercial information, Li Bin is the legal representative of Lailai Automotive Technology Co., Ltd., with a registered capital of 7 billion yuan. Its business scope includes technology development, technical services, technology transfer and technical consultation of new energy vehicles and related parts; wholesale of auto parts; import and export of goods, import and export agents, technology import and export; sales of cars.

NIO Automotive Technology Co., Ltd. is a subsidiary of NIO, not the main body of operation, while the main body of operation of NIO is Shanghai NIO Automobile Co., Ltd.

Lai Automotive Technology was founded on July 23, 2019. It is reported that it is a joint venture between Lai Automobile and Beijing Yizhuang Investment to form a "NIO China" entity company. So far, no progress has been made in the cooperation between the two sides. However, the news has not been confirmed by NIO.

In May this year, NIO announced that it had received a strategic investment of 10 billion yuan from Beijing Yizhuang State Investment. According to sources, NIO signed a framework agreement with Beijing Yizhuang International Investment and Development Co., Ltd., which will set up a new entity "NIO China" in Beijing Economic and technological Development Zone, with Yizhuang State Investment contributing 10 billion yuan. Yizhuang State Investment will assist "NIO China" to build or introduce a third party to build an advanced manufacturing base in China to produce the company's second-generation platform models.

In October this year, there has been a 5 billion yuan investment in "Luoshengmen". Sources show that Lai Motor has negotiated a financing intention of more than 5 billion yuan with Wuxing District, Huzhou City, Zhejiang Province, and will set up a factory with an annual production capacity of 200000 vehicles in Wuxing District. The relevant staff of Wuxing District of Huzhou City responded that Wuxing District had previously held investment negotiations with Xilai Motor and reached an agreement of intention, but after assessment, it was considered that the investment risk was too high and the negotiations had stopped. Li Bin, chairman of NIO, also revealed that NIO is indeed in contact with many local governments.

In view of the abnormal operation, Xilai said today that the subsidiary has not yet been officially operated, and that everything is normal at present.

With the continuous coming of the storm, there have been frequent changes in the internal and high levels. Zhuang Li, vice president of automobile software development, left on June 30th; Zheng Xiancong, co-founder of Lulai Motor, officially left on August 15th and will continue to serve as Li Bin's personal adviser after retirement; on October 28th CFO Xie Dongzhong resigned as the company's chief financial officer for personal reasons. At the same time, a number of senior executives have been promoted within NIO.

Sales are higher, but profitability is difficult. On November 4th, sales figures released by NIO showed that NIO delivered 2526 new cars in October, an increase of 25% month-on-month and 61% year-on-year, of which ES6 accounted for 2220 and ES8 only 306. At the same time, data show that a total of 14867 new cars were delivered from January to October in 2019.

According to the financial report of Lulai Automobile, the operating income in the second quarter was 1.508 billion yuan, with a net loss of 3.285 billion yuan belonging to the shareholders of the listed company. Li Bin confirmed that NIO has actually lost about 22 billion yuan so far. In the face of market skepticism under the huge loss, Qin Lihong, co-founder and president of Xilai Automobile, also made a response that "We may not live in sunshine, but we will definitely not die."

After the news of financing, losses and the departure of senior executives, the stock price of Xilai can better reflect the development sentiment of the market towards it. Before November 5, Xilai's share price plummeted, peaking at $1.32 and on the verge of delisting. On November 5, Xilai will reach a strategic partnership with Mobileye, a self-driving technology company owned by Inter, to build L4-level self-driving models based on the second-generation vehicle platform, which will become one of the first brands in the world to achieve L4-level self-driving. Affected by the news, Xilai Motor rose more than 20% in the United States on the same day, and its share price went to $2.34. As of November 12, U. S. stocks closed, NIO shares closed at $1.94, losing $2 again.

When the article "Li Bin in NIO, the worst Man in 2019" spread on the Internet and many new car-building forces supported Li Bin, the market seemed to have some changes in its attitude. However, feelings are on the one hand, and the actual situation is on the other. How important the sustainable development model and profitability are to the new power of making cars, but there is still uncertainty about when Lulai will be able to achieve positive profit growth.

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