AutoBeta(AutoBeta.net)11/14 Report--

On November 4, the latest sales figures showed that a total of 2625 cars were delivered in October, an increase of 25 per cent from the previous month and 61 per cent from a year earlier. Among them, the delivery volume of the ES6 in October was 2220, with a total of 6829 from January to October, while that of the ES8 was 306, an increase of 4 per cent from the previous month. As of October this year, a total of 14867 cars have been delivered by Xilai.

On the day of the announcement of sales, shares of Xilai rose 4.83% to $1.52 in pre-market trading.

However, in the grim environment of the car market, it is the news of other aspects of Lulai that is more likely to attract attention than the growth of sales.

Yesterday alone, three things happened to Lulai Motors. First, Beijing-registered Lulai Technology Co., Ltd. was listed as abnormal in operation, second, Lulai Motor sued self-media, and finally, Lulai Motors hired China International Capital Corporation analyst as CFO.

On November 13, according to the national enterprise credit information publicity system, because "the registered domicile or place of business could not be contacted," Lulai Automotive Technology Co., Ltd., a subsidiary of Lulai, was listed on the list of business anomalies by the Beijing Economic and technological Development Zone Branch of the Beijing Municipal Market Supervision and Administration.

Subsequently, Xilai responded on its official account that "in July 2019, Lulai Automotive Technology Co., Ltd., a wholly-owned subsidiary registered in the Beijing Economic Development Zone, is not yet in operation." At present, everything is normal in NIO. "

It is understood that the Lai Automotive Technology Company was founded on July 23, 2019. Some netizens commented that the company was a new company set up in cooperation with Yizhuang Guotou, but the new company currently has no suitable place to build a factory. In fact, it is also a shell company, and it is normal to be listed in the list of abnormal experiences.

It is understood that in May this year, NIO announced the signing of a framework agreement with Yizhuang Guotou. Yizhuang Guotou will invest 10 billion yuan in Yilai Automobile, while Yizhuang will build a new factory in Beijing Economic Development Zone to produce second-generation platform models. Subsequently, Xilai Automobile registered with Lulai Automotive Technology Co., Ltd. in Beijing Economic Development Zone. However, as of the release of the news, there has been no relevant progress in the cooperation between Yizhuang State Investment Co., Ltd.

On the same day, NIO Automobile also posted on its official WeChat that "Wechat self-media Liu Yue" released an article entitled "NIO is discussing bankruptcy liquidation with a number of law firms." the article was pure rumor-mongering, misleading the public and seriously interfered with the normal operation of NIO. NIO has initiated the necessary legal proceedings. "

Qin Lihong, co-founder of Xilai Motor, also said that "it is a pure rumor, so don't believe it."

In addition, some media also reported that Xilai Automobile will hire China International Capital Corporation industry analyst Beng Wei as the next CFO, which will take up his post as early as next week. According to public data, Fengwei once served as an analyst, deputy general manager and general manager of China International Capital Corporation's research section, and has a long-term understanding and research of NIO.

On October 28th, Xilai announced on its website that Mr. Xie Dongzhong, Chief Financial Officer (CFO), submitted his resignation as CFO for personal reasons, effective October 30th, 2019.

In response to the online rumor that "NIO Automobile will hire an industry analyst of CICC as CFO", Xilai Automobile also responded: "at present, the new CFO personnel have not been confirmed, and once confirmed, an announcement will be issued on the official website."

In the downward environment of the car market, in the coming "troubled times", Wei, who has been repeatedly vilified by rumors, seems to be very passive. According to statistics, Lai Motor lost more than 23 billion yuan from 2016 to the second quarter of 2019.

However, in view of the current market environment, other car companies are also having a hard time. Car sales in October were 2.284 million, down 4 per cent from a year earlier, while cumulative car sales in the previous month were 20.652 million, down 9.7 per cent from a year earlier, according to the China Automobile Association.

In terms of new energy vehicles, sales were 75000, down 45.6% from a year earlier. In the first 10 months, sales of new energy vehicles totaled 947000, up 10.2% from a year earlier.

Chen Shihua, assistant secretary general of the China Automobile Association, said that according to the current development trend, the sales of new energy vehicles will show negative growth this year.

In 2019, there have been repeated twists and turns, internal high-level turbulence, continuous decline in stock prices, poor vehicle quality and continued losses in the company's net profit. Perhaps, there is really not much time left for NIO.

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