AutoBeta(AutoBeta.net)11/21 Report--

At the end of October, an article entitled "NIO Li Bin, the worst person in 2019" was widely retweeted on the Internet, attracting a lot of attention from netizens.

On November 20, Li Bin, founder of Xilai Automobile, delivered a speech entitled "Future Travel and changes in the Global Industry" at the 2029 China Automobile Industry Forum. Li Bin also responded to the content of the article. "Xilai Automobile has been labeled as a new force in car building," he said. "in fact, Xilai Automobile is the company with the largest number of cars and the first to deliver cars, and is currently the company with the largest traffic."

Since the subsidy of new energy vehicles has declined, the sales of new energy vehicles have decreased significantly due to the increase in the cost of cars. The Federation believes that the economic situation in November is still complex and grim, and it is difficult to expect a significant rebound in the overall scale of retail sales in the car market in the fourth quarter of this year and the first quarter of next year.

With regard to the continued decline in sales of new energy vehicles, Li Bin said that after the decline of subsidies for new energy vehicles, the sales of electric vehicles have dropped sharply, especially pure electric vehicles, resulting in greater sales pressure. However, after seeing the number of Xilai cars, there is no need to be so worried.

The delivery volume of Xilai cars is 2000 in August, 2190 in September and 2526 in October. Sales are expected to rise further in November, indicating that the demand for electric cars in the automobile market is increasing. The demand for Lulai cars in the auto market is also increasing.

In his view, the rising sales in NIO, as well as the change in public awareness and acceptance of electric cars, all show that electric cars have ushered in an inflection point, there will be more future in the future, and the spring of the electric car market is coming!

In the past few months, Xilai has indeed experienced a lot of changes.

ES8 spontaneous combustion occurred in many places across the country, causing consumers to worry about the quality of new energy vehicles, and eventually Lailai recalled ES8, becoming the first new car maker to issue a recall.

In September, NIO released its second-quarter results, which showed that its second-quarter operating income was 1.508 billion yuan, with a net loss of 3.285 billion yuan belonging to shareholders and a cumulative loss of more than 20 billion yuan. In an effort to reduce costs, Xilai said it would cut jobs at the end of September and would continue to reduce its workforce in the third quarter and before the end of the year.

In October, Lai Automobile negotiated a financing intention of more than 5 billion yuan with Wuxing District, Huzhou City, Zhejiang Province. NIO will build a factory with an annual production capacity of 200000 vehicles in Wuxing District, but the financing agreement was not reached because of the high risk of the project.

In November, Xilai announced that Stanley Qu would succeed Wang Dongning as the company's vice president of finance, and announced China International Capital Corporation auto analyst Feng Wei as the new CFO, replacing Xie Dongzhong, who resigned last month for personal reasons. In addition, it was revealed that NIO was "negotiating bankruptcy liquidation with a number of law firms", but NIO has refuted the rumor and reported the case to the public security organs.

Through this speech, it is not difficult to see that Li Bin still has great hope for the development of electric vehicles, at least for "NIO."

However, hope is hope after all, and there are still many problems in reality. Although the sales volume of Xilai car ranks high among the new car-building forces, it is difficult to support the development under the huge losses. In addition, the financing is not smooth and the changes of the company have also increased the operating pressure.

I hope, as Li Bin said: "with the decline of subsidies this year as a new starting point, the electric vehicle market will become healthier and more promising."

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