AutoBeta(AutoBeta.net)03/19 Report--

Zhang Wei, chairman of Cornerstone Capital, issued a long article detailing the current situation and future of the new car-building forces in China. Zhang Wei believes that the financial problems caused by money burning will be the first to eliminate a car company, and the subsidy retreat of new energy vehicles will also affect all new car-building powers. he believes that apart from Tesla, who has entered the Chinese market on a large scale, the real opportunity for new energy vehicle manufacturing is still in traditional vehicle companies.

Zhang Wei said bluntly: new energy vehicles and smart driving are the indisputable direction of the automobile field, but there is no new energy car manufacturing company worth investing in in China.

He Xiaopeng, founder of Xiaopeng Automobile, responded to Zhang Wei's remarks: "Thank you, and there is no need for you to invest." "it's easier to be a critic than to be a builder," he Xiaopeng wrote on Weibo. "our choice is to work too much and have a high pain index. Model workers are forced out. This is our own choice."

He Xiaopeng said that both Geely Great Wall and Tesla are admirable. They got through more hardships and hardships at that time. At that time, they only faced more ridicule, and today they have not stopped. "Today's new car manufacturers are just repeating their stories of those days. Today's difficulties and challenges such as NIO and Xiaopeng are just a pit in the way of growth, and they always have to move forward."

Thank you, and there is no need for your investment.

It is easy to be a critic, but difficult to be a builder. Our choice is to work more and have a high pain index. Model workers are forced out. This is our own choice. But our pleasure is to survive 99% of the questions and grow up and change the world more. We just have to choose the artificial origin and seeds that 1% believe, and do ourselves step by step and enlarge them. Both Geely Great Wall and Tesla are admirable. In those days, they got through more hardships and hardships. They only faced more ridicule then, and they haven't stopped today. Today's new car manufacturers are just repeating their stories of those years, and today many start-ups are just repeating similar stories. I admire whether they are successful or not, as long as they really want to do a good job. Today's difficulties and challenges, such as NIO and Xiaopeng, are just a pit in the way of growth, and they always have to move forward.

Zhang Wei said in the article that except for the enterprises that have already been mass-produced and delivered, such as NIO, Weimar and Xiaopeng, the number of this new car-making enterprises has long exceeded 100, and most of them will have a life-and-death 2019. It can be said that "burning money" is a necessary way for the new power of car building. According to the recent annual report released by Lulai, which sold more than 10,000 cars in 2018, it lost 9.3 billion yuan, an increase of 91 percent over the same period last year. The cumulative loss in the three years from 2016 to 2018 has reached 17.23 billion yuan.

Since "burning money" is inevitable, then enterprises can only make up for this capital hole through continuous financing, and another problem faced by the new car-building forces is the decline of subsidies. As we all know, the domestic new energy subsidy policy will usher in a sharp decline this year, but the specific policy has not yet been announced. It is said that the state subsidy will decline and the land subsidy will be cancelled until 2021.

As early as at the China Automobile Forum on April 26 last year, Geely Li Shufu criticized "Internet electric cars". Li Shufu said: now many people use Internet electric cars to fool around, which is very dangerous. "although we cannot be overly superstitious in Internet thinking, we must pay attention to the study of the Internet, the future of the Internet and the connection of cars, which is also inextricable, and we must respect and embrace the Internet. We can not abuse the concept of the Internet, now many people use Internet electric cars to fool around, I think it is very dangerous, it is not easy for ordinary people to earn that little money. "

At present, there are more than 100 new car-building enterprises in China, but there are very few people who really have the strength to do things. Many new car-building forces have passed round after round of financing, but only a few companies, such as NIO, Xiaopeng, Weimar, and so on, have really achieved mass production delivery. and in the recent financial report for 2018, it is also surprising that its annual net loss of more than 9 billion yuan is also very surprising, so how many of these new forces of car-building in China will be left in the end?

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