AutoBeta(AutoBeta.net)12/12 Report--

China Automotive Technology Research Center (SARIC) released the latest insurance data in November 2019, Audi Q5, Mercedes-Benz GLC and BMW X3 respectively ranked in the top three among the luxury medium-sized SUV models, while the Lvlai ES6 ranked ninth with 2151 vehicles at risk in November. As the only 400000-class pure electric SUV,ES6 has entered the top 10 of the luxury medium-sized SUV segment for the fourth month in a row.

The cumulative risk of ES8 reached 8622 vehicles from January to November this year, although the risk was low in a single month, but it still maintained a steady upward trend after the decline of new energy subsidies. ES8 ranked fifth among the optional three-seat luxury SUV models and was the only pure electric vehicle on the list.

Xilai currently has two models on sale, namely ES8 and ES6, of which ES8 was officially delivered in June 2018, with a cumulative delivery volume of 8499 vehicles from January to November. ES6 was officially delivered in June this year, with a cumulative delivery of 8896 vehicles from January to November.

It is worth noting that the average monthly delivery of Lai ES8 in 2018 is basically maintained at about 2000 vehicles, and in 2019, due to the market downturn, ES8 delivery has seriously shrunk, mainly due to product quality problems. It had several spontaneous combustion accidents from April to June, and Lailai had no choice but to recall the ES8 in July, coupled with the subsidy retreat of new energy vehicles and the introduction of higher-performance ES6, resulting in ES8 delivery of only a few hundred vehicles.

In order to recover the current situation of depressed sales, in August and September this year, Lailai successively launched preferential policies such as lifetime free electricity exchange service, 30% down payment / 3-year interest-free and 5-year zero down payment, in an effort to revive Lailai's car sales.

This year will be a very challenging year for Xilai Automobile. In the grim market environment, it is full of negative news, such as auto spontaneous combustion, internal layoffs, senior management turnover, huge profit losses and other news that the company's survival has been questioned. The new energy vehicle industry is facing a reshuffle, but it is not the most difficult time yet. The winter of new energy vehicles has just begun, and the reshuffle of car companies will be accelerated next year.

However, Xilai is not an isolated phenomenon. Due to the decline of new energy subsidies, sales of new energy vehicles have declined in May, and sales of BYD New Energy, BAIC New Energy and other car companies have also been seriously hit. According to the data of the China Automobile Association, in November 2019, China's automobile production and sales volume were 2.593 million and 2.457 million respectively, an increase of 3.8% over the same period last year, and sales fell 3.6% from January to November last year. China's car production and sales totaled 23.038 million and 23.11 million respectively, down 9% and 9.1% respectively from a year earlier.

The China Automobile Association said that production and sales began to pick up in November, reflecting on the one hand that companies began to replenish inventory after continuously reducing inventory levels, and that the pace of production has recovered; on the other hand, it also reflects the recovery of market confidence in the future. However, the overall recovery of the market is slow and consumer confidence is still insufficient.

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