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Three new power car companies will survive, Weimar Motor did not enter the list and made a public bet.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)01/07 Report--

As the sales of new energy vehicles continue to decline, the new power car-building boom cools, and the industry enters the knockout stage ahead of schedule, all new car-building companies are competing for the final place to survive.

According to online information, Wang Xing, founder of Meituan, recently made a statement, saying that only three new forces competed for the next two rounds, including ideal, Lulai and Xiaopeng Motor.

Wang Xing said, "I'm sure the ideal is 12 families, and I can probably get into the next round of 1-6. I don't know, I have to work very hard in the next round." Wang Xing believes that the pattern of China's car enterprises is basically the next two rounds of competition, three central enterprises are FAW Dongfeng Changan, three local state-owned enterprises are SAIC, Guangzhou and BAIC, three private enterprises are Geely Great Wall BYD, and three new forces are ideal Xiaopeng.

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Shen Hui, chairman of Weima Automobile, made a positive response to Wang Xing's remarks and said he was willing to make a "bet" with Wang Xing. Shen Hui believes that Weima must be one of the Top3 and is willing to make a bet with Wang Xing.

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It is worth noting that in the latest round of financing of ideal Automobile, the new power of building cars, Wang Xing, founder of Meituan, personally led an investment of nearly US $300 million and became an investor in ideal cars.

The new power of car-building in 2019 is generally bleak, and none of the annual sales targets have been met.

NIO Motor is the top seller of the new power brand in 2019, delivering 3170 cars in December, an increase of 25.4% month-on-month and a new high in 2019. A total of 20565 vehicles were delivered in the whole year, including 9132 for the ES8 and 11433 for the ES6. However, NIO failed to meet the sales target of 40,000 vehicles set at the beginning of the year. After a spontaneous combustion recall, a setback in financing, a sharp fall in stock prices and layoffs, the plight of Lulai has been alleviated. As of January 6, U. S. stocks closed at $3.68, with a total market capitalization of $3.874 billion.

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High-end positioning of NIO occupies the top sales list, focusing on civilian route other electric car brands, but sales are dismal.

Weimar ranked second in delivery, delivering a total of 15355 vehicles in the first November, a far cry from the target of 100000, with a completion rate of only 15.35 per cent.

In third place is Xiaopeng, which has a cumulative delivery volume of 12960 vehicles in the previous November, with a sales target of 40, 000 and now has a completion rate of 324%.

After that, there were other brands such as Nahan cars, zero-running cars, Yundu, Suntech, Future, and so on, whose sales were "pitiful" and the target completion rate was also "appalling."

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Ideal car has been officially delivered to its model, the ideal ONE, since December 2019, which uses plug-in hybrid technology, which can burn fuel and recharge, which is obviously different from other new forces. The founder of ideal revealed that the ideal ONE produced 1530 vehicles in its first month and delivered more than 1000.

Meanwhile, ideal Motors has applied for IPO in the United States and went public as early as the first half of this year, raising at least $500m.

With the withdrawal of subsidies for new energy vehicles, the continued decline in sales, and the strong entry of domestic Tesla, the living space of the new forces of car building has further shrunk and delivered for less than two years, and the issue of survival in the future has been discussed. Entering 2020, the new car-building forces ushered in a more severe test of life and death, the market cooling financing difficulties, capital problems highlighted, profits are a long way off. If only 3 companies survive, which brands will be eliminated?

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