AutoBeta(AutoBeta.net)07/02 Report--

On July 2, Xilai released delivery data for June 2020. Data show that a total of 3740 vehicles were delivered in June this year, an increase of 179.1 per cent over the same period last year. Among them, ES6 and ES8 delivered 2476 and 1264 vehicles respectively, the quarterly delivery reached a record high. In addition, as of June 30, NIO has delivered a total of 14169 vehicles.

In addition to the delivery data, NIO also disclosed good news on financing. On June 29th, Lulai officially disclosed the final progress of the Hefei strategic investment agreement, together with the cumulative financing of $435 million on February 6, 14 and March 5 this year, which has completed $927 million this year. In addition, with the 4.8 billion yuan of NIO China project, the total financing this year has exceeded 10 billion yuan.

As the leader of the new power of car building, the sales of Lulai Automobile has always been at the top of the list of the new power of car building in China, and the smooth introduction of financing projects has also given the "worst" of 2019 a respite. But at the same time, when to get rid of the dilemma of "selling one car at a loss" has still become the focus of Lulai cars.

According to the NIO financial report, the net profit of shareholders belonging to listed companies in 2019 was-11.2957 billion yuan, an increase of 17.2% over the same period last year. In the first quarter of this year, the net profit was-1.692 billion yuan, with an overall gross profit margin of-12.2%. Eye-catching sales results can not help it to achieve profitability, gross profit margin is negative, so that Xilai car into "sell a loss" dilemma.

This year is known as the "year of life and death" of the new power of car building. if you want to spend the year of life and death smoothly, you must make a profit as soon as possible, otherwise no matter how much financing will be exhausted. In this regard, Li Bin has said publicly that he will strive to achieve a positive gross profit margin in the second quarter of this year, and the gross profit margin will reach double digits at the end of the year. As for whether the gross profit margin of Xilai can become a regular member in the second quarter, it remains to be known.

The new car-building forces that are crazy about spending money are quickly beaten out of their original shape under the interference of the epidemic, and most of the unmass-produced car brands are facing elimination and issuance. Obviously, it is not easy for Lulai Motors to live in this market environment. However, although Wei has been in the awkward situation of "losing one car at a time" for a long time, it is much better than most car brands.

In the first half of the year, the new forces of car-building gradually formed three camps: car-building brands dominated by NIO, Xiaopeng, ideal and Weima are constantly expanding the market, increasing delivery volume and actively promoting financing; although car-building brands based on zero running, Aichi and Nezha have completed mass production, their sales are very ugly and are facing the dilemma of advancing and retreating. With Baiteng, Boxun, Sailin, Future and other car brands that have not yet achieved mass production, in the context of not having enough funds to survive, frequent incidents such as unpaid wages, workers' rights protection, factory shutdowns and so on will undoubtedly push the brand to a dead end. these brands will become brands that will be eliminated by the market.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat