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This new power hasn't fallen yet? CEO: it won't be long before there is good news

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

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AutoBeta(AutoBeta.net)07/13 Report--

With the shrinking domestic automobile market and the continued downturn in the new energy market, more and more new car-building forces have been declared dead before mass production has been achieved. However, in the face of another new power car company, Singularity, which has not achieved mass production for several years, CEO said there will be good news in the near future.

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Recently, Shen Haiyin, founder and CEO of Singularity, posted two moments in a row, with the key words Blue Shark Intelligent Electric Motorcycle. In the eyes of the outside world, Shen Haiyin thought that because it was too difficult to build a car, Shen Haiyin would abandon the two-wheeled electric motorcycle with a lower threshold. Perhaps for Shen Haiyin's two-wheeled electric motorcycle, people are more concerned about the future of Singularity.

Ten minutes later, he wrote in the comments section at the bottom of the article: "Blue Shark is a project I invested in a long time ago, together with Singularity cars, constitute my four-wheel plus two-wheel travel strategy."

In response to the specific situation of the matter, Shen Haiyin also told the media that there is no content that can be released to the public at this stage, but he stressed that there will be good news and will not wait long. Some insiders of Singularity revealed that there will be a new positive interpretation in the near future, whether it is the issue of contract manufacturing or financing, but in view of the silent requirements of information, it is not possible to provide more details for the time being.

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According to public data, Singularity was founded in 2014, which can be said to be the first batch of new power car companies. It first released the concept car in 2015, and in April 2017, two years later, Singularity announced that the new car would be available by the end of the year when it launched its first all-electric SUV iS6, but the launch plan of iS6 was delayed again and again in the next three years, and it is still "difficult" to give birth.

According to media statistics, this is the third time that Singularity has reneged on its promise to jump tickets, so it has been criticized by many netizens as the "jumping king" in the new forces of car building.

On this matter, Shen Haiyin said: "slow is fast, attentively to create high-quality products, this is the singularity principle." He doesn't want to care too much about delivery time, nor should he bring unprepared products to market, but would rather spend more time polishing them better.

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In fact, from the point of view of the industry, Singularity has been unable to mass produce or has something to do with its production qualification. Like most new power car companies, Singularity chose OEM at the beginning. It was announced in 2018 that it had reached a strategic cooperation with BAIC that BAIC New Energy would produce new cars for it, but for some reason, the contract manufacturer later became Beiqachanghe. In June 2019, Shen Haiyin said BAIC's Changhe plant in Jingdezhen, Jiangxi province, could provide 100000 vehicles for Singularity.

In addition, Singularity has also spent a lot of money on financing. According to Sky Eye check data, Singularity has completed 10 rounds of financing, with a total amount of more than 17 billion yuan. But until now, we have not seen iS6 achieve mass production.

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We do not know the specific reasons for the delay in delivery of Singularity cars, but for the new forces of car building, the sooner the new cars are put on the market and delivered, the more positive they will be for future development. after all, car companies such as NIO, Xiaopeng, ideal and Weimar, which were established in the same period, can better resist the cold winter of the car market. On the contrary, new forces like Boxun, Baiteng, Sailin and other new forces have fallen one after another for a variety of reasons. Therefore, the future of Singularity Automobile is in fact very challenging, and how far it can go can only be answered by the market and the environment.

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