AutoBeta(AutoBeta.net)07/20 Report--

According to the latest comprehensive sales statistics of the Federation of passengers, the cumulative sales of narrow passenger cars in China from January to June reached 7.712 million, down 22.5% from the same period last year. Among them, the cumulative sales of narrow new energy vehicles in China fell 44.0% to 313000 vehicles compared with the same period last year, and the total sales of the top 10 new forces in the first half of this year were 45795, accounting for 14.1% of the total new energy sales in the country. Among them, NIO, ideal and Weima occupy the top three in the delivery volume of the new car-building forces in the first half of the year.

NIO is still the leader of the new power of car building, delivering a total of 14169 vehicles in the first half of this year, of which June delivery increased by 179.1% to 3740 compared with the same period last year. Ideal has maintained a relatively stable delivery pace since its formal delivery in December last year. It is ideal to deliver a total of 9500 new cars in the first half of this year, surpassing Weima and Xiaopeng to become the second brand of the new power of car building. Weima is also in constant catch-up, delivering a total of 7686 vehicles in the first half of this year, ranking third in the sales of the new force of car building in the first half of this year.

Compared with the first three car brands, Nezha and Xiaopeng have a more mediocre market performance. Prior to this, Xiaopeng delivery volume is second only to NIO, but with the changes in the domestic situation, Xiaopeng cumulative delivery of only 4202 units in the first half of this year, the output is obviously weak. In addition to being chased by ideals and Weimar, Nezha also successfully overtook Xiaopeng and ranked fourth on the list with 5002 units delivered.

Car brands outside the top five on the list are even more "miserable". Car brands such as Zero, Aichi and Guoqi have lower sales, with delivery volumes of more than 1,000 vehicles, while Yundu and Aichi are only about 100.

2020 is called the watershed of the new power of car building.

On the one hand, the new car-building forces ushered in the knockout stage, Boxun, Sailin, Baiteng and other car companies have "thunderstorm", coupled with employee salary demands, executive turnover, factory shutdown and so on, so that the development prospects of the new car-building forces are worrying. On the other hand, the head of the car-building new power enterprises began to increase the expansion of the market. Statistics show that by the first half of this year, car-building head enterprises, such as Ulai, Xiaopeng, ideal, Weima, etc., have occupied 13% of China's new energy vehicle market share, compared with 6% in the same period last year, which means that some car-making new power brands have gradually accelerated their development.

NIO, ideal and Xiaopeng, as the more optimistic brands in the new forces of car building, are constantly speeding up the market layout. On July 10, NIO China signed cooperation agreements with six banks, including China Construction Bank Anhui Branch. The six banks will provide 10.4 billion yuan in comprehensive credit to NIO China to support the operation and development of NIO's business in China. On July 10, ideal formally submitted a prospectus to the Securities and Exchange Commission of the United States, which will be listed on Nasdaq under the symbol "LI". On July 20, Xiaopeng announced the completion of nearly $500m in C+ financing, with the participation of well-known investment institutions such as Aspex, Coatue, Hillhouse Capital and Sequoia Capital China.

The "three hardships" of the new car-building forces are constantly increasing the market layout. compared with Nashi, Zero and other new car-building forces, there are no new financing plans in the first half of this year, and the previous D-round financing of Weima has also been shelved because of the epidemic, and there is no up-to-date financing information for the time being.

Due to the influence of the epidemic situation at home and abroad, the adjustment of subsidies for new energy vehicles, and the overall depressed environment of the domestic car market, the car-making force was not comfortable in the first half of the year. As the car-making industry entered the downturn and knockout stages, the new energy vehicle market was not as expected, and a number of car-making enterprises were exposed out in the first half of the year.

The first half of 2020 may be harder for the new power of building cars. First of all, although the new energy subsidy lasted for two years, the implementation of the new subsidy policy also exerted a lot of pressure; secondly, with the thunderstorms of Baiteng, Sailin and Boxun one after another, the investment in car-building power in the capital market also decreased significantly; finally, Tesla's domestic threat to domestic car brands, with the further deepening of Tesla's localization, will it further encroach on the new energy vehicle market and further suppress domestic car brands?

Survival of the fittest is the basic rule of enterprise survival. In the second half of the year, the competition in the new energy vehicle market will be more fierce, and the further acceleration of survival of the fittest will enable enterprises with sufficient strength to continue to survive in the market, and enterprises without strength will eventually be out.

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