AutoBeta(AutoBeta.net)08/22 Report--

Meituan CEO Wang Xing seems to have a crush on the ideal car. Yesterday, Meituan Dianping released his financial results for the second quarter of 2020. In a conference call after the release of the results, Wang Xing was asked why he invested in ideal cars. "many investors underestimate the potential of electric cars and ideal cars," Wang said. It's like a lot of people didn't really see Tesla's potential a year or a few years ago. "

"I believe the ideal car is worth investing in because the market is huge," Wang said. And Li Xiang is also a very potential entrepreneur. In the future, he will become a top entrepreneur in China, and he will be an entrepreneur who has never been to college. "

This is not the first time Wang Xing has publicly stated his attitude towards the ideal car. On the day the ideal car went public in the United States, Wang Xing said publicly on social media that "for those who think Li's ideal is to trade an ideal car for hundreds of billions of dollars, you have underestimated by an order of magnitude." Earlier, Wang Xing wrote on Weibo that ideal Automobile is one of only three new car-making companies in China that will survive in the future.

The data show that the ideal car was founded in July 2015; in August 2016, the foundation was laid in Changzhou; in October 2018, the ideal car's first production model, the ideal ONE, was officially unveiled, with a positioning add-program hybrid medium and large SUV, with a subsidized price of 328000 yuan; in December 2019, the ideal ONE was officially delivered to users; by July 2020, the cumulative sales of the ideal ONE reached 12182.

Although the ideal ONE frequently occurs security incidents after delivery, causing users to question its quality control, but from the feedback of users on its products, the affirmation of the ideal ONE is higher than the doubt about it.

On July 30th, ideal Automobile was successfully listed on NASDAQ at a price of US $11.50 per share, with investors including Meituan Dianping, Byte Jump and so on. According to the prospectus, ideal Motor founder and CEO Li Xiang is the largest shareholder, holding 25.1%. Meituan CEO Wang Xing and his related party Meituan account for 23.5%, the second largest shareholder. At the same time, Wang Xing also served as a director of ideal Motor.

Ideal car successfully listed on NASDAQ, becoming the second domestic car-building new power listed in the United States after NIO Automobile, and its market value has also soared, with a current market capitalization of 12.7 billion US dollars.

As for why he is so fond of ideal cars, Wang Xing replied that "Li Xiang is an excellent entrepreneur, ideal cars have excellent products, and the electric car market is very large, for long-term considerations. Meituan hopes to participate in the electric vehicle industry revolution." In fact, Wang Xing's "ideal" does not stop there.

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