AutoBeta(AutoBeta.net)04/17 Report--

NIO shares fell sharply after listing on the New York Stock Exchange. Us stocks closed yesterday, and NIO shares continued to fall, falling more than 6 per cent, closing at $4.45, setting a new low since listing. Within a month, the share price of Xilai reached a peak of $10.64.

In the highly competitive market environment, NIO early delivered an unsatisfactory financial report, low delivery volume and serious performance losses, resulting in a certain impact on the stock price. In the face of the decline of national policy subsidies for new energy vehicles, new energy vehicle enterprises are facing operating pressure and market tests, especially the new forces of car-building, have not yet found the space to make profits.

Yesterday, the Shanghai Auto Show officially opened, and a number of electric car companies flocked to show the latest mass production and concept models. NIO shows the preview version of the third automobile product ET, the power will continue the power reserve of ES6 and ES8, and the mass production version will be named ET7.

As more and more automobile companies join the competition and develop in different directions, NIO is no longer the dominant party in the new forces of car-building, which means that the competitive pressure of Fulai is increasing. For example, Xiaopeng's first sedan P7 opened for pre-sale at the Shanghai Auto Show, the ideal ONE represented by plug-in hybrid cars was officially unveiled, Tesla Model 3 entered China and domestic projects were launched. At the same time, traditional car companies have also joined more intelligent technology to compete for new forces in modeling, forming greater pressure on new power enterprises.

China's electric vehicle industry has witnessed rapid development in the past year, with a large number of new companies coming in, but the market is about to be reshuffled soon, affected by factors such as subsidized slopes and competition from foreign companies, Bloomberg said yesterday. China's electric vehicle industry is likely to see a reshuffle this year, and a large number of weaker companies will disappear.

Car and Jia Li want to say: "this year, a large number of enterprises will disappear, 90% of investors will suffer serious losses."

A series of adverse effects eventually led to a sharp fall in the share price of the first shares of electric vehicles in China. According to the analysis of industry insiders, NIO needs to release a large number of models as soon as possible.

Ulai delivery data show that 3989 electric vehicles were delivered in the first quarter of this year, down 50% from the fourth quarter of last year, but CEO Li Bin said the delivery data felt good and exceeded expectations. At present, the pre-sale of the second electric car, the ES6, has begun and is scheduled to be officially delivered in June.

Li Bin also said that there is little pressure on on-time delivery, and the pricing of ES6 has a certain gross profit, which is also the main source of profit after Ulai.

According to the financial report, Lailai made a net loss of 9.6 billion yuan in 2018, and the plan to build a factory in Shanghai Jiading was cancelled. In an earlier class action lawsuit in the United States, the indictment claimed that there were significant false or misleading statements in the prospectus, resulting in investor losses and claims for compensation. This false or misleading statement is related to the cancellation of the factory in Shanghai. In response, collective litigation is very common in the US capital market and will attach great importance to it and deal with it one by one.

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