AutoBeta(AutoBeta.net)03/01 Report--

On March 1, the New Power brand announced its latest delivery results as scheduled. According to the ranking of statistics concerned by the automobile industry, due to the impact of the Spring Festival holiday, the delivery volume of the major new power brands dropped sharply in February compared with the previous month, and none of the car companies sold more than 10,000 cars, of which the best performer was the ideal car, which was 8414, while Xiaopeng and NIO were both at the 6000 level, 6225 and 6131 respectively, while Xiaopeng and NIO were overtaken by Naha, the latter for 7117. From the perspective of cumulative delivery volume, the ideal car has delivered a total of 20682 vehicles, which is currently the top seller of the new power brand.

At present, ideal car only has the ideal ONE model on sale, but judging from the delivery volume in February, both brand sales and model sales are significantly better than other new power models. Data show that 8414 vehicles were ideally delivered in February, an increase of 265.8% over the same period last year and a month-on-month decline of 31.42%. As a medium and large SUV, the ideal ONE is driven by added programs, but it can be powered by oil or electricity. This is the biggest difference between the ideal ONE and other new power products. No matter it is NIO, Xiaopeng or Nezha, the products currently on sale are basically pure electricity, and although the price of the ideal ONE is as high as 300000 yuan, it does not have charging anxiety.

In addition to the delivery volume, ideal announced its annual results last week. The financial report shows that the ideal revenue in 2021 is 27.01 billion yuan and the net loss is 321.5 million yuan. In terms of sales, it is expected to deliver 90491 vehicles for the whole year in 2021, an increase of 177.4% over the same period last year. According to the ideal plan, it will launch the first full-size add-on electric SUV X01 this year, and two other SUV models will be launched in 2023. Affected by the results, ideal Motors' shares have soared in recent days, with Hong Kong shares rising 10.63 per cent to HK $121.8 today, with a total market capitalization of HK $251.6 billion.

Compared with previous months, the delivery volume of Xiaopeng in February is not bright. Data show that Xiaopeng delivered 6225 vehicles in February, an increase of 180.0% over the same period last year and a month-on-month decline of 51.82%. As for the reason for halving sales, the auto industry is concerned about speculation that, in addition to the Spring Festival holiday, it may have something to do with factory transformation. It is understood that during the Spring Festival holiday from the end of January to February, Xiaopeng carried out a technical transformation of the Zhaoqing base and fully resumed production in mid-February, so that that month's output and sales were affected.

On February 24th, Xinwanda issued an announcement, allowing 19 enterprises to increase capital for its subsidiary Xinwanda electric car battery with 2.43 billion yuan and subscribe for 1.237 billion yuan of new registered capital for Xinwanda car battery. Corresponding to the completion of this capital increase, Xinwanda car battery equity of about 19.55%. Among them, ideal related company Jiangsu Automobile and NIO related company Weirui invested 400 million yuan and 250 million yuan respectively, holding 3.21% and 2.01% equity shares of Xinwanda car battery respectively. At the same time, behind the company of the second investor Sky Top LLC is actually Xiaopeng, who also contributed 400 million yuan and got 3.21% of the shares. In other words, Wei Xiaoli invests in Xin Wanda. It should be noted that Wei Xiaoli's battery suppliers are not only Xinwanda, but also Ningde era. According to the data released by the China Automotive Power Battery Industry Innovation Alliance, the installed capacity of Xinwanda power battery in 2021 is 2.06GWh, accounting for only 1.3% of the market share, which is not at all the same level as Ningde era and BYD. Wei Xiaoli's investment in Xinwanda may also be in this consideration, one is that cooperative enterprises are less able to guarantee supply, on the other hand, it may be cost reduction.

It is understood that in terms of new car delivery, Xiaopeng previously said that "2022 plans to deliver 250000 vehicles as a whole, and impact to 300000 vehicles." However, the delivery of 19417 vehicles in the first two months, the delivery of 250000 vehicles is still very slim.

In February, NIO still lagged behind, delivering 6131 new cars in February, up 9.9 per cent from a year earlier and down 36.48 per cent from a month earlier. It is understood that at present, there are three models of ES8, ES6 and EC6 under NIO, and ET7 and ET5 are also scheduled to be delivered in March and September, and a new model ES7 will be released in April this year, which can be said to be the new force brand with the largest number of products released so far. However, the delivery performance in recent months has not been ideal, although all achieved year-on-year growth, but compared with Xiaopeng and the ideal performance is still relatively inferior.

It is worth mentioning that NIO will trade on the Hong Kong Stock Exchange in the form of an introduction listing on March 10. What is the introduction and listing? To put it simply, as a way to apply for listing of issued securities, there is no need to issue new shares at the time of listing, but only that the shareholders of the enterprise apply for listing and trading of their old shares, which, to a certain extent, does not involve financing. As for landing stocks in Hong Kong, NIO responded that the move would provide investors with more choice of trading location and more flexible trading time, which would help to introduce more investors and be beneficial to the long-term development of the company. The company had cash reserves of about 47 billion yuan at the end of the third quarter of 2021 and completed financing of $2 billion in the fourth quarter of the same year. The company currently has sufficient cash reserves and has no urgent financing needs in the short term. By the end of February 28, US stocks closed. Affected by the listing of Hong Kong stocks, Lulai's share price soared 9.07 per cent to US $22.84, with a total market capitalization of US $36.3 billion.

It is worth mentioning that due to the halving of Xiaopeng's delivery volume, which is second only to the ideal. Data show that 7117 vehicles were delivered in February, an increase of 255.5% over the same period last year and a decline of 35.35% from the previous month. It is understood that N01, N01, and V are on sale, of which the V is the main source of sales, with a total delivery of 49646 vehicles in 2021. In terms of new cars, Nezha S has entered the countdown to the market. According to officials, the new car will be equipped with front double-arm / rear five-link suspension and will be powered in two versions: extended range and pure electric.

As for zero-running cars, 3435 were delivered in February, up 447 per cent from a year earlier and down 57.5 per cent from a month earlier. It is understood that Zero currently has C11, S01 and T03 models on sale, and it is planned that the new medium and large sedan C01 will be released in April and listed in August. In addition, some time ago, Zero cars were exposed for overseas listing, and the information disclosed by the CSRC showed that the materials submitted by Zhejiang Zero Technology Co., Ltd. to the International Department of China Securities Regulatory Commission for the examination and approval of overseas initial public offering shares (including common shares, preferred shares and other derivative forms of stocks and stocks) were accepted, but the information did not disclose the specific capital market of Zero Automobile selection.

From the delivery results, the ideal performance is the best, with a cumulative delivery volume of more than 10,000 vehicles, while Xiaopeng and NIO performed worst, of which Xiaopeng was overtaken by Nezha for the first time. However, brands that have disclosed delivery volumes have declined month-on-month, mainly due to the impact of the Spring Festival holiday. At present, the stock competition in the domestic new energy vehicle market is becoming more and more obvious. Wei Xiaoli and Nezha always seem to give different surprises to the market, but in this increasingly competitive market, it has added some uncertainty to these car companies. how should they tell their stories?

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