AutoBeta(AutoBeta.net)04/26 Report--

Lulai has already launched two mass-produced models, the ES8 and the ES6, and in March it announced that the third model would be a sedan. During the Shanghai Auto Show, ET Preview, a preview version of the Lulai sedan product line, debuted for the first time and is expected to go on sale by the end of the year.

But now there is bad news from the ET project. NetEase learned exclusively from a number of sources that ET, the first car project, has been stopped internally. In response to this matter, NetEase Intelligent to the Ministry of Public Relations to verify, the relevant sources said that the project will be adjusted according to the feedback of the auto show, ES6 behind the specific products have not been decided, can not be said to suspend ET.

The preview version of the ET series was officially unveiled at the Shanghai Auto Show, but except for the appearance, it did not disclose any details about the ET Preview, and the size, performance parameters, price range and launch time of the car are not clear. Qin Lihong, president of Lulai, explained that the reason why Lulai did not release the details of the ET preview version is that the car shows more of the design ideas of the Lulai car products, including styling, body posture and other information, designed to communicate with the outside world and get everyone's evaluation.

According to NIO's plan, its third model is a car, which was originally planned to be built by a self-built Shanghai factory, but when it announced its results for the fourth quarter of last year, NIO also confirmed that it would cancel its plan to build a plant in Jiading, Shanghai, and announced that the third model would still be manufactured by JAC.

In announcing its results for the fourth quarter of last year, NIO's share price fell as its full-year net loss reached 9.64 billion yuan. At the same time, NIO also decided to cancel the plan to build a factory in Jiading, Shanghai, signed in 2017, and after canceling the self-built factory, NIO has strengthened its mode of cooperation in contract production, reducing costs and increasing efficiency.

At that time, Xilai said that it had invested in revamping and expanding the capacity of the Jianghuai NIO Hefei plant, and that the third model, "ET7", was still produced by JAC Motor. Li Bin said, "it has been decided that our third model will be produced in JAC (JAC Automobile)."

At present, NIO has launched two mass-produced models, ES8 and ES6, ES8 positioning medium and large SUV, with a comprehensive range of 355km and a price range of 44.8-548000 yuan (548000 yuan is the original version) before the subsidy. ES6 positioning medium-sized SUV,84 kilowatt-hour performance version of the comprehensive range of 510km, before the subsidy price range of 35.8-548000 yuan (548000 yuan for the first commemorative version).

A total of 11348 ES8 vehicles were delivered in 2018, with a total revenue of 4.9512 billion yuan, but the loss continued to expand, with a net loss of 9.639 billion yuan for the whole year, an increase of 92 per cent over last year. The financial report shows that in 2018, the total cost of sales of NIO was 5.207 billion yuan, the total R & D expenses was 3.9979 billion yuan, and the total sales and management expenses reached 5.3418 billion yuan.

Since the beginning of this year, there has been a big drop in the delivery volume of Xilai. Figures show that in the first quarter of this year, it delivered 3989 electric vehicles, down 50% from the fourth quarter of last year, but CEO Li Bin said the delivery data felt good and exceeded expectations.

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