AutoBeta(AutoBeta.net)03/06 Report--

The new car-building force Lai Automobile released the latest financial report and confirmed the plan to cancel the self-built plant in Jiading, and the new products will continue to be manufactured by Jianghuai Automobile.

According to the NIO financial report, the total income in 2018 was 4.9512 billion yuan and the net loss was 9.639 billion yuan. In terms of sales volume, Xilai delivered a total of 11348 ES8 vehicles throughout the year.

In view of the situation of persistent losses, Li Bin once took Tesla as an example, saying that Tesla had lost money for more than a decade. Li Bin also said that many people asked NIO how much money he lost, and he wanted people to pay more attention to the amount of R & D investment. He said that the investment cycle of the automotive industry is very long, and the next 5-10 years will be a window for great changes in the shape of automotive products. Technologies such as autopilot, artificial intelligence and 5G will profoundly change the structure and industrial chain of automobiles, and it will not be possible to lead the industry without investment. Lulai invests billions of yuan in research and development every year, and Li Bin believes that every investment will be rewarded.

Another more important news is that Lailai has cancelled the plan to build its own factory in Jiading, Shanghai, signed in 2017, and the products continue to be manufactured by Jianghuai Motor.

Jianghuai NIO factory in Hefei, Anhui Province, completed and put into production in 2018, is currently in production of the NIO ES8, while the second model under planning, the ES6, is also confirmed to continue to be manufactured by JAC. Therefore, the words "Jianghuai Automobile" will be printed on the tail label of all cars sold in NIO.

Li Bin said earlier that the Porsche factory is definitely not as good as the Jianghuai factory, the Jianghuai factory has a higher standard and level.

Tesla, who has made a quarterly profit, built his huge battery and car factory in Shanghai and applied for about 2 billion US dollars in low-interest loans from Chinese banks. The price of domestic Tesla will fall sharply in the future. It will have a huge impact on all the new car-building forces in China. Lulai, which sustained huge losses, bears the brunt of the competition. Its product price is in direct competition with Tesla. Without a better profit model, it will increase the pressure for survival in the face of fierce competition. Canceling the self-built factory will help to reduce the risk.

Li Bin said in an interview last month: I have never worried about the delivery and mass production of Xilai. I am worried that it will not be sold.

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