AutoBeta(AutoBeta.net)03/07 Report--

After NIO announced its 97.6 billion loss report, China Development Bank's investment platform Guokai International Investment announcement clearance Wei to hold shares.

Guokai International Investment Co., Ltd. issued a notice saying that through the open market, the company sold 4.6704 million shares of American depositary securities held by the company at a price of not less than US $715 million per share based on market conditions at that time, accounting for about 0.44% of the issued share capital of Lulai Motor. After the completion of the sale, CDI will no longer hold shares in Lulai Motor.

CDI also said that the sale of the shares is expected to generate a gain of US $8.39 million (about 56.28 million yuan) for the company, which will be used for general working capital.

After the announcement of the results on the 6th, the share price of Xilai Motor plunged 21.16%.

According to previous financial reports, Li Bin, CEO of Xilai Motor, held 151689253 common shares of the company, accounting for 14.4% of the total share capital.

In 2018, the total income of Lulai Automobile 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. It means that NIO loses about 800000 yuan for every car sold, while it loses about 26 million yuan a day.

The number of cars delivered in the first two months of this year fell far short of market expectations, with ES8 deliveries of 1805 in January and 811 in February. At the same time, NIO also announced a major news that the plan to build its own factory in Jiading in Shanghai had stopped, followed by a fall in the share price of NIO.

When Tesla's domestic pace was not determined, NIO quickly opened up the domestic market, and was the first enterprise to achieve mass production and listing for the new car-building forces. In the face of the pressure of direct competition brought about by Tesla's domestic prices, does Ulai still have a "future" in the face of sustained huge losses?

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