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Li Bin, CEO of Xilai Automobile, once said bluntly, "I knew it would cost money to build a car, but I didn't expect it to be so expensive." Therefore, capital is very important for the new power to build cars, and how to raise capital has become the primary prerequisite for the development of new energy.

A few days ago, there are data released a group of new power car financing ranking. Among them, Xilai Automobile far exceeds the major enterprises with an amount of 37.14 billion yuan, accounting for almost 30% of these enterprises. In second place was Weimar, with 172. 3.9 billion yuan. Compared with the first two Xiaopeng cars, it is basically average with other car companies. With the addition of other car companies that do not have much financing, they have accumulated more than 100 billion yuan.

In fact, in recent years, due to the opening of electric vehicle production qualifications to private capital, a large wave of new power car manufacturers have flooded into the market. According to public information, at present, the number of domestic car-building companies with new forces has exceeded 60, and their financing scale has exceeded 170 billion yuan.

Among the many new forces, Xiaopeng Automobile is also the new force that fired the "first shot" of financing. In early August 2018, Xiaopeng announced the completion of 4 billion yuan of B+ round financing, with Chunhua Capital, Morningside Capital and Xiaopeng Motor Chairman and CEO he Xiaopeng jointly leading the investment. With the integration of more and more car companies, there are more and more financing news.

Like the most financing NIO, there is no lack of Tencent, Shunwei, Baidu, JD.com figure, and Hillhouse Capital, Temasek, Sequoia Capital these investment giants have become the backers of Lulai capital. It was also announced recently that the Tencent subsidiary, which will issue $200 million in convertible notes, and Li Bin, CEO of NIO, subscribed for $100 million in principal on the day of the company's announcement.

However, under the national dividend, China's new energy vehicles have developed rapidly in recent years, but with the emergence of more and more enterprises, the state has also quickly pressed the "pause" button. In this regard, the new forces of car building are also facing an unprecedented catastrophe. At present, the total number of new car manufacturers that have established projects in China has exceeded 100, which even exceeds the number of bike brands in the hottest period of bike sharing in that year.

And each brand has its own sales target, even if each has only tens of thousands of units, the combined figure is too heavy for the domestic market to bear. Not to mention the transformation of many traditional enterprises around the world, as well as the entry of powerful new energy car companies like Tesla.

Nowadays, while the financing amount of many new car-building forces continues to rise, negative news such as arrears of wages, arrears, no actual action and so on also occur one after another. For example, the shutdown of the construction of the Xinte automobile plant, the suspension of production / arrears of wages of Changjiang cars, the suspension of production / arrears of wages at the future / singularity, and the frequent exposure of negative news such as Xiaopeng's promotion of new products to protect the rights of old users, and so on.

Therefore, building a car costs a lot of money, but it also requires strength. You can't build a car with hundreds of millions of dollars in financing. Even in the new energy veteran car company BYD, after the policy return, there has been a year-on-year decline in sales. Therefore, the current new car-building forces are in the middle and later stages of the industry reshuffle, and as soon as the end of this year, 90% or even 95% of the new car-building forces will be wiped out by the "big waves".

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