AutoBeta(AutoBeta.net)09/23 Report--

According to foreign media statistics, NIO, which is known as "Tesla of China", has been established for four years since 2015. However, in the past four years, the loss of Lulai has reached Tesla's cumulative loss of 15 years, about 5 billion US dollars.

After 4 years of development, there is not only no "hematopoietic function", but the loss is still continuing. Some analysts believe that Xilai will lose another 2.6 billion yuan ($369 million) in the second quarter, or about $4 million a day, bringing the company's cumulative loss since its inception in 2014 to about $5.7 billion.

According to the results of the first quarter of this year, the sales of Lulai was 1.5352 billion yuan, down 54.6% from the previous month, and the total revenue was 1.6312 billion yuan, down 52.5% from the previous quarter. The net loss was 2.6236 billion yuan.

In the face of losses, Li Bin also said: "NIO as a young company, it is impossible to say, you come up to earn a lot of money, unrealistic, Tesla lost 16 years, we only (start a business) more than 4 years." It's just like you can't ask a four-year-old to support a family. "

After the implementation of the new energy subsidy policy, the decline in sales of new energy vehicles for the first time in July has not abated, and the decline in sales in August has further expanded compared with the same period last year. According to the China Automobile Association, the production and sales of new energy vehicles completed 87000 and 85000 respectively in August, down 12.1% and 15.8% respectively from the same period last year. This year, car production and sales totaled 1.991 million and 1.958 million respectively, down 0.5 per cent and 6.9 per cent from the same period last year, while sales were less than 2 million, a trough over the years.

Total car sales made by new power in china are even rarer, with traffic insurance figures for august showing only 5091, accounting for only 0.4 per cent of domestic passenger car sales that month.

For NIO, although it is the car company with the most financing among the many new forces, the cumulative amount is more than 37 billion yuan. But building a car is a "money-burning" thing, and you still need to continue to look for financing when you can't make money on your own.

Increasing financial pressure has led Xilai to cut jobs and sell its fleet to save costs, and will cut its workforce to 7500 by the end of this month.

Accidents such as battery fires and smoke have forced Xilai to recall about 4800 vehicles, accounting for more than 20 per cent of total car sales. The car delivery volume of Xilai Motors also declined again in the second quarter compared with the first quarter.

In the second half of the year, Xilai will face not only many new power carmakers, but also a stronger rival, "authentic Tesla", which will start producing cars in China later this year and selling them in China at lower prices. When will the losses faced by Xilai stop?

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