AutoBeta(AutoBeta.net)09/25 Report--

After the announcement of its second-quarter results, Ulay's shares fell sharply, closing at US $2.17 today. Affected by a 3.285 billion loss in the second quarter, the market slumped to an all-time low today, and then announced that it would cancel the scheduled earnings call.

According to the second-quarter results, Lulai Motor achieved revenue of 1.508 billion yuan in the second quarter, higher than the market expectation of 1.309 billion yuan. In the second quarter, the net loss attributed to shareholders was 3.285 billion yuan, higher than the market expectation of 2.944 billion yuan, compared with a loss of 6.11 billion yuan in the same period last year.

In the first half of 2019, NIO made a cumulative loss of 5.9086 billion yuan, of which the net loss in the first quarter reached 2.6236 billion yuan. According to statistics, the loss in the past four years has exceeded 40 billion yuan.

Under the influence of the recall and public opinion, the low sales of Lulai cars led to the difficulties of the company's large-scale expansion and had to cut expenses and implement layoffs. Li Bin, CEO of Xilai Motor, said: "as of August 31, 2019, the total delivery volume has reached 21670. By the end of the third quarter, the total global workforce will be reduced to about 7800 from more than 9900 in January 2019, and further business streamlining will be achieved through further restructuring and divestiture of some non-core businesses by the end of the year. "

Financing pressure. The "crazy money burning" model of Wei Lai has put more and more pressure on its funds, but now with the fade of the boom and policy changes, great changes have taken place in the capital environment, and investors have become extremely cautious about the investment projects of building cars on the Internet. NIO has difficulties in financing.

NIO delivered 3989 new cars in the first quarter and 3553 in the second quarter. NIO expects to deliver between 4200 and 4400 vehicles in the third quarter.

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