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Today, Xilai officially announced that the latest quarterly results will be released before the US stock market opens on December 30, 2019 (the evening of December 30, Beijing time), the third quarter of 2019 will be released, and a conference call will be held immediately.
After the announcement of the second-quarter results, the share price of Lulai Motor fell sharply to close at $2.17 today. Affected by a loss of 3.285 billion in the second quarter, the market slumped today and hit a record low of $1.97. for unknown reasons, Xilai announced the cancellation of the scheduled earnings call, saying that more news would be released in the form of announcements, which was very rare after the financial reports of listed companies were released, which was generally questioned by the market reaction. This morning, Xilai Motor again decided to announce that it would hold a conference call on second-quarter results at 20:00 Beijing time. At the time of this release, the conference call was being held, followed by some transcripts. The second quarter results show.
Shares of NIO continued to fall to an all-time low of $1.56 at the close of trading on Oct. 1, with a total market capitalization of just $1.639 billion. The share price of Weilai has fallen nearly 50% from its closing price of 3.04 on Sept. 20, and the total market value has lost more than $1.5 billion in ten days. On September 13, 2018, Xilai Motor listed on the New York Stock Exchange, becoming the first Chinese electric vehicle to be listed in the United States under the symbol NIO, with an offering price of US $6.26 per share and a total market capitalization of US $6.313 billion. The share price of Weilai soared after the IPO, reaching as high as $13.8 a share. However, the year of listing.
After a huge loss, the company continued to expand, and officials announced the opening of nine more stores during the National Day holiday, including one NIO House and eight NIO Space. NIO Space has a smaller scale and less investment than NIO House, and its main function is to sell cars. NIO House has a huge investment and is laid out in the core business district of first-tier cities, while NIO Space is mainly concentrated in small and medium-sized cities, expanding the sales channels of Weilai. It is understood that the area of NIO Space is smaller, most of the individual store area is 100-200m2, and the cost is lower.
Since the announcement of the results, the share price of Xilai has continued to fall. NIO shares closed down 4.32% at $1.550 a share on Oct. 8, with an intraday low of less than $1.50, with a total market capitalization of $1.629 billion. Compared with its debut on the New York Stock Exchange a year ago, the highest share price has gone to $13.80, and its market capitalization has shrunk by 87% since it exceeded $13 billion at one point. Not long ago, analysts at investment firm Bernstein pointed out in a report that Xilai may run out of cash in a few weeks, and the target will come.
At the NIO DAY 2022 media conference, Li Bin, founder of Lulai Motor, once again responded to the theft and extortion of user data. Li Bin said: firmly do not compromise with criminals, do not make a precedent for compensation, even if the company goes bankrupt, it will not compromise. Li Bin said the company had reported the case. "
On September 21, at NIO IN 2023 Lai Innovation and Technology Day, NIO Phone officially released and announced the price of the new phone. There are three versions of the new phone, the price is 6499-7499 yuan, and part of the payment is supported. It will be on sale from now on, and will be available one after another from September 28.
Several climate and environmental groups, including Greenpeace and Germany's Umwelthilfe, have called on automakers to stop producing and selling SUV cars as part of a campaign to curb environmental pollution in the auto industry, Reuters reported. On the eve of the Frankfurt Motor Show, the climate and environmental group said at a news conference that automakers should stop developing large, heavy and internal combustion engines. "as long as SUVs, rather than small electric vehicles, dominate car transport, cars will remain a concern for climate activists in the United States." The federation said. Volkswagen CEO Dis agreed to meet on Monday night.
Without accident, Weilai lost a huge amount of money again! Before the US stock market opened on August 29th, Xilai officially released its results for the second quarter of 2023, and a bad financial report card was released to the public. According to the financial report, the revenue of Weilai in the second quarter was 8.772 billion yuan, down 14.8% from the same period last year and 17.8% from the previous month.
At this year's NIO Day 2019 launch, Xilai unveiled its third production car, the SUV EC6. The new car will be available in two versions, but the price will still have to be announced in July and delivery will begin in September. The new car will directly mark Tesla Model Y, which goes on sale next year, so Li Bin, CE0 of Lailai, said frankly, "Please allow us to retain some market flexibility."
According to several sources at the top of the company, Xie Dongzhong, chief financial officer (CFO) of Lulai Automobile, will leave office in the near future. According to people familiar with the matter, Chief Financial Officer (CFO) Xie Dongzhong is likely to work until the 30th of this month. However, to this news, the public relations staff of Xilai automobile responded that they had not received the relevant news yet. It is understood that Xie Dongqin joined Xilai Automobile in May 2017 and took up the position of CFO, responsible for the financing and listing projects of Lulai Automobile, reporting directly to Li Bin, Chairman and CEO of Xilai Automobile. There are two financial directors of Lulai Automobile. One is Wang Dongning, vice president of financial affairs of Lulai Automobile, and Ning is in charge of Lulai.
According to the plan, "NIO Berlin" will be held in Berlin, Germany at 0: 00 Beijing time on October 8, and three models of ET7, ET5 and ES7 will be released to the European market. It is worth mentioning that Weilai quietly renamed the ES7 model to "EL7", and the market speculated
The three major domestic car brands Xiaopeng Automobile, ideal Automobile and Ulay Motor announced their third-quarter financial data, which is also the first financial report since Xiaopeng Automobile and ideal Automobile went public. On November 17, Xilai released its third-quarter financial report, showing that the total operating income during the reporting period was 4.526 billion yuan, an increase of 146.4% over the same period last year. The net loss of shareholders belonging to listed companies was 1.188 billion yuan, down 53.5% from the same period last year. The gross profit margin in the third quarter was 12.9%, compared with-12.1% in the same period last year. At present, three models of ES8, ES6 and EC6 have been launched, and the overall sales volume continues to rise. Third.
"Global business" is the major direction of the development of new forces and new energy car companies in China in recent years. As one of the new forces in domestic car building, Lulai announced its entry into the Norwegian market in May 2021. In September of the same year, ES8 was officially listed in Norway and started user delivery. In December, in Weilai NI
At the 2019 New Energy vehicle Consumer Forum held today, Li Bin, founder and chairman of Xilai, responded to rumors of layoffs for the first time. In addition, Li Bin also explained the questions raised by the outside world about the amount of money spent on NIO Day. Previously, because of continued losses and difficulties, Xilai announced a "cost-cutting" plan. It was also revealed by a number of former employees of Xilai that it was laying off staff one after another. One former employee said there were about 8400 employees in the company at the end of July. This figure is lower than the number of employees disclosed by Li Bin, CEO of Xilai Automobile, in March this year (about 9800).
On the evening of December 28th, Weilai held its annual NIO Day conference, and the new ES8 and EC6 sedan SUV were released, which began delivery in April and September 2020, respectively. At the same time, the price of the 100kwh battery pack was announced, which increased the NEDC mileage of ES8 to 580km to exceed 600km. In response to the current problems and development of Weilai, Chairman Li Bin made a response. When talking about why he chose the high-end automobile field, Li Bin said, "in a market of more than 100,000 yuan, many Chinese brands have done very well, and there is no shortage of us, high in the mainstream."
On November 3rd, Li Bin, chairman and CEO of Xilai Automobile, issued a full letter to the employees of Xilai, confirming that it would cut about 10 per cent of its jobs, and that the specific adjustment would be completed in November. Li Bin said in the letter that the company will ensure long-term investment in core key technologies and maintain the leading edge of technology and products.
Wei Lai, something happened again! On March 3, a netizen named "did you pull the ice cream today" revealed on social media that in his first month, a male colleague of the company sneaked into his room late at night and tried to rape him. After a two-hour battle of wits, the other side finally failed, and
On the evening of Aug. 14, the news that Lin Wenqin, founder of Meiyi good Brand Management Company, died in an accident in an ES8 car triggered a heated debate in the car circle, and there was a heated discussion about "whether car companies over-promote assistant driving". After the incident, some media found that at present, both ideal car and Xiaopeng Automobile have modified the description of the auxiliary driving system on the official website, deleting the words "advanced" and "automatic". According to the official website of ideal Automobile, the ideal driving assist system is called "ideal AD driving Assistance system", while the word "Advanced" has been deleted from the previous "ideal AD Advanced driver Assistance system".
Some time ago, Lin Wenqin, founder of a well-known brand, was killed in a car accident because of Weilai's "autopilot", which once again pushed Weilai to the best part of public opinion. After the accident, many netizens questioned whether there was over-publicity in Lulai and whether there were problems with NOP autopilot. However, there has been no substantial progress in this incident so far, and we can only wait for the latest notification from the relevant departments. Although the incident has not yet been concluded, the discussion about "autopilot" on the Internet has also reached a certain height. After this incident, ideal car and Xiaopeng car repair their auxiliary driving system one after another.
Heavy! The National Development and Reform Commission plans to relax car purchase restrictions and increase license plate indicators in an all-round way
China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
2019-04-17 17:36:07Details
All of a sudden! A Tesla in Dongguan was suspected of getting out of control and crashed into multiple cars and destroyed the shop door.
A # Tesla suspected of getting out of control and crashing into multiple cars crashed into the store door # news quickly rushed to the hot search list of Weibo. According to electric shock news and other media reports, on March 4, a Tesla was suspected to be out of control in a traffic accident in Chigang, Humen, Dongguan, Guangdong. After crashing into a BMW, he crushed a Toyota under the car and ended up with a shop facing the street.
2023-03-04 16:56:32Details
The latest delivery list of new forces, Wei Xiaoli dropped by double digits compared with the previous month.
On August 1, the new power brands NIO, Xiaopeng, ideal, Nezha and Zero announced the latest monthly delivery results. According to the ranking of the "Tramway report", the delivery volume of mainstream new power brands was more than 10,000 in July, of which the best performance was Nashi, with 14036 cars, followed by zero-running cars.
2022-08-02 10:28:37Details
Another independent brand was born. Hanlong's first model is "domestic range Rover"?
The Zhongtai version of the "domestic range Rover" has been published for nearly two years since the real car was exposed, and there has been no news of mass production and listing. Now the car has finally been officially unveiled, but it will not be launched as the infamous Zhongtai Motors. It belongs to the new brand "Hanlong Automobile". Hubei Daye Hanlong Automobile Co., Ltd. was established in January 2016 and is headquartered in Daye City, Hubei Province, according to official data. It is a modern new energy automobile parts manufacturing enterprise integrating new energy vehicle design, development, manufacturing, sales and after-sales service. it is also a professional system of automobile engine products, spare parts supporting system products and automobile maintenance.
2019-08-29 11:29:05Details
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