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  "do what needs to be done", Weilai's share price fell 5.48%.

  Recently, the official response to the news that Weilai is making layoffs is that online remarks about massive layoffs at Weilai are pure fabrication, and its company is indeed doing local optimization, but the aim is to improve operational efficiency. There are no significant layoffs, which is what Weilai should do at this stage. Affected by media reports of layoffs, NIO's US stock fell as much as 7.78 per cent on Aug. 1 and fell 5.48 per cent to $3.28at the close. Behind the layoffs, the financial situation of Xilai Motor is not optimistic, its company has been for three consecutive quarters.

  Weilai stock price 2019-08-03
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  The share price of Xilai car plummeted, Internet car-making ushered in crisis and nightmare

  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.

  The share price of Weilai fell and Weilai made a loss. 2019-10-01
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  Xilai Motor Silicon Valley laid off staff again this year, involving every department.

  It seems that not long after the incident of layoffs, it has been reported by foreign media that Weilai Motor has just implemented another layoff for American employees this year. The change will fire 62 employees at the company's Silicon Valley office in San Jose, California, according to a document from the California Department of Employment Development. According to JoAnn Yamani, head of North American public relations at Weilai, this round of layoffs is part of the company's "optimization efforts", but will involve various departments. At present, Xilai's business in the United States is mainly focused on R & D and engineering. This layoff has been carried out in the United States this year.

  Layoffs cars Weilai 2019-09-13
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  Li Bin responded for the first time to the rumors of layoffs in Xilai Automobile.

  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).

  2019-08-16
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  Weilai stock price plummeted, conference call was cancelled and resumed.

  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.

  Weilai reported losses Weilai's latest stock price Weilai teleconference 2019-09-25
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  With heavy losses and new low stock prices, Weilai invested money to open nine new stores.

  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.

  The share price of Weilai fell and Weilai lost money. 2019-09-29
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  Another independent brand is facing the fate of elimination, and Lifan's sales have plummeted and lost money.

  After the collapse in sales and losses in performance, Lifan is now in deep trouble. According to the May production and sales KuaiBao announcement issued by Lifan, production of Lifan traditional passenger cars fell 87 per cent in May to 1066 vehicles from a year earlier, with a cumulative total of 16335 vehicles from January to May, down 62 per cent from a year earlier. In terms of sales, 1024 vehicles were actually sold in May, down 86.6% from a year earlier, while 19683 vehicles were sold in the previous month, down 57% from a year earlier. Sales of new energy vehicles were even lower, with sales of 108 vehicles in May, down 64.24% from a year earlier, with sales of only 1011 vehicles from January to May. You know, the sales of Lifan new energy vehicles can reach in 2018.

  Car sales volume 2019-06-16
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  There's no money again! FF shares plummeted 50%

  On Sept. 28, Faraday Future (Faraday Future) shares closed down 44.31%, the latest share price at $1.37, the market capitalization fell below the $30 million mark, the lowest since the Nasdaq IPO closed in July 2021. Faraday's Future Proclamation, August 17

  Faraday Faraday share price market company market capitalization ordinary automobile user issuance common stock shareholder capital transaction partnership 2023-09-29
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  Zhou Hongyi: we Internet people will certainly be able to build cars, but it will waste a lot of money

  Zhou Hongyi: we Internet people will certainly be able to build cars, but it will waste a lot of money

  Zhou Hongyi 2021-07-09
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  Weilai lost 5 billion US dollars in 4 years, which is equivalent to Tesla's 15-year cumulative loss.

  According to foreign media statistics, NIO, which is known as "Tesla of China", has been established for four years since 2015. However, over 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 Weilai Automobile.

  Xilai Automobile loss 5 billion US dollars Tesla 2019-09-23
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  Tesla continues to plummet!

  When American stocks opened on February 23rd, Tesla's share price fell by more than 13% at one point, and then quickly rebounded. As of the day's close, Tesla fell 2.19% to US $698.84 per share, with a total market capitalization of US $670.784 billion. It is worth mentioning that this is the fourth consecutive trading day that Tesla has declined. Entering 2021, Tesla stock price trend can be said to be ups and downs. In January, Tesla's share price continued its 2020 growth trend, reaching as high as $900.40 per share, an increase of 12.45 per cent. In February, Tesla's share price fluctuated continuously.

  Tesla 2021-02-24
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  Weilai will hold NIO Day at the end of December and launch a brand new model.

  On November 29th, Xilai officially announced that the 2019 NIO Day will be held in Shenzhen on December 28, and said it will release a new model. Officials have not disclosed any information about the new car. Although there is no official information about the new car, some industry insiders say the new car is an all-electric car unveiled at the Shanghai auto show, the Lulai ET. Judging from the previously released pictures, the new car is positioned as a four-door sedan with a hatchback design and is expected to carry the newly developed carbon fiber shell battery pack technology. However, some people in the industry believe that since it is a brand new model, the official should not.

  Weilai 2019-11-29
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  Evergrande resumed its license, plummeting by 60%.

  After 323 days of suspension, Evergrande finally announced the resumption of trading, becoming the first "Evergrande" company to resume trading, and it "lived up to expectations", as the market expected, its share price plummeted on the first day, closing down 61.25% to close at HK $1.24 per share, with a total market capitalization of only HK $13.44 billion.

  Evergrande car Hong Kong dollar loss resumption of trading company market capitalization business target stock price model group maximum production and marketing debt 2023-07-30
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  2022! Tesla plummeted

  Tesla has cut prices sharply, but its share price has fallen even more. Since 2022, Tesla's market capitalization has lost about $675 billion (about 4.7 trillion yuan). The decline for the whole year is twice that of the NASDAQ, the worst-performing technology stock in the United States in 2022, and its decline is also much higher than that of other automobile systems.

  Tex Tesla Automobile Stock Price Mars Musk Market capitalization decline Company Global Factory growth reason domestic Stock Market 2023-01-08
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  Weilai lost another 4 billion!

  On March 25, Xilai released its 2021 results. According to the financial report, the total revenue of Lulai Automobile in 2021 was 36.1364 billion yuan, an increase of 122.3 percent over the same period last year, of which car sales were 33.1697 billion yuan, an increase of 118.5 percent over the same period last year. The net loss of Weilai in 2021 was 4.0169 billion yuan, down 24.3% from the same period last year. In 2021, the net loss of ordinary shareholders belonging to Weilai was 10.5723 billion yuan, an increase of 88.4% over the same period last year. In addition, the gross profit in 2021 is 6.8214 billion yuan, the gross profit margin is 18.9%, and the gross profit margin for cars is 20.1%. Of the new power car company.

  Weilai 2022-03-25
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  Great Wall wants to buy Jaguar Land Rover and is in talks with India's Tata Motors.

  Last year, Jaguar Land Rover lost more than $4 billion in a quarter, when it was rumored that Great Wall was in talks with Tata Motors to acquire Jaguar Land Rover. In the third quarter of 2019 (October-December 2018), Jaguar Land Rover lost $4.06 billion on revenue of $8.06 billion, prompting Tata Motors to make the biggest loss in Indian corporate history. In the face of losses and for future projects not to stagnate, Jaguar Land Rover announced plans to raise $1 billion. Jaguar Land Rover's sales and revenue plummeted last year, and Jaguar Land Rover has gone from Tata Motors' profit cow to a hot potato.

  Global SUV Global 2019-02-13
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  Bad report card! Weilai made a huge loss.

  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.

  Sales volume growth sales products market second quarter gross margin brand selling price Li Bin mobile phone gross profit margin expense model cost 2023-08-30
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  The third production car of Xilai has been announced, which will be unveiled on NIO Day on December 28th.

  Xilai has officially released a preview of its third production car, which will be unveiled at NIO Day in Shenzhen on December 28th. According to the news, the new car will be the ES6 Coupe version of Xilai. ES8 announced the listing of NIO Day in December 2017 and delivery began in June 2018. The second production car, the ES6, was launched at NIO Day in December 2018 and delivered to users in June 2019. According to the next schedule, delivery of the ES6 Coupe version is expected to begin in mid-2020. Data show that in November 2019, Wei to achieve delivery volume of 2528.

  Weilai ES6 2019-12-12
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  Jaguar Land Rover lost $4.06 billion in the third quarter, and Tata Motors posted the biggest loss in history.

  Sales of Jaguar Land Rover have skyrocketed since it was acquired by India's Tata Motors in 2008, and Tata Motors, the parent company, has made a lot of money, and Jaguar Land Rover has long become a profit cow for Tata Motors. Last year, however, Jaguar Land Rover's annual sales in China, the world's largest single market, plunged 21.6 per cent, a decline that must have affected its revenue, prompting Tata Motors to record the biggest loss in Indian corporate history. On February 7, India's Tata Motors released after-hours results for the third quarter of 2019 (October-December 2018).

  Automobile 2019-02-10
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  More than a dozen large car companies lost money, and this one lost 60 billion in half a year.

  Due to the impact of the COVID-19 epidemic, global automakers experienced a dismal first half of the year, resulting in a sharp decline in sales, operating income and profits, and even into a loss-making state of operation. According to incomplete statistics, more than a dozen automakers have reported losses in the first half of 2020, including Volkswagen, Renault, Nissan, General Motors, Volvo, Daimler and so on. Volkswagen Group: loss 11.5 billion July 30 Volkswagen Group announced results for the first half of 2020: sales revenue of Volkswagen Group was 96.1 billion euros, down 23.2% from the same period last year; pre-tax profit loss was 1.4 billion euros (about people.

  Automobile market automobile brand 2020-08-01