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Weilai shares fell sharply after listing on the New York Stock Exchange. Us stocks closed yesterday, and Weilai shares continued to fall, falling more than 6 per cent, closing at $4.45, setting a new low since listing. Within a month, the share price of Xilai reached a peak of $10.64. In the highly competitive market environment, Weilai early delivered an unsatisfactory financial report, low delivery volume and serious performance losses, resulting in a certain impact on the stock price. In the face of the decline of national policy subsidies for new energy vehicles, new energy vehicle enterprises are facing operating pressure and market tests, especially the new forces of car-building, have not yet found room for profit.
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.
A rumor triggered a sharp change in the share price of Weilai. On the evening of Sept. 25, it was rumored that Xilai was considering raising about $3 billion (21.9 billion yuan) because of widening losses and had contacted investors from the Middle East. Financing is likely to take place in the first half of next year and negotiations are still under way. Receive
According to media reports, Xilai Motor has announced that it will hold a conference call on second-quarter results at 20:00 Beijing time on Wednesday. Yesterday, after announcing the second-quarter results, Weilai cancelled the financial report meeting. Xilai Motor responded to the media, "the conference call is generally a supplement to the quarterly report, which we think fully covers the information that needs to be disclosed at present." If other important matters occur in the company, it will be disclosed again in the form of public announcement. " In the second quarter of 2019, revenue was 1.5086 billion yuan, down 7.5% from the previous month, while the net loss attributable to shareholders was 3.2858 billion yuan, compared with a loss of 6.11 billion in the same period last year.
As of March 7, US Eastern time, shares of Xilai Motor fell to $7.09, down 11.49% from the previous trading day and 30.22% in two days. The continuous decline in share prices is related to the results announced earlier by Xilai. According to the latest financial report from Xilai, the net loss of Weilai reached 9.639 billion yuan in 2018, and the delivery of new ES8 cars will also decline in the first quarter. According to Xilai, ES8 deliveries from January to February 2019 were 1805 and 811, respectively, and it is expected to deliver between 3500 and 3800 in the first quarter. In addition, its revenue will decline in the first quarter.
The automobile industry has ushered in a historic moment. The market capitalization of the newly built car company "Lulai Automobile", which has been established only five years ago, has surpassed BYD to become the most valuable car company in China. On Nov. 27, U. S. stocks closed at $54, bringing the total market capitalization to $72.84 billion (479.7 billion yuan). You know, the share price of Weilai fell to more than $1 last year, and now it has become the most eye-catching carmaker except Tesla. Meanwhile, BYD shares fell after opening on Nov. 30, down 1.55% in intraday trading, with a total market capitalization of 467.631 billion yuan. Therefore, the current market capitalization of Weilai.
Weilai Motor released its latest financial results, which showed that its total revenue in 2018 was 4.9512 billion yuan and its net loss was 9.639 billion yuan. In terms of sales volume, Xilai delivered a total of 11348 ES8 vehicles throughout the year. At the same time, Xie Dongzhong, chief financial officer of Lulai, forecast revenue and sales in the first quarter of 2019. Delivery of the ES8 in the first quarter of 2019 may be 3500 to 3800 vehicles, a decrease of about 56.1% to 52.4% compared with the fourth quarter of 2018. In terms of revenue, the total is expected in the first quarter of 2019.
U. S. stocks closed down sharply at 16:00 est, wiping more than $700 billion off the market value. The new car-building force that has attracted much attention in the automobile field, Xilai Motors, also fell significantly. As of the close, Lulai Motor was trading at US $2.95, and its share price fell-9.79% in a single day. Before the opening of US stocks on that day, Xilai announced its plan to "cut expenditure" because of continued losses and difficulties. According to a number of former employees of Xilai Automobile, the company is laying off staff one after another. One of the former employees said he had just over 8400 employees at the end of July. Then, Weilai.
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.
During the announcement of second-quarter results, Weilai suddenly cancelled its earnings conference call. On that day, Weilai's shares fell sharply, hitting a record low of $1.97. U.S. stocks closed at 5 a.m. on Sept. 26, and Weilai shares closed at $2.05. On September 25, Xilai announced that it would hold a second-quarter earnings conference at 20:00 Beijing time. Weilai management responded to external news and problems, including losses, layoffs, future development plans, and so on. Weilai second quarter financial report shows that the revenue is 1.508 billion yuan, higher than the market expectation of 1.309 billion yuan; the second quarter belongs to shareholders.
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.
On May 6, Xilai issued an announcement announcing that it had obtained a conditional listing qualification letter from the Singapore Stock Exchange for a secondary listing on the main board and would issue listing documents this month. According to the announcement, Weilai will introduce the listing, which does not involve the issuance of new shares and fund-raising. The Class A shares listed on the Singapore Exchange can
After a rare seven consecutive falls in the stock price of Xilai, it finally rebounded and surged by more than 20% to close at $159. As the head of the new car-building power in China, Weilai Automobile has attracted much attention. The u.s. stock market closed down sharply on Wednesday, with the Dow down nearly 500 points, while Chinese stocks were mixed, with Weilai rising 20.45% against the trend. As audience analysts were bearish, Robin Zhu, an analyst at investment firm Bernstein, took the lead in cutting the target price of Lulai by nearly 50% to 90 cents. And the second-quarter results released by Ulai show that 2019.
On March 10, Ulai was officially listed for trading on the Hong Kong Stock Exchange under the symbol "9866" with an opening price of HK $160. at one point, it hit a high of HK $169.5 per share, with a market capitalization of more than HK $280 billion at one time. As of today's close, Hong Kong shares fell 0.69 per cent to HK $158.9 per share, with a total market capitalization of HK $265.2 billion, ranking second among domestic car companies after BYD. According to previous reports, Lailai issued a notice on February 28 to announce that it had been heard by the HKEx and approved in principle the secondary listing on the main board of the HKEx, and the relevant listing documents had been issued. Wei came to adopt.
It can be said that earth-shaking changes have taken place in 2019 compared with that in 2020. When Weilai suffered huge losses in 2019, founder Li Bin was named "the worst person in 2019", and netizens once commented "as early as this year and as late as next year". However, after entering 2020, even under the epidemic and market competition, Weilai's sales and stock prices continued to grow, handing over a completely different answer. Looking back in 2019, the company was in a financial emergency, and its share price plummeted under the influence of negative news such as product spontaneous combustion, layoffs and executive departures. In 2019, 10.
According to Bloomberg, the listing of Xilai Motor in Hong Kong may be postponed until next year. According to people familiar with the matter, it is "unlikely to land on the Hong Kong Stock Exchange" before 2022, mainly because it was questioned about its structure by the Hong Kong Stock Exchange. the inquiry included a user trust fund set up by the company in 2019. It is understood that in 2018, Weilai went to the New York Stock Exchange and listed on the New York Stock Exchange. Li Bin, CEO of Lailai, said in an open letter that after long consideration, he would transfer 1/3 of his shares, that is, 50 million shares, to the trust fund.
After announcing its 2018 revenue, the important news is that it has cancelled the plan to build its own plant in Jiading, Shanghai, which was signed in 2017, which means that it will continue to follow the contract manufacturing mode, while it is currently working with Jianghuai to produce the ES8. In addition to Jianghuai, Weilai also has a lot of cooperation with other car companies, including Guangqi Weilai established a joint venture new energy vehicle company at the end of 2017. Recently, Chairman GAC GROUP revealed that the cooperation with Xilai Automobile will include common car production. Outsiders have speculated that GAC may be the second contract manufacturer, but soon to Ullai.
Great Wall Automobile is unexpectedly surpassed by new power car companies, and ideal Automobile has become the second car company in China by market capitalization. The latest market capitalization list shows that at present, the largest car company in China is still BYD, which ranks first with a market capitalization of 738.44 billion yuan, followed by the new power car company ideal Automobile, whose latest market capitalization is 2144.35.
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, Weilai made a cumulative loss of 5.9086 billion yuan.
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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