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According to Qixinbao, shareholders of Hechuang Automotive Technology Co., Ltd. (hereinafter referred to as "Hechuang Automobile") have changed. Shanghai Ulai Automobile Co., Ltd. withdrew from the list of shareholders of the company, with 4.5% of its shares before withdrawal. At this point, the cooperation between Weilai Motor and GAC GROUP ends here. According to the data, the predecessor of Co-Chuang Automobile is
From Jianghuai "OEM" to now the two sides jointly set up a joint venture, which is dominated by Jianghuai Automobile, which means that the two sides will become "partners" in a new direction.
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.
On March 5, Xilai Motor announced the completion of another $235 million convertible bond financing project, invested by several non-related party Asian investment funds. The convertible bond will mature on March 5, 2021. Before the maturity of the bill, the holder of the bill has the right to convert all or part of the principal of the bill into Class A common shares. So far, Xilai Motor has completed a total of 435 million US dollars in convertible bond financing projects. Prior to this, Lai Motor announced on February 6 and February 14 respectively that it had completed US $100 million in convertible bond financing and a cumulative total of US $200 million in convertible bond financing. The problem of funding is still the current difficulty for the car company.
Huang Chendong, the emergency vice president in charge of the electric power engineering team, will leave, according to media reports. Weilai confirmed the news and said: "We are currently in the transition stage, and thank him very much for his contribution and contribution over the past few years." According to data, Huang Chendong is a Ph.D. in mechanical engineering from the University of Michigan, a former deputy general manager of the New Energy Division of SAIC, and one of the senior executives of Lulai Motor. Huang Chendong joined Weilai Automobile in March 2015 and has been in charge of core businesses such as vehicle development, intelligent driving technology research and development, and electric power engineering. October 2019, Huang Chen.
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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.
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.
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.
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.
Tesla, as an electric car company in the domestic market in the United States, has stabilized the local electric market since the continuous increase in sales. Nevertheless, as a new power of domestic car companies, Weilai also wants to enter the market "a piece of the pie." Recently, it has been reported that Weilai will also consider entering the US market.
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.
Recently, when participating in the CCTV "Dialogue" program, Li Bin, CEO of Xilai Automobile, refuted the rumors that recently circulated on the Internet about gambling between Weilai and Hefei, saying: it is true that the industrial guidance funds of Anhui and Hefei have invested in Lulai in 2020, which is very important to Yulai. But Weilai is also in 2.
Xiaopeng Motor has been approved by the Hong Kong Stock Exchange to go public and plans to raise $2 billion (13 billion yuan), Bloomberg reported. In response to the market news, Xiaopeng responded to the media: official news shall prevail and will not comment. In early March, media reported that Xiaopeng was working with Bank of America (BofA) and JP Morgan on listing plans, while ideal was working with Goldman Sachs (GS) and UBS (UBS), which are expected to complete their listings as early as the third quarter of this year, raising about $1 billion to $2 billion.
After the news of a loss of 40 billion yuan over the past four years, the company officially announced its results for the second quarter of 2019. According to the report, the revenue of Lulai Motor in the second quarter was 1.508 billion yuan, higher than the market expectation of 1.309 billion yuan. The net loss attributed to shareholders in the second quarter 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, of which the net loss in the first quarter reached 2.6236 billion yuan. Weilai began to deliver its first production car, ES8, in mid-2018, when.
According to previous media reports, Weilai may use the sub-brand to launch an entry-level model, which will be called "Gemini" in English and "Gemini" in Chinese. At the same time, a tender document for the related project was also exposed. from the exposed document, we can see that the document is a tender announcement for the flexible technical renovation project of the flexible technical renovation project of the production line of 60, 000 Gemini models in Jianghuai, which was released on May 10. It is worth noting that the tender documents show that the current tender project has been announced for the second time, and the release time is May 18. From the above bidding documents, the production of the brand-new model of Ulai.
Since the establishment of Ulai, sales have gradually increased, reaching a record high in 2019. However, according to the data that Xilai submitted its annual report to the US SEC a few days ago, the company's revenue loss expanded again, which means that the pace of loss has not been stopped.
According to the national enterprise credit information publicity system, because "the registered domicile or place of business cannot be contacted", Lulai Automotive Technology Co., Ltd. has been listed in the list of business anomalies by the Beijing Economic and technological Development Zone Branch of the Beijing Municipal Market Supervision Administration.
On October 19th, Jianghuai Automobile announced that the company intends to transfer some of its assets through public listing, involving the inventory of the three factories of the passenger car company, fixed assets, projects under construction, buildings, land use rights and Xinqiao factory structures and equipment assets of the passenger car company, with a proposed listing price of 4.498 billion.
On May 8, Weilai Motor opened its official Weibo and Douyin accounts called "Weilai legal Department" on the social platform. The two accounts have not yet been verified or released. In response to the opening of the "Weilai legal Department" by Weilai Automobile, Shen Fei, president of Weilai Automobile, also said in a post on Weibo: friendly forces come.
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
New appointment! A car company's personnel adjustment
Starting from 146,000 yuan ! Linker Z20 pre-sale
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