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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.
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.
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.
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.
Since entered 2020, under the environment of improving sales and performance, the share price of Xilai Motor has continued to climb. By yesterday, the latest closing price of US stocks rose 19.17% to 20.44 yuan, with a market capitalization of US $24.2 billion, setting a new all-time high.
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.
A term about the response of Xilai car to being shorted by a grizzly bear went viral on Weibo today. It is understood that a report released yesterday by Grizzly Research, a US short seller, pointed out that Xilai Automobile achieved this by exaggerating its income and net profit margin by means of accounting.
Recently, at the 2021 China Automobile Forum in Chongqing, the media asked "will Weilai and other giants be slapped to death on the beach by giants such as Apple and Baidu?" Li Bin said that building a car or starting a business is a marathon, and the automobile industry is a marathon on a muddy road, competing with itself all the time. Li Bin said that running a marathon is different from running 100 meters. Running a marathon should think about how to master the rhythm, how to think about the whole process for a long time, and how to think about it thoroughly. Weilai has experienced a lot of things in more than 6 years since its establishment. Weilai must have learned a lot now, and the possibility of sudden death is similar to that of sudden death.
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
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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.
In the past year, under the impact of the epidemic in the automobile market and stock competition, the three major domestic car brands are indeed "impressive." in particular, Lulai Motors is highly sought after in the capital market, and its share price has risen more than 10 times in the past year. the current market capitalization is US $88.6 billion, ahead of established car companies such as BMW and Daimler as new energy car brands. At present, the average price in the market is about 400000 yuan, while Tesla has reduced the price from more than 400,000 yuan to more than 200,000 yuan, Li Bin, CEO of Xilai, said on a CCTV interview program on Feb. 6. At first, Tesla's price reduction did have an impact on Weilai's sales.
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.
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.
Following the export of domestic Tesla Model 3 to Europe, autonomous cars are going to start overseas sales plans. November 2 media news, Weilai is planning to build a sea division, the internal code is tentatively designated as "Marco Polo Plan", its models will be sold to Europe. People close to Lulai have revealed that the first overseas NIO House may land in Copenhagen, Denmark. Another person close to Weilai said that Weilai already has an export business team, has recently deployed a lot of personnel, and plans to sell 7000 ES8 and ES6 models locally in two years. At the same time, the above-mentioned people also said that Weilai export.
Last night, Xilai released its 2022 results to the public. Due to the lower-than-expected results, Ulai US stocks fell 5.96% overnight, while Hong Kong stocks fell 11.95%. According to the financial report, a total of 122486 new cars were delivered in 2022, an increase of 34.0% over the same period last year.
As the representative of the new power of car-building, Lai Automobile has attracted the attention of the industry from its founding to the launch of the first model, and it is even known as the "Chinese version of Tesla" in China. However, recent days seem to have had a bad time, with poor performance, falling sales and falling stocks. Recently, some users pointed out that the lucky draw made by Weilai and Lei Jun has been delayed, causing Weilai's credibility to be questioned again. On the evening of Sept. 18, Weibo user @ Golden left foot on Greengrass posted a message that he forwarded Lei Jun Weibo and picked up a Lulai ES6, which has not yet been realized. The user said he had given a lot of time.
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.
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.
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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