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On May 22nd, BYD announced that its holding subsidiary BYD Automotive Industry Co., Ltd. had received a national new energy vehicle promotion subsidy of about 3.458 billion yuan from Shenzhen Pingshan District Finance Bureau, of which the new energy vehicle subsidy settlement and supplementary settlement fund was about 3.126 billion yuan in 2016 and 332 million yuan in 2017. BYD said that the receipt of the national new energy vehicle promotion subsidy will increase the group's capital flow, reduce interest payments, reduce financial expenses, and have a positive impact on the group's assets and debts. The first quarter of 2019.
On the afternoon of June 22, Ren Zhengfei shared an article entitled "the whole company's business policy should shift from the pursuit of scale to the pursuit of profit and cash flow" in Huawei's internal forum. Ren Zhengfei mentioned in the article that with the decline of global consumption power, Huawei should change its thinking and business policy from the pursuit of scale to the pursuit of profit.
According to data, the installed capacity of power batteries from January to October this year was 46.28GWh, an increase of 33.2% over the same period last year. Among them, Bick battery ranks among the top 10 in the domestic power battery list with the installed capacity of 557MWh. However, even the current situation of the power battery company is hardly optimistic, and a number of companies have sought debt from Bic Battery. On November 6, Rongbai Technology announced that the overdue accounts of Bick Power exceeded 206 million yuan, which may not be recoverable. On November 7, Dangsheng Technology announced that the balance of accounts receivable in Shenzhen Bic and Zhengzhou Bic totaled 378 million yuan, which could not be recovered.
Recently, Zhongtai Motor released its third quarter results of this year. According to the data, Zhongtai Motor's operating income in the third quarter was 161 million yuan, down 14.46% from the same period last year. In the first three quarters of this year, Zhongtai Motor's cumulative revenue was 532 million yuan, an increase of 9.45% over the same period last year, with a net profit loss of 1.6% in the third quarter.
According to media reports, the production line transformation plan launched by Tesla's Shanghai factory in July is nearing completion. Among them, the second phase of the production line responsible for the production of Model Y was completed on July 16, and the first phase of the production line for the production of Model 3 began on July 17 and is expected to be completed on August 7.
On May 8th, Lucid, the new force of American car building, announced its results for the first quarter of 2023. According to the financial report, the revenue in the first quarter was 149.4 million US dollars. Although the revenue in the first quarter increased compared with the same period last year, it was lower than the earlier market expectation of 197.8 million US dollars.
Tesla released its results for the second quarter of 2019 on July 25, with record delivery data and improved losses. According to the financial report, Tesla realized revenue of $6.35 billion in the second quarter, up from $4 billion in the same period last year, and realized a net loss of $408 million (about RMB 2.8 billion). Compared with the same period last year, the loss was $718 million in the same period last year. the loss in the first quarter was $702 million. Tesla also said that as a result of this growth and operational improvement, it generated a free cash flow of $614 million in the second quarter (operating cash flow minus capital expenditure.
On May 14, Mazda released its fiscal year 2019 results report (April 1, 2019-March 31, 2020). According to the report, Mazda achieved revenue of 3.4303 trillion yen, down 4 per cent from a year earlier, while realized profit was 43.6 billion yen, down 47 per cent from a year earlier. In terms of cash flow, as of March 31, Mazda's cash flow was-92.7 billion yen. The last fiscal year was Mazda's lowest profit in nearly eight years, nearly halving from the previous year. As for the reasons for the decline in revenue and profits, Mazda said it was mainly due to the low demand in the automobile market caused by the spread of the COVID-19 epidemic. For 2020 dollars.
Zhengtong Automobile Group, a giant of Chinese car dealers and one of the core dealers of luxury brands, is facing financial difficulties. Many of its dealers have been repeatedly exposed that it is difficult to pick up cars, but consumers are unable to pay for cars. Procrastinate again and again. This time, it was revealed that there was a problem with China Auto South, which is owned by Zhengtong Automobile. According to recent media reports, Mr. Wang spent 320000 yuan on June 13 to buy a Jaguar XFL2.0 in Haikou "Hainan China Automobile South Automobile sales and Service Co., Ltd.". After signing the purchase contract, the 4S store promised that the final delivery time would be July 28, but Mr. Wang did not.
Evergrande's report card has finally been made public! On the evening of July 26, Evergrande issued three consecutive performance reports, including the results for the year ended December 31, 2021, the results for the year ended June 30, 2022, and the results for the year ended December 31, 2022. The report shows
Volkswagen Group said in an announcement on Thursday that the continued pandemic of novel coronavirus had a significant impact on the group's business, with the car sales network almost stagnant, customer demand falling sharply and supply cuts in the parts supply chain. As the trend of the epidemic is still uncertain, combined with falling profits, lower revenue, reduced cash flow and other factors, Volkswagen believes that 2020 expectations can no longer be achieved, and decided to withdraw its previously released 2020 outlook. Volkswagen Group CEO Dis said in the 2019 results report that "Volkswagen Group delivery volume in 2020 will be the same as 2019, sales revenue will."
Rivian Automotive, an American electric car company, listed on Nasdaq at $78 a share on Nov. 10, up 53% on its first day. In intraday trading, the market capitalization of Rivian exceeded US $100 billion and raised more than US $12 billion. As of the 11th close, Rivian was trading at US $122.9 per share, up 22.10%, with a market capitalization of US $106 billion. It is worth noting that in response to the market capitalization of Rivian exceeding $100 billion, Tesla Musk commented on the social platform: "I hope Rivian can achieve mass production and."
On March 23, French carmaker Renault announced a suspension of all activities at its Russian plant in Moscow, while Renault said in a statement that it had lowered its 2022 performance forecast. Renault expects an operating profit margin of about 3% in 2022. Previously forecast to be more than 4%; this year's car business will achieve positive free cash flow, which had been expected to exceed 1 billion euros ($1.1 billion) of free cash flow. Renault also said it was evaluating the options for its Russian joint venture, Avtovaz, and would be accountable to 45000 Russian employees. In the statement, Renault Group.
Tesla said on April 29 local time that he was looking for other sources of financing and that the cash flow at this stage was sufficient to cope with investment and debt repayment in the coming year. Although the company has been plagued by self-driving and fire scandals, the newly listed model3 has been welcomed by the market. Foreign media reported that Tesla said on Monday that he was seeking financing from other channels. Tesla's share price rose 1.8% to $239.42 on the news. according to the securities industry, Tesla needs to raise more funds for his expansion and start-up funds for the port factory in Shanghai.
GAC Fick, whose sales continued to decline, borrowed 1 billion yuan to replenish its cash flow. GAC GROUP issued an announcement agreeing to provide a 500 million yuan entrusted loan to Guangzhou Auto Fick Automobile Co., Ltd., a joint venture company, through its subsidiary Guangzhou Automobile Group Finance Co., Ltd., with a term of one year, and the interest rate is the one-year LPR rate announced by the people's Bank of China on the lending date. According to the share ratio of the shareholders of both sides to provide loans, GAC Fick can receive a total of 1 billion yuan in loan funds. GAC insiders said that the funds were used to supplement the cash flow of GAC Fick's daily production and operation. Sales of Guangzhou Auto Fick, which is in decline in China, fell below 100000 last year. Root.
Today, according to an announcement by China Evergrande on the Hong Kong Stock Exchange, sales are expected to continue to decline significantly in September, resulting in the continued deterioration of the Group's sales rebates, further exerting tremendous pressure on cash flow and liquidity. At the same time, China Evergrande also said that other measures taken to alleviate liquidity problems have not achieved the desired results, and the group is actively contacting a number of potential investors to discuss the sale of some stakes in Evergrande Motor and Evergrande property, as well as the introduction of new investors. According to the announcement: from June to August 2021, the contract sales of Evergrande property in China were 71.63 billion yuan, 43.78 billion yuan and 38.08 billion yuan respectively, showing a downward trend.
On April 4, Jiang Liming, former director of the supervision department of rural small and medium-sized financial institutions of the China Banking Regulatory Commission, was expelled from the party on suspicion of serious violations of discipline and the law, according to the discipline inspection and supervision team of the Central Commission for discipline Inspection in China and the Heilongjiang Provincial discipline Inspection Commission. After investigation, Jiang Liming seriously violated political discipline
In response to the impact of the COVID-19 epidemic and replenishing cash flow, Jaguar Land Rover announced that it had reached a guaranteed loan agreement of 5 billion yuan with Chinese lenders, the first debt financing for Jaguar Land Rover in China.
Since Tesla's "spontaneous combustion" and "self-driving out of control caused a car accident" and other incidents, the stock price has not performed very well in the market since this year. After months of decline, Tesla's share price has reached a two-year low, and its market capitalization has lost nearly half of its value compared with August last year, but this is not the worst-case scenario. According to foreign media reports, Adam Adam Jonas, an analyst at Morgan Stanley, cut his pessimistic forecast for Tesla's share price from $97 to $10 in a report released yesterday. The worst-case scenario means that the stock is 205 per share higher than on Monday.
Faraday said in a regulatory announcement last night that the delivery time of FF91 cars has not yet been determined and is not expected to be in 2022, according to the Financial Associated Press today. Additional funds are needed after 2022 to support FF91 production in order to break even cash flow.
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
Benchmarking Song PLUS! Geely Galaxy Starship 7 released
Nilai also wants to make a range-extending car? No official response
Mitsubishi Nissan will establish a joint venture company!
Changan Automobile's October sales announced!
Volkswagen China CEO responds to layoffs: no longer blindly pursues market share
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