NIO's market value surpasses GM, BMW, and Ferrari, becoming the world's sixth largest automaker

 

Weilai's market value surpasses GM, BMW, and Ferrari

On November 5th, US stocks closed, and China's concept stocks in the new energy vehicle sector rose collectively. Among them, Weilai closed at 42.35 US dollars, up 12.30%, and its market value reached 57.688 billion US dollars, setting a new high. This market value also exceeds that of traditional car giants such as BMW, GM, Ferrari, and Ford.

Calculated by market value, Weilai has become one of the world's top ten manufacturers, ranking sixth, second only to Daimler, BYD, Volkswagen, Toyota, and Tesla. In the top ten market capitalization rankings of domestic Internet companies, Weilai's market capitalization has surpassed Baidu , ranking 9th.

According to data from the China Automobile Association, the domestic new energy vehicle market was only 12,800 vehicles in 2012 and increased to 1.206 million vehicles in 2019. From January to September this year, the cumulative sales of domestic new energy vehicles have reached 734,000.

In recent years, the sales of new energy car companies have achieved substantial increases. According to data released by NIO, 5,055 vehicles were delivered in October, a year-on-year increase of 100.1%. From January to October, Weilai has delivered 31430 vehicles in total, an increase of 111.4% year-on-year; Xiaopeng Motors released data showing that it delivered 3,040 vehicles in October, an increase of 229% year-on-year. From January to October this year, Xiaopeng Motors delivered a total of 17,117 units, a year-on-year increase of 64%; Ideal ONE delivered 3,692 vehicles in October, setting a new monthly delivery record for three consecutive months, and cumulatively achieved from January to October. 21,852 vehicles were delivered. 

Earlier this month, the General Office of the State Council officially released the "New Energy Automobile Industry Development Plan (2021-2035)." Document pointed out that to insist on electrification, network linking, intelligent direction of development, with emphasis on the integration of innovation, breakthroughs in key core technology, optimize the industrial development environment, promote our country's new energy for sustainable development of the automotive industry, high-quality, accelerate the construction of automotive power .

Comments

Post a Comment

Popular posts from this blog

It is inevitable for technology companies to enter the market to build cars

Image
  The matter of building a car has changed. Since 2014, building a car has become the most desirable thing for entrepreneurs.  Not only are successful entrepreneurs working hard to start their second and third ventures, but countless "grassroots" teams have also begun to move around, as if the threshold of building a car was suddenly pulled to non-existent. But facts have proved that there are indeed barriers to building cars, and it limits most players.  Li Bin, the founder and chairman of Weilai  Automobile  , once said that an electric car company needs at least 20 billion yuan to reach mass production. Xiaopeng Motors Chairman He Xiaopeng also sighed: "It used to be an exaggeration to see others making cars. I jumped in and realized that 20 billion is not enough to spend.” In the end, the new car-building forces ran out of three first-tier players, but at the same time it also made people realize how difficult it is for a new company to build cars. People's attit
Read more

Tesla released a major facelift, Model S Plaid, which is as different as ever

Image
  The news of the newly redesigned 2021  Tesla  Model S was suddenly mentioned by Musk at the beginning of the year. Everyone was pleased with the Model S that had not been updated for a long time.  However, when the pictures came to light later, everyone found that the change didn't feel much, and there was almost no change in appearance. Tony teachers just repaired it and it was over.  However, after the interior was exposed, everyone found that it seemed like a new generation without looking at the exterior, which was shocking.  Many people still don't believe that this is the real car, so today Musk will give you an official announcement. Currently the fastest mass-produced electric car Today, Tesla officially released Model S Plaid, and it was also a delivery ceremony. Excited Musk specifically brushed  a  track out of the  Fremont factory  , and then drove directly to the stage. Two days ago, Musk just announced the cancellation of the Plaid+ version. The reason was that
Read more

Who is the "stumbling block" that prevents Tesla from going to the countryside?

Image
  New energy is the trend of automobiles, and the sinking market is the vast world of new energy automobiles.  However, for many new energy vehicle brands, there is still a long and rugged mountain road to go before they truly reach the "willows and flowers in another village". New energy vehicles are accelerating toward the sinking market, looking for new incremental space. However, for more new energy vehicle brands, how to break the dilemma of low prices in the sinking market, increase the added value of products, and obtain more profits in addition to the increase in sales are long-term problems that need to be faced. On the other hand, after  Baidu  , Xiaomi also intends to enter the game. Traditional car companies continue to launch new new energy brands, and more and more players are entering the game. In 2020, the power of new cars will usher in strong growth, and  Tesla  will also achieve sales of over 100,000 vehicles in the Chinese market.  Many high-end brand new
Read more