In recent years, the development of the new energy field is relatively fast. With the rise of this industry, China's first car company was also born, and the company also surpassed BYD in terms of market value. So, do you know which company this is?
In fact, in 2021, the sales volume of new energy vehicles is showing a gradual growth trend. From the data point of view, in the first three quarters, its sales volume was 431,900, 566,000, and 752,200, respectively. At the same time as sales are gradually increasing, the proportion of new energy vehicles in the market is also gradually rising, specifically, the data in the third quarter are 7.96%, 11.24%, and 15.80%, respectively.
It can also be seen that everyone's love for new energy vehicles is also gradually increasing. It is precisely for this reason that in this field, China's first car company has also been born, it is Weilai Automobile.
It is worth noting that the car company is not only the first car company in China, but also surpassed BYD in terms of market value and ranked fourth in the world. What's going on?
Nowadays, there are many companies in China that are actively developing new energy vehicles, just like Xiaopeng and other car companies. Among them, THE MARKET VALUE of NIO is as high as 74.7 billion US dollars, ranking fourth in the world. Specifically, by November 25, 2021, the company's stock price reached $53.7, compared with $2.37 in March this year, the company's price per share soared 21.66 times in just 8 months.
It is for this reason that the company's market capitalization has grown by leaps and bounds, reaching $74.7 billion, or about $476.1 billion. And this value directly crushed BMW, Mercedes-Benz and other cars, in the world to achieve the fourth position in the world, it is worth noting that the car company is also ranked first in China.
Even BYD, which has developed well in the field of new energy, is not as good as Weilai Automobile in terms of market value. Specifically, BYD's market is $74.3 billion, or about 473.5 billion yuan. That is to say, Weilai Automobile not only ranks fourth in the world in terms of market value of BYD, but also achieves the position of China's first car company.
So, in the case of many domestic enterprises developing new energy vehicles, what advantages does WEILAI rely on to rank first in the market?
In fact, the company has achieved this result mainly by relying on the following two advantages.
First, the company attaches importance to user experience. It can be said that this awareness of the enterprise is relatively long-term, after all, no matter which industry, to give users a good experience, will get a high evaluation from everyone.
Because the company is more general in the endurance of the car, so in order to solve the situation that there is no electricity when the user travels, the company has launched a one-click power-on function. This function only requires the user to open the APP in the mobile phone to make a call, and there will be a special person to power you up.
Second, the company masters its own core technology. Nowadays, only by mastering their own core technology can they occupy a certain position in the industry and obtain good results. Weilai Automobile has all the intellectual property rights of its independent research and development of three electric and three wisdoms.
It is precisely for this reason that the company has also achieved the outstanding results of the first in China in the delivery of new energy vehicles this year, and the delivery volume has reached 30,000 vehicles. It can be said that the achievements of the enterprise are closely related to its advantages in these aspects.
However, while achieving the first place in China, Weilai car companies also have a problem, that is, the phenomenon of burning more money, in just 4 years, the number of burned money has reached 22 billion, which has to catch up with Tesla's burning money. So, where does the company spend all its money?
Specifically, Tesla burned $5 billion in 15 years, that is, 31.8 billion yuan, but Weilai burned up to 22 billion yuan in 4 years, which shows how fast it burns money.
And Weilai mainly invests funds in powering users, which is the user experience mentioned above. It is worth noting that the company not only launched a one-click call, there are dedicated personnel to power up the function, but also in August 2021, the company launched a lifetime free battery replacement.
Specifically, the company said in August 2021 that the first car owner who purchased the company's ES8 and ES6 can enjoy the rights and interests of unlimited battery replacement nationwide. That is to say, consumers can replace the battery indefinitely, which is undoubtedly more attractive.
But there was also a company, Better Place, which used this method before, and finally went bankrupt because of the high cost. Therefore, for Weilai, using this method to increase the user experience will also make the company's burning money higher.