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The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

In the past, most of China's market was dominated by imported cars or joint venture cars from abroad. However, with the development and growth of the mainland automobile industry, it has occupied a place in the market and has been praised and trusted by the majority of consumers. The title of Made in China has resounded at home and abroad, and China Creation is our next goal.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

In order to attract more consumers, the automobile industry has carried out continuous research and development and innovation, and finally encountered a problem, that is, environmental protection, with the popularity of automobiles, urban air quality is getting worse and worse. The country has been advocating low-carbon travel in recent years, fuel vehicles will no longer be popular, electric vehicles gradually to people's vision, thus giving birth to a lot of excellent electric vehicle companies, Weilai Automobile is one of the outstanding representatives, the market value has reached 490 billion, it has made great strides all the way to find its own positioning, has surpassed a number of foreign companies, even Audi BMW has been left behind, ranking fourth in the world. For this reason, with BYD on the high and low? The market value of Weilai Automobile has reached 490 billion yuan, becoming the "bellwether" of mainland car companies?

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

Due to the low economic level of the mainland in the past, the gap in productivity and competitiveness is very large compared to many countries, and domestic automobiles cannot occupy a place in the world market. But now it seems that the mainland can gain a firm foothold in the international market in just a few years and achieve the current achievements, which is beyond the reach of many countries. After the establishment of Weilai, the assets have been tens of billions, but these money has also been consumed in the development of the enterprise, but now he has reached a market value of hundreds of billions, so the consumption of tens of billions is still very worthwhile.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

Some people also think that Weilai can achieve today's results, all by luck, and how it will develop in the future is still unknown. But we have to admit that he did gain the favor of many consumers. From this point of view, its development prospects are still very good. Li Bin is the founder of Weilai Automobile, born in 1974 in a small mountain village in Anhui Province. His family was in difficulty, his parents worked outside the home for many years, and his grandparents raised him to grow up. Because grandpa sold cattle, he also learned a lot of business skills.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

He is not the same as ordinary children, smart and studious, and his grades are also very good. At that time, for rural children, it was best to go to secondary school and find a job suitable for them after graduation. But his ambition is not here, his goal is to be admitted to college, and with his own efforts, he eventually entered Peking University. This was enough to change his life, after all, there was no room for development in the village, and it was impossible to broaden his horizons. But when he was admitted to college, he stayed in the big city and was influenced by the surrounding environment and people, which made him learn a lot.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

Because the family conditions are not very good, Li Bin has been working hard to subsidize tuition during college. But after graduating with a high degree, he refused the opportunity to work in a large company and embarked on the road of entrepreneurship. At the beginning, the establishment of e-car network, the start was very successful, but the road to entrepreneurship is smooth, because the science network bubble makes him heavily indebted. In order to pay off his debts, he began to work hard in various industries, and he could make money. Until 2004, the Internet made a comeback, bringing a turnaround to eCar.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

Later, he decided to change and march into the new energy automobile industry, and at the same time recruited a large number of powerful investors, such as Xiaomi, JD.com, etc., but the development was not satisfactory at that time. Shortly after the establishment of NIO, the company suffered serious losses, and the stock market plummeted, and it may even face delisting. In just a few years, the market value has decreased tenfold, and many investors have also withdrawn. Coupled with the recovery of thousands of problematic vehicles, but also to compensate, which makes Weilai worse, the loss of tens of billions.

The birth of China's first car company? Super BYD U.S. General Motors ranks among the top four in the world with a market capitalization of 490 billion

Under the blow of frequent failures, Li Bin's life in those years was not satisfactory, and the company's revenue was not optimistic. But Weilai finally bottomed out this year, after relocating the company to Hefei, it cooperated locally, obtained seven billion yuan of financing under continuous efforts, and since then the stock price has returned, and the market value has continued to rise, surpassing many car brands and taking off like a dark horse in the automotive industry. Today, Li Bin's net worth has also doubled, and by October 2021, his company has produced more than 30,000 cars, ranking first in the industry, and its development prospects are immeasurable.

epilogue

Weilai can be so successful, inseparable from Li Bin's good intentions, his persistence and struggle, change and innovation, the achievement of today's Weilai, although the current products are still not perfect, but in the future unremitting development and innovation with the times, other domestic cars will be able to gain a firm foothold in the world.

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