* Text/Spades with long sword
Beiqi Blue Valley has recently fallen into a rumor storm.
Recently, some investors asked the secretary of the board of directors of Beiqi Blue Valley on the interactive easy platform, saying that there are rumors on the market that "Beiqi Blue Valley has fallen out with Huawei", and the delivery of the HI version of Jihu may become a problem, hoping that the secretary of the board of directors will give an explanation. After that, the secretary of the board of directors of Beiqi Blue Valley quickly responded that the news was false reporting and would resolutely take action to correct the audio-visual. The secretary of the board of directors also stressed that Huawei is one of the important strategic partners of the company, and the company is working closely with Huawei to promote the delivery of the HI version of The Fox.
It is worth noting that the stock price of Beiqi Blue Valley began to decline from April 20, falling by 5.65% on the 21st, and as of the close of the 22nd, its stock price fell by 2.40% to 6.52 yuan / share. It seems that the rumors of Huawei's "falling out" with Beiqi Blue Valley have really made many investors feel panicked, and people can't help but think that if Beiqi Blue Valley really loses Huawei, what will happen?
As the name suggests, BAIC Blue Valley is a new energy company under BAIC Group; and the "Polar Fox" mentioned in the rumor is an old brand launched in 2016 when BAIC Blue Valley was still called BAIC New Energy. However, the Polar Fox brand is not very active until 2020, except for the ARCFOX LITE, a high-priced mini car, it has not launched a new model in four years that is enough to attract market attention. It was not until the end of 2020 that the Pole Fox returned to the public eye with the newly launched Alpha T.
Huawei has established a cooperative relationship with Beiqi Blue Valley for a long time. In 2017, the two sides jointly established the "1873 Davidson Innovation Lab" to jointly build a high-end intelligent electric vehicle; since then, Huawei has also participated in the development of the Polar Fox Alpha T, which is equipped with Huawei's intelligent car solution; the new HI version of alpha S launched by Extreme Fox in 2021 also has a great relationship with Huawei, not only equipped with the Hongmeng OS intelligent cockpit, but also equipped with a 5G Kirin 990A chip with 3.5TOPs computing power, which can be described as Huawei's flavor full.
After rubbing on the concept of Huawei, the stock price of Beiqi Blue Valley took off almost flat, and in April last year, it pulled several up and down boards, and its stock price reached 19.30 yuan / share at the highest time. But after that, investors seemed to have lost faith in Beiqi Blue Valley, and after a three-month correction at the end of last year, its stock price completely fell back to its original shape.
Why do investors no longer favor Beiqi Blue Valley? In fact, the answer is not difficult to find.
Baiqi has always been extremely committed to the "take-ism" - keen to boast about the advanced technology of the supply chain, but there is not much to come up with in terms of self-research, which is vividly reflected in Jihu.
From the 2020 Polar Fox Alpha T to the 2021 Alpha S HI, BAIC introduced us to the powerful body of Magna from the "foundry emperor", HARMAN's 4K large-screen video system, Bosch's "world's first Pilot assisted driving" project and Huawei's intelligent cockpit, chip and lidar, but from beginning to end, investors could not see BAIC's self-developed technology, as if the car company was just responsible for assembling countless advanced supply chain technologies together in an ordinary factory.
In today's automotive market, simply stacking material on hardware is a rather dangerous idea. Whether it is Ideal, Weilai or Xiaopeng, these players who can kill the front row of the new energy industry have all identified their own uniqueness and captured their own part of the consumer group. But what about the Polar Fox? Can it provide consumers with something that other car companies can't do?
I'm afraid the answer is no, after all, Magna and Bosch have many customers, including many car companies such as BBA that have hung BAIC in high-end and heritage; Huawei is certainly not the exclusive partner of Jihu - it was still standing for Changan Avita, and time came this year, Yu Chengdong has begun to trumpet the well-off M5.
Sales confirm the correctness of investors voting with their feet. According to official data, the cumulative sales volume of the Beiqi Blue Valley Jihu brand from January to August 2021 is about 2,200 vehicles; the annual wholesale volume is just over 6,000, while the terminal retail is only 4,993 vehicles. Such achievements are not as good as Nezha and Zero Run of the second echelon of the new car-making force.
“...... If a company provides us with a complete solution, it becomes the soul, and SAIC can only be the body. Such a result is unacceptable to us, and we must take the soul into our own hands. In June last year, when investors responded to why SAIC motor did not cooperate with Huawei, Chen Hong, chairman of SAIC Motor, replied.
For Beiqi Blue Valley and Jihu, it is not only relying on Huawei to provide the soul, but also handing over the body and mind to others; at the same time, due to the production and sales volume not up to expectations, its huge loss in 2021 is 5.244 billion yuan, although it has improved year-on-year, but such performance is still not optimistic. In 2020 and 2021, the total loss of Beiqi Blue Valley reached 11.726 billion yuan.
At present, Beiqi Blue Valley is also increasing its investment in research and development, and its research and development expenditure in 2021 is 1.208 billion yuan, an increase of 24.14% year-on-year. Still, it will take time to prove whether it can really learn what it has learned in partnership with supply chain giants like Huawei.
*Image courtesy of Yandex, corporate announcement