Preface
With the large-scale bankruptcy of Western car companies, the American media has begun to "make up nonsense" again.
Not only that, but they also complained about Tesla's recent stock decline and production decline, claiming that China is behind the "troublemaker".
So, who is the reason for the large-scale bankruptcy of US car companies? What does the so-called "China make trouble behind the scenes" in the mouth of the US media?
A wave of bankruptcies of new energy vehicle companies in the United States
Since last year, the United States' means of curbing China's new energy vehicles have shifted from the dark to the open.
The United States has been engaged in such a "trade confrontation" with China for so long that they are now too lazy to do a face-saving project.
Initially, the United States used "national security" as an excuse to investigate Chinese electric vehicles, sanction Chinese battery imports into the United States, and increase tariffs on Chinese car companies.
Up to now, the United States even intends to completely ban Chinese electric vehicles from entering the United States, which shows that the United States can be described as "strictly guarding" China's electric vehicles.
But the ensuing impact has also caused many car companies in the United States to go bankrupt or be on the verge of bankruptcy.
In the United States, there are many new energy startups listed through SPACs.
However, with the increasing degree of containment of new energy in the United States, many new energy vehicle companies in the United States have gone bankrupt, and even if they are not bankrupt now, they are only dying.
Electric Last Mile Solutions (ELMS) is a U.S.-based manufacturer of commercial electric vehicles.
At the beginning, after the development of new energy vehicles was proposed, electric vehicle companies in the United States have also sprung up, and ELMS is one of them.
However, in June 2022, ELMS went bankrupt due to poor management, and you must know that ELMS had only been listed for a year at that time.
In addition, the more famous electric vehicle company "Rivian" in the United States is currently operating in a very unstable state.
In an effort to reduce costs, Rivian has already made two rounds of layoffs this year alone.
As of August last year, Rivian's revenue was still negative, and the company has not turned a profit, and its stock price has fallen by more than 80%.
Even Tesla's CEO, Elon Musk, once said:
"On the current trajectory, they will go bankrupt in about six quarters. Maybe this trajectory will change, but so far there has been. ”
Not only that, but the stock price of Faraday Motors in the United States has been declining.
As of August last year, Faraday's share price has fallen by 99%, and according to this trend, Faraday is also in huge operating difficulties.
Facts have proved that the current state of the new energy vehicle market in the United States is worrying.
However, this situation will not stop, and American electric vehicle companies are still on the road to bankruptcy on a large scale.
But what is puzzling is that the bankruptcy of new energy vehicle companies in the United States, why do they think that China is playing tricks?
Crocodile Farming Program
Recently, Smith, an American current affairs columnist, published an article in a magazine, which was written a lot.
He said Tesla's market value had disappeared by at least $400 billion, and its stock price had fallen by more than 40 percent.
And all this is "due to the pattern of China's cultivation and killing", which has caused damage to Tesla's operation, to which Smith called on the US government to respond.
Not only that, but Smith also wrote the "steps" clearly in the article.
He said that China has a huge market temptation of 1.4 billion people to attract Tesla to invest in China and build factories for development, and then steal their technology to support its own car companies, and then squeeze Tesla out of foreign markets when the time is ripe.
I have to say that Smith's words are simply "nonsense" and distort the facts.
Although Tesla's current business situation is indeed difficult, it is dissected to put it into detail, and China is a "bad rod" that cannot be beaten.
So, let's break it down in detail.
On April 15, Musk released an internal letter, the main theme of which is one thing: "layoffs", Musk will lay off 10% of employees worldwide.
Not only that, but Tesla's two senior executives also left one after another, causing the company's stock price to plummet again.
Now, Tesla's market capitalization has fallen below $500 billion, and as of the close of trading on the 16th, Tesla closed down 2.71%, a decline of about 38%, which is a very significant blow to Tesla.
In fact, since last year, the global demand for electric vehicles has begun to slow down significantly, but Tesla has not taken it to heart.
It wasn't until there was a clear downward trend in sales in the first quarter of this year that Musk's awareness became clear.
Judging from Tesla's production and delivery report in the first quarter, Tesla delivered a total of 386,800 vehicles to the global market, down 8.5% year-on-year and 20.2% from the fourth quarter of last year.
It can be seen that Tesla's production has been declining.
Its evaporated market value is an unpredictable decline, this "disaster" has been clearly expressed, the United States is currently hindered by the development of new energy vehicles.
However, Tesla's collapse is certainly not going to go out of business as it stands, but they do need to take a good break.
As for the ridiculous remarks in American magazines, it is their pure conjecture, in fact, Tesla's achievements so far should rewrite China.
Tesla's Chinese market
In 2018, Tesla built a gigafactory in Shanghai, China.
Musk has been "full of praise" for this decision, and he even said at the Model 3 Chinese owners interactive meeting that "without China's support, Tesla would not be where it is today".
Musk's words are not deliberately touting China, but his heartfelt emotion and gratitude.
If China had not approved Tesla's construction of a super factory in Shanghai, Tesla would have either gone bankrupt or would have been acquired by Apple.
Musk's desire to turn the tables against the wind is almost impossible in the eyes of everyone.
What's going on here?
In 2016, Tesla's blockbuster launch of the Model 3 received a great response.
In just one week, the order volume of the Model 3 reached 400,000 units, so the Model 3 suddenly sent Tesla to the "hegemon" position of the global electric vehicle.
However, Tesla has not kept up with production capacity, and the extremely low delivery volume has led to a direct breakdown of Tesla's cash flow, even if Musk is in debt everywhere, it still can't solve the company's dilemma.
In 2019, Tesla's stock price was shorted by Wall Street one after another, and the news of Tesla's bankruptcy and acquisition spread all over the world, and Musk was investigated by the US Securities and Exchange Commission and removed the title of chairman.
Faced with an irreversible predicament, Musk set his sights on the Chinese market.
Subsequently, he negotiated with China many times, and finally successfully approved a site in the Lingang area of Shanghai, which is now the location of China's Tesla Super Project.
It took only eight months from the start of construction of this gigafactory in January 2019 to the completion and acceptance of the factory in September, and China surprised Musk again with its speed.
As a result, starting in October, China's Tesla Gigafactory officially began production work.
China's speed has made Tesla's performance in the third quarter of 2019 begin to have a significant turnaround, which is in response to the so-called "the West is not bright, the East is bright".
Musk's vision successfully allowed him to win the bet, thus saving Tesla, which was on the verge of bankruptcy.
After Tesla built a factory in China, the Chinese market not only brought him huge profits, but also brought great stability to his market.
Although, with the rise of a large number of new energy vehicle companies in China, Tesla's position in the Chinese market and even the world has been greatly reduced, but at least it can still retain its place.
So, whose fault is the large-scale bankruptcy of American energy car companies?
Shortsighted
With the continuous early warning of the ecological environment, the development of new energy vehicles is an inevitable trend.
As early as a few years ago, various countries reached an agreement to jointly develop new energy vehicles, hoping to replace fuel vehicles and protect the ecological environment.
As a result, many well-known companies around the world have begun to join the research and development of new energy vehicles, including China.
In addition to well-known car companies such as BYD and Chery, Huawei and Xiaomi, who are good at making communication electronic equipment, have also been on the table of new energy vehicles.
When car companies in Western countries are developing new energy vehicles, China has begun to carry out the trial implementation of new energy vehicles, and the state has carried out a series of subsidies in order to promote new energy vehicles.
Later, China's tram industry developed rapidly, and the main focus was "good quality and low price", which attracted the attention of Western countries.
When they began to pay attention to us, China's electric vehicle industry has become far ahead, whether in terms of price or technology, European and American countries can not temporarily surpass us.
As a result, the United States has begun to play its usual tricks, and they want to curb the entry of our trams into the global market and weaken our development in various ways.
Among them, the first to suffer is the Chinese battery.
Chinese batteries can be said to have reached a monopoly position in the global field, and in 2022, CATL topped the world with a market share of 34%.
BYD's announcement to abandon the fuel vehicle market and focus on the research and development of electric vehicles shows that China is bound to win new energy.
In addition, the current electric car batteries in the United States are all from South Korea, and 60% of South Korea's battery raw materials come from China, which also causes the United States to be red-eyed, and South Korea is also miserable in the middle.
The slowdown in the development of electric vehicles has led to a fierce price war in various countries.
Now, BYD's "Qin" has dropped to 78,000, and Tesla's modle 3 price has also reached 230,000.
Although there is still a big difference between the two, when Modle 3 was just launched, the imported model was sold for more than 600,000, and the domestic model behind it was also sold for 320,000.
It's also a bit outrageous how much this price has dropped.
Now, the integration of Huawei's intelligent driving system and Wenjie indicates that China's new energy vehicles will definitely stand tall in the global position in the future.
The United States is now angry because it can't do it, causing the global development of new energy vehicles to slow down, and has been counterattacked, resulting in the bankruptcy of its own country's enterprises, the decline in stock prices, and the decline in production.
But who are you complaining about? It's not you.
Now, the United States has missed the golden age of switching from gasoline vehicles to electric vehicles, so they are bound to fall behind in the future environment.
epilogue
The attitude of the United States that "it can't develop it itself and won't let others develop it" has a feeling of "breaking the jar and breaking it".
At present, although the United States' behavior is aimed at China, the benefits have spread to other countries, and the subsequent chain reaction will cause a series of consequences.
Many countries have given up the research and development of new energy vehicles, not really compromised, but want to wait and see, but what about after waiting and seeing?
Sooner or later, it will be swallowed up by the environment, and I hope that the United States can understand the reason, and at the same time be proud of the development of China's new energy vehicles.
Resources:
Sina Finance: 10% layoffs, low-cost cars "miscarry", and Tesla, whose market value fell below 500 billion, "can't move".
International News: Tesla's Q1 stock price recorded the biggest drop in history
Interface News: American electric vehicle manufacturer Electric Last Mile Solutions will file for bankruptcy
Wall Street: Be vigilant! The wave of bankruptcies of new energy vehicle startups in the United States may be coming