(Image source: Photo.com)
Recently, Zhou Hongyi and Jia Yueting shouted in the air, which attracted the attention of netizens. Zhou Hongyi said at the spring press conference of Nezha Automobile that one of the key reasons why Jia Yueting's FF91 failed to succeed was that he chose to build a car in the United States. He shouted in the video, "Lao Jia, when will you return to China", if you want to build a car, you must go back to China, FF can't be sold in the United States because it is too expensive, if you return to China and use China's supply chain to build, the cost will be reduced by 70%.
Today (April 25), Jia Yueting once again posted a video to respond to everyone's concern about when to return to China and the debt problem. He said: "Yesterday Lao Zhou asked me when I would return to China, in fact, this is exactly my biggest knot, and it is also the problem I am trying to solve every day, and it is my biggest dream to return to my motherland as soon as possible." I am willing to work hard to do anything that can earn money to pay off my debts, earn money to build a car, and return to my motherland as soon as possible. The day I successfully built the car and repaid the debt was when I returned to China, and many people may not know about my debt problem, after all, it was many years ago, and when the debt crisis broke out in 2017, LeEco broke out. I personally have guaranteed about 12 billion US dollars of debt for the LETV system, and these are not my personal direct debts, basically I guarantee for the LETV system and the company, over the years for the company for LETV, we have repaid more than 10 billion US dollars, which may be the world's largest personal guarantee case. I applied for a personal debt restructuring in the U.S. 5 years ago, and the restructuring plan was reached and completed, and I no longer have any debts under the U.S. legal system. I will also do my best to settle my debts under the Chinese legal system as soon as possible. ”
Jia Yueting responded earlier that it is precisely because he came to the United States to build cars 10 years ago that he has the ability to become an important bridge for Chinese cars to enter the American market. According to the latest data, Jia Yueting has been building cars for ten years, burning 3 billion US dollars, which has exceeded 20 billion yuan when converted into RMB, and Faraday Future has completed a total of 11 deliveries.
Faraday Future officially released an open letter on February 26, Beijing time, which mentioned that FF Global CEO Matthias Aydt said: "We believe that FF already has the foundation to support future development, but it still needs to obtain additional funding. ”
The investment and financing rounds for new energy vehicles are still in their early stages
From the perspective of financing rounds, at present, the financing rounds of the new energy vehicle industry in mainland China are mainly concentrated in the early rounds. Among them, the number of Series A financing events totaled 195, accounting for 27%, followed by strategic investment, with 159 investment events, accounting for 22%, and angel round financing events ranked third, with 123, accounting for 17%. These three types of financing rounds accounted for 66% of the total, which shows that the development of the new energy vehicle industry in mainland China is still in the stage of expansion and development.
The scale of the new energy vehicle market continues to expand
From the perspective of market sales scale, in recent years, the scale of China's new energy vehicle market has continued to grow and developed rapidly. According to Statista statistics, from 2017 to 2022, the size of China's electric vehicle market increased from US$30.77 billion to US$160.43 billion. According to the average exchange rate of the corresponding year, it is equivalent to about 207.70 billion yuan to 1,077.89 billion yuan. Especially from 2020 to 2021, China's new energy vehicle market ushered in explosive growth, with a growth rate of 150.13%. However, due to the impact of the new crown epidemic, from 2021 to 2022, domestic new energy vehicle production and consumption have performed poorly, resulting in the growth rate of China's new energy vehicle market slowing to 7.85%.
China's new energy vehicle industry is highly competitive
From the perspective of existing enterprise competition, the existing competition in the new energy automobile industry is relatively fierce, and the industry head effect is obvious, so it is difficult to fight for a place in the market. From the perspective of potential entrants, the new energy vehicle industry is a technology-intensive and capital-intensive industry, and in the first few years of start-up brands, enterprises may have been in a state of loss, such as "Wei Xiaoli". However, it is worth noting that in recent years, the "mobile phone system" enterprises have a greater advantage in the layout of new energy vehicles, the main reason is that the current new energy vehicles are no longer only equipped with lithium batteries or other new power sources of cars, but new energy and intelligent new energy intelligent vehicles, therefore, "mobile phone" enterprises have relied on their own intelligent level to begin to lay out the new energy intelligent vehicle market, the main way to enter is to set up a new energy intelligent car brand with traditional car companies. Therefore, in general, there is a greater threat from potential competitors.
He Xiaopeng, CEO of Xpeng Motors, pointed out that the current competition is very cruel, and the understanding of the cruel reality of elimination is not clear. For example, the compound annual growth rate of sales of some models has dropped by 25-30%, and it will be very difficult to regain market share in the future. Therefore, the key to dealing with involution is to recognize the reality and make changes as soon as possible, so that it will be easier in the later stage.
In 2024, in the face of more fierce competition, new energy vehicle companies have begun to "roll" up, Ouyang Minggao, vice chairman of the China Electric Vehicle 100 Association and academician of the Chinese Academy of Sciences, believes that new energy vehicles are a technical system, which covers the entire connotation of the fourth industrial revolution and leads the transformation of electrification, intelligence and low-carbonization.
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For more research and analysis of this industry, please refer to the "Analysis Report on Market Prospect and Investment Strategic Planning of China's New Energy Vehicle Industry" by Qianzhan Industry Research Institute
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