Internet giants are making cars menacingly? Li Bin said: The possibility of "sudden death" in Weilai has greatly decreased

On June 15, Capital State learned that on June 13, at the 2021 China AutoMotive Chongqing Forum, Li Bin, chairman and CEO of Weilai Automobile (nio.us), was asked, "If Apple, Baidu and other Internet giants make a move in car manufacturing, will Weilai and others be photographed dead on the beach?"

He responded that car building or all entrepreneurship is a marathon, and the automotive industry is a marathon on the dirt road, which has always been compared with itself.

Li Bin said that Weilai has experienced a lot of things in more than 6 years since its establishment, and the possibility of sudden death in Weilai now has dropped greatly compared with 19 or 20 years, but entrepreneurship will always be like walking on thin ice.

For the advantages of Internet giants in car manufacturing, the market generally believes that in terms of funds, the giants have accumulated deep funds and generally have abundant cash flow.

In terms of user grasp, the Internet thinking of Internet giants can help them accurately grasp the needs of Internet users, which is conducive to building products under the needs of users.

In addition, Internet giants also have technical advantages such as software development.

This also leads to internet giants for car manufacturing entry points are different. Among them, Baidu car manufacturing involves vehicle manufacturing and software applications.

Baidu has been moving continuously since the announcement of the car, and recently the latest progress of Baidu car manufacturing has been reported. At the second quarter communication meeting held by Jidu Automobile, which was jointly established by Baidu and Geely Automobile, Xia Yiping, CEO of Jidu Automobile, revealed that the first car of Jidu Automobile will be unveiled at the 2022 Beijing Auto Show.

Xia Yiping also said that the models unveiled at the auto show are concept mass production models, and the similarity between offline physical cars and concept models is as high as 90%, and it is expected that reservations can begin next year, and the pre-sale price is initially set at more than 200,000 yuan.

Although Apple has not disclosed the progress of car manufacturing, it has been preparing for car manufacturing many years ago and is considered a potential strong competitor in the car industry. According to the market news that came out before, Apple's car manufacturing form may be vehicle manufacturing and software development for automatic driving.

This article originated from Capital State