Focus on this issue: Huawei, Tesla, Apple, Xiaopeng
Editor’s note: This article is from “ Daily future car “(micro-channel public number ID: auto-time), author: Xiao Cheng Yi.
“Carmen Neshen” is the weekly section of the Future Auto Daily, which will sort out the business news that is worthy of attention this week. Here are the company and business news that are worth watching this week (October 21-October 25):
Huawei will become a super supplier
After emphasizing the determination to “do not build a car,” Huawei announced a new plan to penetrate the hinterland of smart cars. At the World Intelligent Networked Auto Conference on October 22nd, Xu Zhijun, the chairman of Huawei’s rotating company, revealed three important pieces of information: developing core sensors such as laser radar for autonomous driving, changing the traditional automobile architecture and promoting the development of smart car parts standards. This is Huawei’s hesitation for many years, showing the attitude of becoming a super-supplier of smart cars.
For Huawei, which is looking for the future fulcrum of 100 billion scale growth, smart cars are a “battlefield” that should not be missed. The industry believes that Huawei is expected to become a world-class tier one supplier. Although it claims “no competitors”, Huawei is preempting the market where autopilot companies, Internet giants, and component manufacturers are all targeting. It is difficult to determine whether Huawei can dominate the party, but for competitors, Huawei may be more “terrible”.
Extended reading: Huawei, which does not build a car, may be more “horrible” by Bitsra
Tesla turns losses into profit in the third quarter
Muske has honoured the capital market’s commitment to third-quarter earnings. In the third quarter results released on October 24, Tesla’s revenue fell 8% to 6.303 billion US dollars, net profit of 150 million US dollars, achieving the first quarterly earnings in 2019. Earlier, FactSet analysts predicted that Tesla will lose about $ 253 million in the third quarter.
Achieve profitable or Intestra’s effective cost control and autopilot system revenue. Q3 total operating expenses decreased by 16.1% year-on-year to 930 million US dollarsThe improvement in driving, driving assistance and fully automatic driving functions will release about $500 million in cumulative deferred revenue. Although it has proved its profitability, how to avoid the low-end models selling low profit margins is still a problem that Tesla needs to think about.
Extended reading: Tesla turned into a profit in the third quarter, and the Shanghai factory will become the key to counterattack?
Apple co-founder says that driverless can’t be achieved
Wash, the co-founder of Apple, who had hoped that Apple made the first self-driving car, announced that his “faith of autopilot” has been shattered. The artificial intelligence advocate said at the JD Power car revolution in Las Vegas that he had abandoned Apple’s idea of selling and selling driverless cars a few years ago.
Whitz said in 2017 that driverless technology is promising and bets that Tesla will bring breakthrough technology. Driverlessness has long been a market for hundreds of billions of cars and technology giants, but the safety incidents have been repeatedly questioned by the public. “I don’t believe in the blueprint for the future depicted by Tesla and Musk.” Watts is convinced that driverless cars will not be realized.
Extended reading: Apple co-founder Watts: I don’t expect full-automatic driving to be realized in my lifetime
12 new car companies rank among the unicorns
Despite the sales difficulties, the new car companies were listed on the 2019 Hurun Global Unicorn list released on October 21. Among the 12 new domestically produced vehicles on the list, Xiaopeng Automobile and Weimar Automobile ranked 57th with a valuation of 30 billion yuan, ranking first in the valuation of new energy vehicles.
But it’s easy to get on the list and it’s hard to build a car. As of the first half of this year, only five of these companies have delivered. In September, China’s new energy vehicle sales have fallen for the third consecutive month. Hurun Research Institute quoted a new round of large-scale financing valuation data, saying that the total value of new cars on the list at home and abroad reached 35.5 billion US dollars, but the decline of Weilai stocks led to the decline of the whole industry, the electric vehicle industry will not have so many brands. success.
Extended reading: Who has made a car for many years, who is on the list of “unicorns”?
Can Mazda take the last electrification bus?
Mazda, known as “Maverick”, became the last mainstream brand in the automotive industry. At the Tokyo Motor Show on October 23, Mazda officially launched its first model called M.The X-30’s pure electric SUV model has a cruising range of about 200km and is planned to be sold in Germany in 2020 at a price of 268,000 yuan.
Towards “compromise” with electrification is not easy for Mazda, which has always been obsessed with improving the efficiency and environmental protection of internal combustion engines. However, Mazda had to passively take the last electrification bus after the mainstream models announced the electrification schedule and the “no-burn” plan by countries around the world. But Mazda can still occupy a question mark in the electric car market.
Extended reading: Mazda indulging in internal combustion engines, can you get the last electrification bus?
Sinisters of the China Insurance Regulatory Commission to clear the chaos of auto finance
Automotive financial chaos such as non-refundable guarantees, unreasonable collection fees and unlicensed auto consumption loan guarantee business will finally be rectified. On October 23, the Banking Regulatory Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology and other nine departments jointly issued the “Notice on the Supplementary Provisions on the Supervision and Management of Printing and Financing Guarantee Companies”, clearly stipulating that automobile dealers, automobile sales service providers and other institutions without the approval of the supervisory authority Do not operate automobile consumer loan guarantee business.
In recent years, with the rapid development of auto finance business, many companies without business licenses have entered the industry. Unregulated business practices have spawned a variety of industry chaos, such as the sale of designated auto insurance, unreasonable deduction, and “zero down payment” scam. However, because unlicensed operations are not regulated, consumers are difficult to defend their rights, and consumers of some blind loans may not have the ability to repay. The Banking Regulatory Commission’s move is an important means of preventing and mitigating the risks of auto finance.
Extended reading: Sinisters of the China Insurance Regulatory Commission attacked and eliminated the chaos of auto finance
The rise of the automobile stock market and the significant increase in the number of new purchases
The Chinese auto market has continued to decline for 15 months, but the future is hidden. McKinsey’s recently released “2019 McKinsey Auto Consumer Insights” report pointed out that the Chinese auto market is experiencing short-term pain, but in terms of incremental and stock dimensions, consumers have shown strong potential demand.
The above judgments of McKinsey are mainly based on the low number of people in China, the strong demand of consumers for private cars, and the significant increase in the size of the group. In addition, exports currently account for only 3% of China’s total vehicle production and sales, and there will be a lot of room for the future. China’s auto market needs to rely on the new “troika” to support long-term development. In addition to increasing the exchange market, exports will also become one of the three troikas that will drive the development of the Chinese auto market.