In 2019, the net profit of many auto companies fell sharply. Editor’s note: This article comes from ”
future car Daily “(micro-channel public number ID: auto-time), Author: Terence Lee Nan.

.

Organization | Li Zinan

Headline

Dongfeng Motor and Renault intend to reorganize Dongfeng Renault

On April 14, the Dongfeng Motor Group announced on the Hong Kong Stock Exchange that in view of the decline in the domestic automobile market and the operating conditions of Dongfeng Renault, the Company and Renault intend to restructure Dongfeng Renault. The two parties signed a non-binding memorandum to reach a preliminary intention. Renault intends to transfer its 50% equity of Dongfeng Renault to the company, and Dongfeng Renault will stop Renault brand related business activities. The company plans to transform and upgrade Dongfeng Renault, and is committed to achieving high-quality development and innovation of technology and business models. ( Future Auto Daily )

The first decline in the past 10 years, SAIC Group ’s net profit in 2019 decreased by 28.9% year-on-year

On the evening of April 13, SAIC Group released its 2019 performance report. The report shows that the company achieved operating income of 843.324 billion yuan, down 6.5% year-on-year; the net profit attributable to shareholders of listed companies was 25.603 billion yuan, down 28.90% year-on-year. This is the first time in the past 10 years that SAIC has experienced a net profit decline. In terms of sales volume, SAIC cumulatively sold 6.238 million vehicles in 2019, a year-on-year decrease of 11.5%. ( Future Auto Daily )

Featured

BYD expects net profit to decline by more than 79% year-on-year in the first quarter

On the evening of April 13th, BYD ’s first quarter 2020 performance announcement showed that BYD ’s net profit attributable to shareholders of listed companies in the first quarter of 2020 was about 0.5-150 million yuan, a decrease of 79.99% -93.33% from the same period last year. In the same period last year, the net profit was about 750 million yuan. BYD explained the reasons for the decline, saying that in the first quarter of 2020, the epidemic situation and the macroeconomic downturn had a greater impact on the overall market demand of the automotive industry, and the sales of new energy vehicles fell sharply year-on-year. ( Future Auto Daily )

Changan Auto ’s 2019 loss of 2.647 billion yuan

Changan Automobile released a performance report, saying that total revenue in 2019 was 70.595 billion yuan, an increase of 6.48% year-on-year; net profit was a loss of 2.647 billion yuan, compared with a profit of 681 million yuan in the same period last year. At the same time, the company expects a net profit of 5-7.5 billion yuan in the first quarter of this year. ( Future Auto Daily )

Ford expects the suspension of production will cause it to lose $ 600 million in the first quarter

According to foreign media reports, on April 13, Ford said that due to the outbreak of the new corona virus, the company ’s first-quarter car sales fell by 21% year-on-year, coupled with the suspension of vehicle assembly plants, the company expects its first quarter The pre-tax loss will reach $ 600 million. ( Gas Motor )

Jia Yueting’s bankruptcy and reorganization held an online creditors’ meeting, FF will fully launch China’s landing plan

Future Auto Daily was informed that today 126 creditor representatives participated in the online meeting of Jia Yueting creditors through video access, mainly focusing on the details of the bankruptcy and reorganization plan such as the debt list, net debt, creditor trust operation method, voting process Discussion. It is understood that Jia Yueting’s debt restructuring has a net debt principal of 2.96 billion US dollars. According to anotherFF Global CEO Bi Fukang revealed that the FF China landing project has entered an in-depth negotiation stage. If Jia Yueting’s bankruptcy and reorganization is successfully completed, FF plans to hold the first FF 91 product launch in China. ( Future Auto Daily )

The results of the double points of auto companies in 2019 are announced, and 40% have not reached the standard

Recently, the website of the Ministry of Industry and Information Technology released the average fuel consumption of passenger car companies and the points of new energy vehicles in 2019. This time, the main points are the double points of 119 domestic car companies and 27 imported car companies. Announced. Judging from the published data, nearly 40% of the domestic passenger car manufacturers have negative average fuel consumption points, which means that only 60% of the car companies have achieved the point goal. ( Future Auto Daily )

To save costs, Tesla approached some owners to seek rent reduction

On April 14th, according to foreign media reports, according to the company that Tesla contacted, Tesla has contacted some owners to seek to reduce rents and save costs. It is understood that Tesla had previously taken pay cuts and unpaid leave measures, and was forced to close its only car assembly plant in the United States. ( Techweb )

Year-on-year decline of 64.1%, BAIC New Energy sold 9,000 vehicles in the first quarter

The BAIC New Energy Production and Sales Express showed that the total output in March was 3876 units, an increase of 75.38% year-on-year; the sales volume was 5992 units, a year-on-year decrease of 66.13%. From January to March 2020, the company achieved a cumulative output of 5,733 vehicles, an increase of 101.02% year-on-year; cumulative sales reached 9,000 vehicles, a year-on-year decrease of 64.1%. (Future Auto Daily)

Decrease by 24.5% year-on-year. In the first quarter, there were 17,000 effective complaints from consumers about automotive products

Due to the dual impact of the Chinese New Year holiday and the New Coronary Pneumonia epidemic, in the first quarter of 2020, there were 16,902 effective complaints from consumers about automobile products, a decrease of 29.2% from the previous month and a decrease of 24.5% from the same period last year. According to statistics, this quarter the complaints involved a total of 861 cars of 163 car brands, MoM reduced 11 brands and 99 cars. ( Car Quality Network )

Goldman Sachs expects Japanese auto companies’ operating profit to drop sharply by 38% this fiscal year

Goldman Sachs believes that the new crown pneumonia epidemic will cause Japanese automakers to reduce their combined operating profit by 38% for the current fiscal year beginning in April, but their rebound may be faster than the rebound after the global financial crisis more than 10 years ago. Goldman Sachs analysts led by Kota Yuzawa wrote in a report that once the epidemic is nearing its end, demand will “recover relatively quickly.” The bank raised Honda Motor’s stock rating from “hold” to “buy”, saying the stock has fallen about 25% this year, and its current valuation is attractive. (Sina Motors)

New Technology

Deakin University researches and develops new lithium metal batteries to increase energy storage by 50%

According to foreign media reports, as early as 2016, Deakin University in Australia (Deakin University) established a battery research and development center BatTRI-Hub, dedicated to promoting the progress of energy storage technology. Recently, the center announced the creation of a prototype of a lithium metal battery with interesting characteristics. This 1Ah flat soft-pack battery cell uses a lithium metal anode, which can store 50% more energy than existing battery cells. In addition, the battery cell also uses an ionic liquid electrolyte, a salt that exists in liquid form at room temperature, and is superior to current mainstream technology by several levels. ( Geshi Automobile )

.