TU-TESL

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Those who didn't let go finally saw a glimmer of light. Last week, colleagues who said: "it is better to teach people to fish than to teach people to fish" regretted selling a potential stock in advance this week. To be honest, I only remember one sentence today. We should be cautious when entering the market with risks. Then pay attention to the rise of a stock, need to pay attention to the company's prospects, cooperation, sales, decision-making and other dynamic. The news of losses, layoffs, spontaneous combustion and lack of financing kept the stock price down to $1.19 per share at its lowest. At one time, the stock of Weilai was close to the red line of delisting. On Tuesday, November 5, the US east time, together with Mobileye, announced that it would deepen cooperation in the field of passenger vehicle market and intelligent travel service. The day before, Yulai announced that its sales volume in October reached a new high in 2019, with a total of 2526 vehicles delivered, up 61% year on year. Among them, 2220 were delivered by ES6, accounting for 87.89%. For a time, we couldn't see the hope. Under a series of good news, the stock soared nearly 38%. However, after Wei Lai's CFO Xie Dongying announced his resignation, Wang Dongning, vice president of finance of Wei Lai automobile, also announced his resignation, causing the stock price of Wei Lai to be under pressure again. Once there was no chance to get rid of Weilai stock, the green stock in hand turned green again after flying red. This week is just as exciting as riding a roller coaster. The good news is that Wei Lai's share price has finally broken away from the "delisting line" of $1, and can take a breath for a while. As the representative of new forces in China, Weilai automobile has been in the state of loss for nearly four years since its establishment. From 2016 to 2018, the amount of loss of Weilai automobile was 3.518 billion yuan, 7.562 billion yuan and 23.328 billion yuan respectively. As of the first half of this year, the accumulated loss of Weilai automobile reached 40.345 billion yuan. What's more, we have been hit repeatedly in terms of financing. Before that, Weilai and Wuxing District, Huzhou City, Zhejiang Province had negotiated a 5 billion yuan investment project, which was absolutely a "life sustaining blood package" for Weilai, but it failed to reach a consensus, and the 10 billion yuan investment with Daxing Yizhuang state investment was silent. Encounter a series of negative news, such as loss, layoff, spontaneous combustion, and lack of financial resources, which hit the company one after another. With cooperation, sales and upgrading, we have completed the counter attack of the stock market. Affected by the decline of subsidies for new energy vehicles in July this year, the domestic new energy market has declined three times in a row, while the performance of Weilai ES6 is quite strong. According to the recent October sales data released by Yulai, the delivery volume of new cars in October reached 2526, a new high in 2019, up 25% month on month and 61% year on year. Among them, the monthly delivery volume of es610 reached 2220 units, 6829 units have been delivered in five months since the delivery, and 306 units have been delivered in October. In addition, Yulai automobile officially launched the upgrade service, and es8 owners paid an additional 50000 yuan to upgrade the battery capacity to 84 kwh. After the upgrade, NEDC has a range of 425 km. It is reported that the first car owner can enjoy a 60% discount for upgrading rights and can also use points for exchange. On November 5, Weilai and Mobileye, a technology company under Intel, jointly announced a strategic cooperation. The two sides will build L4 level automatic driving models based on the second generation vehicle platform of Weilai, and Weilai will become the first brand to realize L4 level automatic driving in the world. Weilai and Mobileye, an auto driving technology company under Intel, jointly announced a strategic cooperation. Weilai's cooperation with Mobileye focuses on the realization of L4 level. In the field of driverless, level L3 can only be called driving assistance before, while level L3 vehicles can only intervene in driving under certain conditions. Only level L4 can have commercial value. There are two main aspects of commercial value. First, level L4 driverless can take over the driving operation of vehicles instead of people. Secondly, level L4 is the basis for building intelligent time-sharing leasing in the future, which is also the reason that Mobileye will purchase a large number of special versions of Weilai for intelligent travel services. In the cooperation between the two sides, Mobileye is responsible for providing Mobileye EyeQ chip and related software. It is responsible for vehicle level automatic driving system development, integration and vehicle scale mass production. In addition, Mobileye will also purchase the vehicles specially customized by Yulai for its intelligent travel service in batches to realize its strategic layout in the field of intelligent travel service. As one of the most core suppliers in the field of driverless, Mobileye has strong technical advantages in the field of driverless basic hardware. Founded in 1999, Mobileye was listed on the New York Stock Exchange in 2014 and acquired by Intel with us $15.3 billion in 2017. Mobileye not only provides on-board detection camera, but also provides a complete set of advanced auxiliary driving system. Its core eyeq4 chip, Weilai es8 will become the first application vehicle. In our opinion, we are the only one who can save Weilai. It has only been established for four years. From R & D, production, publicity and after-sales, for a new power brand that has only been established for four years, Weilai automobile is still in the stage of burning money. At a time when new power brands are generally not favored, it is almost difficult to get a large amount of cash flow, and the successive departures of CFO and VP of finance also show the difficulty of Weilai from the side. However, the continuous monthly delivery of more than 2000 new cars has also brought more than 1 billion yuan of monthly operating revenue to ulsai, which has eased the company's cash flow to a certain extent. Next, it needs to be further observed whether Yulai automobile can get out of the trough.