Dong Che Daily｜Tesla’s quarterly revenue exceeds 20 billion / Ningde era workers are forced to work four days off and three days / Zero running is involved in sales fraud
guide
- Tesla Model 3/Y cuts prices again in the US
- Seven of the new cars at the Shanghai Auto Show are new energy vehicles
- Tesla's revenue in the first quarter was 23.329 billion
- Leap Motor involved in fraudulent sales
- In the Ningde era, some workers were forced to work four days off and three days off, and their income dropped
- Passenger Federation: 665,000 retail sales of passenger cars in the first ten days of April
- Lei Jun appeared at the NIO booth, and Li Bin explained on the spot
- Lotus released the world's first mass-produced flash charging robot
- Ningde era, BYD's sodium battery on the car within the year
- MINI China responds to the "ice cream incident" at the Shanghai Auto Show
Tesla Model 3/Y cuts prices again in the US
For the second time this month, Tesla lowered the price of the Model 3/Y in the U.S. market, bringing its most popular model below $40,000 before discounts.
The price cuts did bolster Tesla's quarterly sales, which delivered a record 422,875 electric vehicles in the first quarter, but analysts said the sales growth could weigh on healthy profit margins.
Sure enough, Tesla’s quarterly financial report released this morning showed that after a series of price cuts, Tesla’s total gross profit margin fell to 19.3%, lower than analysts’ expectations of 22.4%.
After this price cut, the Model Y four-wheel drive version, long-range version and high-performance version each dropped $3,000. The price of the Model 3 with standard range rear-wheel drive dropped from $41,990 to $39,990, the first time Tesla has offered a car priced below $40,000.
Since the beginning of this year, Tesla has dropped six times in the US market.
Seven of the new cars at the Shanghai Auto Show are new energy vehicles
According to the official data released by the Shanghai Auto Show, among the more than 1,000 exhibitors, new energy companies accounted for more than 80%. Among the hundreds of new cars brought by various car companies, 70% are new energy vehicles.
Zhou Minhao, chairman of the Shanghai Council for the Promotion of International Trade, said, "Of the more than 1,500 complete vehicles on display, new energy vehicles accounted for about two-thirds. This level of strength is unprecedented."
Will there be pure fuel vehicles at the Shanghai Auto Show two years later?
Tesla's revenue in the first quarter was 23.329 billion
I mentioned Tesla's first quarter financial report for 2023 a little earlier, so let's talk about it here.
In one sentence: high income, low profit.
Tesla's revenue in the first quarter of 2023 will be US$23.329 billion, compared with US$18.756 billion in the same period last year. Net profit in the first quarter was US$2.513 billion, compared with US$3.318 billion in the same period last year. Gross profit margin in the first quarter was 19.3%, compared with 29.1% in the same period last year.
Tesla reported first-quarter profit slightly below analyst expectations, after a series of price cuts squeezed its profit margins. It is worth noting that Tesla did not separately list the profit margin of the automotive business this time.
However, Musk seems to be indifferent to the decline in profits. He said:
If FSD can be realized in the future, I may even sell the vehicle with 0 profit.
In terms of output, Tesla produced more than 440,000 vehicles in the first quarter of this year, of which Model 3/Y accounted for 420,000; delivered more than 422,000 vehicles, a year-on-year increase of 36%.
The financial report shows that factory production efficiency has improved and logistics costs have been reduced, and vehicle costs will continue to decrease. It is expected that the prices of Tesla's models will continue to drop.
Leap Motor involved in fraudulent sales
Recently, Zhang, the store manager of Jinan Rongchuang Mao Leapao store, publicly questioned Leapmotor's alleged sales fraud, including forcing dealers to complete the registration of vehicles in order to obtain national subsidies.
Zhang said that in December 2022, 4,916 of the 8,493 sales were suspected of false reporting, and the quality was worrying, and there was no professional after-sales service.
Leap Motors issued a document saying that after verification by the company, the news was "all false information" and that Zhang would be held legally accountable by legal means; Zhang said that "the contents are all true and relevant evidence can be provided."
In the Ningde era, some workers were forced to work four days off and three days off, and their income dropped
According to a report by the Financial Associated Press, the shift schedule of some workers in the Ningde era has changed from the previous "seven days off" to "five days off and one day" or even "four days off and three days off". "Income reduction" is a common feeling of most workers. .
As the recent consumption of downstream new energy vehicles has fallen short of expectations, the overall capacity utilization rate of the lithium battery industry is currently insufficient. Factories reduce workers' working hours by increasing the number of rest days and shifts, thereby saving money. At present, some workers have left their jobs due to the decline in income.
Some industry analysts said that the lithium battery industry is expected to rebound to last year's high in the third quarter.
Passenger Federation: 665,000 retail sales of passenger cars in the first ten days of April
On the evening of the 19th, the Passenger Federation announced the sales data of the domestic passenger car market in the first half of April.
Data show that from April 1st to 16th, the domestic passenger car market retailed 665,000 vehicles, a year-on-year increase of 62%, and a month-on-month increase of 15%; so far this year, a total of 4.95 million vehicles have been retailed, a year-on-year decrease of 7%.
Among them, 223,000 vehicles were retailed in the new energy market, an increase of 89% year-on-year, and an increase of 13% compared with the same period last month; the cumulative retail sales since this year are 1.546 million vehicles, an increase of 30% year-on-year.
The Federation of Passengers Travel Association stated that April is the starting point for the second quarter, and the market environment is better, which is conducive to the production and sales of car companies. As the policy recommendations for deferred sales of old National VI models are not yet clear, automakers are still relatively cautious in the production and sales of some models.
Lei Jun appeared at the NIO booth, and Li Bin explained on the spot
On April 19th, Xiaomi Lei Jun appeared at the Shanghai Auto Show. He first saw Xiaopeng, and then visited the booths of Jikrypton and Weilai. At the Weilai booth, Li Bin, chairman of Weilai, appeared to receive him in person, and explained Weilai's products and services to Lei Jun.
The day before, He Xiaopeng, chairman of Xiaopeng Motors, also appeared at the Weilai booth. In this regard, Nio President Qin Lihong said in an interview with the media, "It is normal for companies to learn from each other and encourage each other."
Lotus released the world's first mass-produced flash charging robot
Lotus showed its pure electric SUV Eletre and its supporting robot charging system at the Shanghai Auto Show.
The charging system is said to deliver up to 500 kilowatts of power, making it one of the most powerful fast-charging devices currently on the market. It can insert the charging head into the charging port of the car through the robot arm, without manual operation. Relying on the track on the ground, it can adapt to different charging port positions and parking spaces.
Lotus said that it will first launch 50 units of the flash charging robot system in China for use by all electric vehicles.
Xiaomi is still a step too late.
Ningde era, BYD's sodium battery on the car within the year
According to 36 Krypton reports, people familiar with the matter said that CATL's sodium-ion batteries will be put on cars in batches in the fourth quarter of this year, and will be installed in the first new car of Chery Automobile's new energy brand iCAR, which will use sodium-ion batteries and lithium-ion batteries. Mixed plans.
In addition, sources said that BYD's sodium-ion batteries will also be mass-produced in the second half of the year, and the vehicle will be Seagull.
The biggest feature of sodium-ion batteries is abundant resources, low cost, excellent low-temperature performance and safety performance. The disadvantage is that the energy density is not high. Therefore, the mixed solution of sodium and lithium is a compromise method.
MINI China responds to the "ice cream incident" at the Shanghai Auto Show
On the morning of the 20th, it was reported on the Internet that the BMW MINI booth at the Shanghai Auto Show treated Chinese and foreign visitors differently.
A few hours later, MINI China responded to this matter:
The "Shanghai Auto Show Presents – Sweet Pets" activity initiated by MINI is intended to give a sweet gift to friends of all ages who visit the exhibition. Because our internal management is not careful and the staff dereliction of duty caused everyone's unhappiness. We sincerely apologize for this!
We review ourselves and improve management, strengthen internal training, and strive to provide every friend with good service and experience. Once again, I sincerely apologize to everyone!
This copywriting… How about trying ChatGPT? Then someone actually tried it.
Which do you think is better?
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