It is undeniable that, in front of the cruel reality, many new car-making forces, such as Sailin Auto, Qidian Auto, Boshun Auto, Changjiang Auto, and Byton Auto, have either collapsed and gone bankrupt due to poor sales and broken capital chains, or are struggling on the brink of life and death.
In short, these car companies are having a very tough time.
Also on the flip side, the head of the new car-making power car companies represented by Azure, Xiaopeng and Ideal Auto, although it is said that they also faced great difficulties in 2019, not only did their sales grow steadily into 2020, but their market value also soared.
According to the latest data just released, the world's highest market capitalization of car companies is the United States of America's new car-making power Tesla, with a market value of 494.32 billion U.S. dollars, ranked in the No. 2 Toyota's market value is only 1995.4 billion U.S. dollars. And Azera's market capitalization came in at No. 5 with a whopping $75.44 billion, ahead of Daimler, the parent company of Mercedes-Benz.
And then there's Xiaopeng Motors, with a market capitalization of $51.97 billion, which is $1.9 billion more than Honda's $50.07 billion. SAIC, the country's largest carmaker, also has a market capitalization of just $47.63 billion, coming in behind Honda.
This shows that under the market dividend of new energy vehicles, the prospect of new car-making forces is very good.
Shanghai Automobile Group (SAIC), whose market capitalization lags far behind that of Azera, has finally gotten impatient.
Recently, some media reports, SAIC Group will join hands with Alibaba and Pudong New Area, investing 10 billion yuan **** with the creation of a new high-end intelligent new energy car brand ZhiJi automobile, the project settled in the Pudong New Area Zhangjiang Intelligent Park.
The project's founders financed 10 billion yuan, with SAIC holding 54 percent of the shares, Pudong New Area expecting Alibaba to hold 18 percent each, and the other 10 percent of the shares held by another investment institution.
In which SAIC will provide the latest three electric technology and intelligent driving technology; Alibaba is to the user's big data, the latest technology of the Dharma Institute and the synergistic advantages of the ecosystem, such as Aliyun, for the empowerment of ZhiJi automobile; Pudong New Area is to provide policy support for ZhiJi automobile.
It is understood that the first model launched by ZhiJi Auto is a sedan, and will be followed by SUVs and other models. Currently, the project has more than 200 research and development members, most of whom are from SAIC.
With the strong alliance of many parties, ZhiJi Auto will surely be a "giant" among the new car-making forces in the future.
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