This article comes from: Caihua Network

Following the arrival of US stocks last night (NIOBlackjackonlineforfun.us) after the declineBlackjackonlineforfunXilai suffered another setback in the Hong Kong and Singapore markets today

Hong Kong stock Lai-SW (09866.HK) opened lower on April 16, falling 10.68 per cent to HK $29.7 as of press time, an all-time low.

On the same day, NIO Singapore shares also fell sharply, hitting an all-time low.

A glimpse in the tube, the sharp fall in the share price of Weilai is closely related to the overall weak plate market. Recently, affected by the continuous fermentation of Tesla's layoffs, automobile stocks have walked out of the weak market collectively.

On the news, Musk, chief executive of Tesla, told employees in an email on Monday that he would cut more than 10 per cent of jobs worldwide in the face of slowing demand for electric vehicles. In addition, two senior executives, including Drew Baglino, head of battery development, and Rohan Patel, vice president of public policy, both announced their departure from the company where they have been in charge of 18 years.

Stimulated by this news, the U. S. stock Tesla trend is not good, together with a large number of auto stocks weakened. Take today's Hong Kong stock market. Apart from Lulai, Xiaopeng Motor-W (09868.HK), ideal Automobile-W (02015.HK), and Great Wall Motor (02333.HK) all fell by more than 4%, while 09863.HK and BYD shares fell.

Interestingly, as the money fled, the acquisition of car production qualifications by Xilai was dug up, a milestone that was supposed to be good news for the capital markets, but failed to have a positive impact on its share price.

Recently, some Weilai users have posted the pick-up content on social media, and the pick-up picture shows that the tail mark of the new car has changed from "Jianghuai Automobile" to "Weilai".

Looking back to the source, the qualification of Lulai Automobile was approved as early as December 4, 2023, which means that it has finally obtained the qualification of automobile production, ending the long history of relying on Jianghuai Automobile OEM production. Since then, Lai Automobile has been able to independently control the production process, increase production capacity, better meet market demand, and help to reduce manufacturing costs and enhance market competitiveness.

In the fierce market competition environment, the price and sales volume are also the top priority. The gross profit margin of Xilai fell 4.9 percentage points to 5.5% in 2023, which darkens its profit prospects.

Since 2024, Weilai has been pessimistic by institutions, and the continuous reduction of target prices may also play a role in fuelling the flames to some extent, and the future is full of uncertainties and challenges.