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dkpoh
dkpoh
·
2022-02-17
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dkpoh
dkpoh
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2022-02-14
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Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal
(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Propertie
Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal
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dkpoh
dkpoh
·
2022-02-12
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Statement Regarding Foreign Media Reports
Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:
Statement Regarding Foreign Media Reports
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dkpoh
dkpoh
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2022-02-08
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EV Stocks Rose in Morning Trading
EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2
EV Stocks Rose in Morning Trading
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dkpoh
dkpoh
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2022-02-08
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Cruise Line Stocks Gained in Morning Trading
Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbe
Cruise Line Stocks Gained in Morning Trading
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dkpoh
dkpoh
·
2022-01-13
666
You can't go wrong buying a Nio, XPeng, or Li Auto.
麦格理分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车、小鹏和理想纳入跟踪分析公司的范围内,称投资者应该买入这三家公司的股票。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。蔚来汽车股票的平均目标价约为59美元,略低于两倍的近期价格。Erica Chen对理想的目标价为每股151港元,这意味着美国或香港投资者可能将获得约28%的涨幅。不过根据分析师的目标价和评级,投资这三只股票中的任何一只都不会出错。
You can't go wrong buying a Nio, XPeng, or Li Auto.
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dkpoh
dkpoh
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2022-01-05
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Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.
1月4日,热门中概股跌幅继续扩大,拼多多、万国数据、爱奇艺均大跌超10%,哔哩哔哩、雾芯科技跌超9%,贝壳跌超8%,理想汽车跌超7%、蔚来、小鹏汽车跌超5%
Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.
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dkpoh
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2021-07-22
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Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.
到底错在哪里?
Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.
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dkpoh
dkpoh
·
2021-07-08
666
Oil prices plummet as the UAE plans to unilaterally sell off oil.
阿联酋制定了一项新战略:在需求枯竭之前尽可能多地出售原油。
Oil prices plummet as the UAE plans to unilaterally sell off oil.
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2021-07-08
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padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 14:50 GMT+8 <a href=https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part...</p>\n\n<a href=\"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APO":"阿波罗全球管理"},"source_url":"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179055183","content_text":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.Apollo deal is structured as:$500 million: investment into a land joint venture$500 million: perpetual subordinated notes issued by Aldar Investment Properties$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties$100 million: common equity investment in Aldar Investment PropertiesAldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. 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Since inception, the firm has always been committed to providing a first-class investment experience for global investors. The firm’s business model is comparable to other brokers in Singapore and Hong Kong and the firm is not conducting any financial services business that is outside standard industry practice. The firm rigidly adheres to all regulatory requirements in the jurisdictions we operate in.</p><p>2. Presently the firm possesses 46 licenses in 36 categories across a wide range of global jurisdictions including Singapore, Hong Kong S.A.R., The U.S., and Australia, among others. The firm continues to execute on its internationalization strategy and in the third quarter of 2021, more than 90% of newly funded accounts were derived from markets outside of mainland China. The firm remains focused on investing in research and development to enable more international investors to enjoy secure, comprehensive and convenient access to global capital markets.</p><p>3. Compliance with laws and regulations is core to the firm’s operations. Should new regulations be introduced in the future, the firm will strictly comply with relevant guidelines and enact new compliance protocols. Furthermore, in the case that relevant authorities promulgate new regulations that have a material effect on our business, the firm will make appropriate disclosures to investors without delay.</p><p>4. Finally, the firm notes that in recent months certain institutions have been disseminating misleading information in order to profiteer from short selling. The firm rejects such malicious short selling activities. We will stay in communication with relevant regulatory authorities and reserve our right to hold those disseminating false information accountable in accordance with the law.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Statement Regarding Foreign Media Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStatement Regarding Foreign Media Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 21:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:</p><p>1. Since inception, the firm has always been committed to providing a first-class investment experience for global investors. The firm’s business model is comparable to other brokers in Singapore and Hong Kong and the firm is not conducting any financial services business that is outside standard industry practice. The firm rigidly adheres to all regulatory requirements in the jurisdictions we operate in.</p><p>2. Presently the firm possesses 46 licenses in 36 categories across a wide range of global jurisdictions including Singapore, Hong Kong S.A.R., The U.S., and Australia, among others. The firm continues to execute on its internationalization strategy and in the third quarter of 2021, more than 90% of newly funded accounts were derived from markets outside of mainland China. The firm remains focused on investing in research and development to enable more international investors to enjoy secure, comprehensive and convenient access to global capital markets.</p><p>3. Compliance with laws and regulations is core to the firm’s operations. Should new regulations be introduced in the future, the firm will strictly comply with relevant guidelines and enact new compliance protocols. Furthermore, in the case that relevant authorities promulgate new regulations that have a material effect on our business, the firm will make appropriate disclosures to investors without delay.</p><p>4. Finally, the firm notes that in recent months certain institutions have been disseminating misleading information in order to profiteer from short selling. The firm rejects such malicious short selling activities. We will stay in communication with relevant regulatory authorities and reserve our right to hold those disseminating false information accountable in accordance with the law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108682296","content_text":"Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:1. Since inception, the firm has always been committed to providing a first-class investment experience for global investors. The firm’s business model is comparable to other brokers in Singapore and Hong Kong and the firm is not conducting any financial services business that is outside standard industry practice. The firm rigidly adheres to all regulatory requirements in the jurisdictions we operate in.2. Presently the firm possesses 46 licenses in 36 categories across a wide range of global jurisdictions including Singapore, Hong Kong S.A.R., The U.S., and Australia, among others. The firm continues to execute on its internationalization strategy and in the third quarter of 2021, more than 90% of newly funded accounts were derived from markets outside of mainland China. The firm remains focused on investing in research and development to enable more international investors to enjoy secure, comprehensive and convenient access to global capital markets.3. Compliance with laws and regulations is core to the firm’s operations. Should new regulations be introduced in the future, the firm will strictly comply with relevant guidelines and enact new compliance protocols. Furthermore, in the case that relevant authorities promulgate new regulations that have a material effect on our business, the firm will make appropriate disclosures to investors without delay.4. Finally, the firm notes that in recent months certain institutions have been disseminating misleading information in order to profiteer from short selling. The firm rejects such malicious short selling activities. We will stay in communication with relevant regulatory authorities and reserve our right to hold those disseminating false information accountable in accordance with the law.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":5434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023679,"gmtCreate":1644271949565,"gmtModify":1676533905639,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023679","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245081,"share":"https://ttm.financial/m/news/1186876974?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Rose in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"TSLA":0.9,"RIVN":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":6829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023919,"gmtCreate":1644271912415,"gmtModify":1676533905636,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023919","repostId":"1158578585","repostType":4,"repost":{"id":"1158578585","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245453,"share":"https://ttm.financial/m/news/1158578585?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:50","market":"us","language":"en","title":"Cruise Line Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1158578585","media":"Tiger Newspress","summary":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbe","content":"<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cruise Line Stocks Gained in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCruise Line Stocks Gained in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮","NCLH":"挪威邮轮"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158578585","content_text":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.","news_type":1,"symbols_score_info":{"NCLH":0.9,"RCL":0.9,"CCL":0.9}},"isVote":1,"tweetType":1,"viewCount":6825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002455828,"gmtCreate":1642080437285,"gmtModify":1676533678626,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002455828","repostId":"2203761861","repostType":2,"repost":{"id":"2203761861","kind":"news","pubTimestamp":1642072317,"share":"https://ttm.financial/m/news/2203761861?lang=en_US&edition=fundamental","pubTime":"2022-01-13 19:11","market":"us","language":"zh","title":"You can't go wrong buying a Nio, XPeng, or Li Auto.","url":"https://stock-news.laohu8.com/highlight/detail?id=2203761861","media":"东方财富","summary":"麦格理分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车、小鹏和理想纳入跟踪分析公司的范围内,称投资者应该买入这三家公司的股票。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。蔚来汽车股票的平均目标价约为59美元,略低于两倍的近期价格。Erica Chen对理想的目标价为每股151港元,这意味着美国或香港投资者可能将获得约28%的涨幅。不过根据分析师的目标价和评级,投资这三只股票中的任何一只都不会出错。","content":"<p><div>Macquarie analyst Erica Chen has begun including three U.S.-listed Chinese electric vehicle manufacturers, NIO (NIO), XPeng (XPEV), and LI Auto (LI), in the scope of her tracking analysis firm, saying investors should buy shares in these three companies. Investors seem to have listened to analysts' advice. On January 12, the stocks of all three companies rose, but the stocks of other electric vehicle companies also rose. Shares of Nio, XPeng, and Li Auto rose 5.53%, 5.73%, and 3.15%, respectively. Tesla (TSLA) and Rivian...</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">Web page link</a></div></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You can't go wrong buying a Nio, XPeng, or Li Auto.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou can't go wrong buying a Nio, XPeng, or Li Auto.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">东方财富</strong><span class=\"h-time small\">2022-01-13 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Macquarie analyst Erica Chen has begun including three U.S.-listed Chinese electric vehicle manufacturers, NIO (NIO), XPeng (XPEV), and LI Auto (LI), in the scope of her tracking analysis firm, saying investors should buy shares in these three companies. Investors seem to have listened to analysts' advice. On January 12, the stocks of all three companies rose, but the stocks of other electric vehicle companies also rose. Shares of Nio, XPeng, and Li Auto rose 5.53%, 5.73%, and 3.15%, respectively. Tesla (TSLA) and Rivian...</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">东方财富</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eebab619623966f6e7115434f653b888","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4509":"腾讯概念","BK1588":"回港中概股","BK4532":"文艺复兴科技持仓","BK1575":"同股不同权","BK4531":"中概回港概念","BK4099":"汽车制造商","BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK1587":"次新股","BK4555":"新能源车","BK1539":"汽车股","02015":"理想汽车-W","LI":"理想汽车","BK4505":"高瓴资本持仓","NIO":"蔚来","09868":"小鹏集团-W","BK4504":"桥水持仓","XPEV":"小鹏集团","BK1119":"汽车制造商"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2203761861","content_text":"麦格理(Macquarie)分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车(NIO)、小鹏(XPEV)和理想(LI)纳入跟踪分析公司的范围内,称投资者应该买入这三家公司的股票。投资者似乎听了分析师的建议。1月12日,这三家公司的股票都涨了,不过其他电动汽车公司的股票也有所上涨。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。特斯拉(TSLA)和Rivian(RIVN)的股价分别上涨3.93%和3.51%。对于大多数股票来说,1月12日都是一个积极的日子。标准普尔500指数和道琼斯工业平均指数分别上涨了0.28% 和0.11% 。Erica Chen对蔚来股票的评级为跑赢大盘,此评级相当于买入,目标价为37.70美元,远高于蔚来1月12日31.68美元的收盘价。她预计蔚来的销售额在未来几年内将增长大约50% 。与2020年相比,中国电动汽车(包括插电式混合动力汽车)2021年销量增长约为180%。蔚来的销量同比增长约109%,销售任务完成率也较高,并且该公司几乎所有的汽车销售都面向中国市场,不过也有一小部分在欧洲销售。Erica Chen的目标价意味着蔚来股价较近期水平还可以上涨约20% ,但这是华尔街较为保守的目标之一。追踪该公司的分析师中,约有84%的人给与了该公司股票买入评级,而标准普尔500指数成份股的平均买入评级比率约为55% 。蔚来汽车股票的平均目标价约为59美元,略低于两倍的近期价格。Erica Chen还给与了小鹏股票跑赢大盘评级。Erica Chen对小鹏和理想给出的目标价是针对两家公司在香港上市的股票,小鹏的目标价是221港元,按此计算,这意味着美国和香港投资者的股价都将上涨约20%。Erica Chen的目标价比她的华尔街同行所预测的要保守一些。小鹏在美上市股票的平均目标价约为每股64美元,比近期水平高约38%。小鹏和蔚来一样受欢迎,追踪该公司的分析师中有85%将其评级定为买入。Erica Chen对理想的目标价为每股151港元,这意味着美国或香港投资者可能将获得约28%的涨幅。理想美股的平均目标价约为46.50美元,比近期水平高50%。理想是三只股票中最受分析师欢迎的一家,加上Erica Chen新的“买入”评级,目前约91%的分析师对理想股票的评级为“买入”。不过根据分析师的目标价和评级,投资这三只股票中的任何一只都不会出错。(文章来源:巴伦周刊)","news_type":1,"symbols_score_info":{"02015":1,"LI":0.6,"09868":1,"XPEV":1,"NIO":1}},"isVote":1,"tweetType":1,"viewCount":5039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001784039,"gmtCreate":1641333091457,"gmtModify":1676533597638,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001784039","repostId":"1130666801","repostType":4,"repost":{"id":"1130666801","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641311316,"share":"https://ttm.financial/m/news/1130666801?lang=en_US&edition=fundamental","pubTime":"2022-01-04 23:48","market":"other","language":"zh","title":"Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1130666801","media":"老虎资讯综合","summary":"1月4日,热门中概股跌幅继续扩大,拼多多、万国数据、爱奇艺均大跌超10%,哔哩哔哩、雾芯科技跌超9%,贝壳跌超8%,理想汽车跌超7%、蔚来、小鹏汽车跌超5%","content":"<p><html><head></head><body>On January 4th, the decline in popular Chinese concept stocks continued to widen.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/GDS\">Global Data</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Both shares fell by more than 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Fog Core Technology fell more than 9%.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Nio fell by more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Down more than 5%</p><p><img src=\"https://static.tigerbbs.com/1b919a829a5fda79d1cd6f944df3c2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPopular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-04 23:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 4th, the decline in popular Chinese concept stocks continued to widen.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/GDS\">Global Data</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Both shares fell by more than 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Fog Core Technology fell more than 9%.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Nio fell by more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Down more than 5%</p><p><img src=\"https://static.tigerbbs.com/1b919a829a5fda79d1cd6f944df3c2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"BK4122":"互联网与直销零售","BK4501":"段永平概念","BK4531":"中概回港概念","BK4553":"喜马拉雅资本持仓","BK4509":"腾讯概念","BK4558":"双十一","TTTN":"老虎中美互联网巨头ETF","BK4526":"热门中概股","BK4505":"高瓴资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4535":"淡马锡持仓","PDD":"拼多多","BK4548":"巴美列捷福持仓","BK4503":"景林资产持仓","BK4504":"桥水持仓"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130666801","content_text":"1月4日,热门中概股跌幅继续扩大,拼多多、万国数据、爱奇艺均大跌超10%,哔哩哔哩、雾芯科技跌超9%,贝壳跌超8%,理想汽车跌超7%、蔚来、小鹏汽车跌超5%","news_type":1,"symbols_score_info":{"TTTN":0.9,"PDD":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":4830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176500261,"gmtCreate":1626904189553,"gmtModify":1703480124250,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176500261","repostId":"2153864685","repostType":4,"repost":{"id":"2153864685","kind":"highlight","pubTimestamp":1626881958,"share":"https://ttm.financial/m/news/2153864685?lang=en_US&edition=fundamental","pubTime":"2021-07-21 23:39","market":"us","language":"zh","title":"Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.","url":"https://stock-news.laohu8.com/highlight/detail?id=2153864685","media":"格隆汇","summary":"到底错在哪里?","content":"<p>When it comes to the first batch of leading players in the new energy vehicle industry, besides the \"three musketeers\" XPeng Li Auto<a href=\"https://laohu8.com/S/NIO\">Nio</a>Byton is definitely one of them.</p><p>Since its inception, Byton has enjoyed a variety of top-tier accolades, including BMW's founder,<a href=\"https://laohu8.com/S/DLX\">luxury</a>A technical team, a flock of capital...</p><p><b>It was once widely recognized as a rebel against traditional automakers and had the best chance of challenging them.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Unicorns.</b></p><p>However, after several years of effort, it failed to achieve mass production and gradually disappeared. Until recently, Byton has once again become the center of attention, but this time it has been accompanied by news of a series of \"bankruptcies\".</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to the fact that XPeng, Li Auto, and Nio have now achieved mass production and successfully entered the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death seems increasingly ridiculous.</p><p>What exactly is Byton, which has clearly lost its chance of winning, still up to?</p><p><h3>1</h3><h3><b>Established – Surrounded by glory</b></h3>Byton's strategy of \"everything is ready except for the right wind\" ruined the game.</p><p>If we're talking about the founding of Byton, neither Bi Fukang nor Dai Lei were actually the main characters; the real mastermind behind it all was a mysterious businessman named Feng Changge.</p><p>Feng Changge was born in Henan in 1970. He started his business in 2002 and has been involved in many industries such as real estate and luxury car dealership. I only got involved with cars in 2005 when I started dealing BMW cars. In 2013, under<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and currently has a market capitalization of HK$5.8 billion.</p><p>In March 2014, Feng Changge had the opportunity to meet with Musk because the company had a business partnership with Tesla. After coming into contact with horses, he began to develop...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles was subsequently approached by Foxconn's Terry Gou.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Ma Huateng created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Futeng</a>Partnerships. Both BMW Vice President Bi Fukang, the founder of Byton, and Dongfeng Infiniti General Manager Dai Lei were persuaded to come for the interview by them.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, disagreements broke out within Harmony Futeng, and Foxconn and Tencent failed to inject funds, causing the project to fall apart. On the contrary, Dai Lei and Bi Fukang, who were persuaded by the invitation for an interview, remained very interested and eventually invested in FMC out of their own pockets, becoming co-founders.</p><p>This seems to have laid the foundation for the frequent appearance of scumbags on Byton's path to creation.</p><p><b>In September 2017, BYTON, with its top-tier aura, officially debuted.</b>CEO Bi Fukang is the \"father of the i8\" at BMW. President Dai Lei previously served as General Manager of Infiniti China, and Vice President of Design Ye Binghuan previously served as Vice President of Design at BMW. The staff are a group of people from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Talent from companies such as BMW and Ford.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>A team with many years of experience in the global automotive industry is coming together.<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car boom instantly attracted the attention of the market and numerous investors, directly propelling it into the top tier of new energy electric vehicle companies.</b></p><p>However, his fate was full of twists and Byton had just started manufacturing cars when China tightened its restrictions on car manufacturing qualifications in 2017. Without time to wait for approval, Byton chose to cooperate with FAW. Not only did it accept $260 million from FAW Investment in its Series B financing, making it the major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger vehicle production qualifications.</p><p>In exchange, Byton also assumed 800 million yuan of FAW Huali's debt and 54.62 million yuan of employee compensation. This also foreshadowed Byton's subsequent debt crisis.</p><p>Since its inception, Byton has completed six rounds of financing. In the first four rounds of financing alone, the total funding reached 8.4 billion yuan. In addition to FAW, the financing included the Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">CATL</a>Waiting for the boss.</p><p>Among emerging electric vehicle manufacturers, although there is still a significant gap in financing amount compared to automakers such as Nio, WM Motor, and XPeng, it is not insignificant compared to other emerging electric vehicle manufacturers.</p><p><h3>2</h3><h3><b>Fall down - covered in lice</b></h3>After the financing was resolved, Byton enjoyed a brief period of smooth sailing.</p><p>In January 2018, at the Consumer Electronics Show (CES) in Las Vegas, USA, BYTON unveiled its first Concept car, the \"BYTON Concept,\" positioned as a luxury mid-size SUV. The car attracted widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, Byton's Nanjing factory prototype workshop was officially put into operation, and prototype vehicles also rolled off the production line.</p><p>In June 2018, at the \"Byton Night,\" Byton's second product, the K-Byte Concept, made its global debut. With its innovative design trends, cool human-computer interaction, and internationally advanced electric vehicle platform development, it once again attracted great attention and discussion.</p><p><b>Meanwhile, management also publicly stated that pre-production of Byton's first mass-produced model will be achieved in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funding... On the surface, Byton is not bad in every way; it's just waiting for mass production.</p><p>However, after waiting and waiting, what came was the devastating news that Byton was falling apart.</p><p>In April 2019, Byton's head coach, Bi Fukang, surprisingly appeared at the ICONIQ booth and announced his appointment as its CEO. The person in charge of Byton became co-founder Dai Lei.</p><p>This departure directly took away many heavyweight figures who followed Bi Fukang into the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most crucial central gateway work almost came to a complete standstill.</p><p>Furthermore, after Dai Lei took office, due to his greater trust in foreigners, the discourse power of different countries became obviously unfair. In terms of internal communication, there were many conflicts between departments and superiors and subordinates, and even the electronics team and the power system team rarely communicated, which was unheard of in the car manufacturing field.</p><p>In the second half of 2019, the expected mass production not only failed to materialize, but the company also became increasingly chaotic. The conflict between the two key figures also led the company into the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the exodus of traditional automakers, investors naturally lost interest in Byton. In addition, the decline in capital enthusiasm for new energy vehicles in 2019 made Byton's progress difficult, and the promised mass production was delayed from the beginning to the end of the year.</p><p>The failure to secure Series C financing and the broken cash flow not only delayed the launch of the model, but also made it difficult for the company to continue its operations and almost completely collapsed.</p><p>In April 2020, 50% of Byton's US branch employees were \"placed on leave\"; At the end of May, the company had only a little over $1 million left on its books, and Dai Lei admitted to owing employees $90 million in wages. On June 30, 2020, Byton announced a work and production halt; In July, Byton was criticized by CCTV for \"burning 8.4 billion yuan but failing to produce mass-produced cars\"...</p><p>Moreover, Byton is burdened with huge debts, including the remaining 470 million yuan owed to FAW Xiali, as well as the final payment for factory construction and equipment.</p><p><b>That year, the situation of new energy vehicle companies presented two completely opposite extremes. The XPeng Li Auto Nio has successfully gained popularity and become a highly sought-after god of new energy. Many car manufacturing PPTs were exposed to the public, some were eliminated, some were merged, and some went bankrupt.</b></p><p><b>However, Byton still pinned its hopes on the market and was named one of the Hurun Global Unicorns of the Year, along with giants such as Ant Group and Kuaishou.</b></p><p>As expected, Byton, though dead, remained intact. In January 2021, Byton announced a partnership with<a href=\"https://laohu8.com/S/HHPD.UK\">Foxconn Group</a>The newly established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Area jointly signed a strategic cooperation framework agreement, with teams from Foxconn Technology and Honghua Advanced stationed at Byton's Nanjing factory to assist Byton in achieving its goal of mass producing new electric vehicles.</p><p>However, there seems to be no further news about this collaboration afterward.</p><p>Considering the news that the company was declared bankrupt in June and July, it can be seen that FAW's intervention has once again rendered its savior, Foxconn, useless. It has already made plans to withdraw, and FAW has taken over the company's management and control.</p><p>The rebels of traditional automakers are once again stuck on the edge of a cliff.</p><p>Bi Fukang and Dai Lei, two traditional automaker tycoons who founded Byton, one became the CEO of FF, and the other joined the company.<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>His appointment as executive vice president left Byton struggling to survive.</p><p><h3>3</h3><h3><b>What exactly went wrong?</b></h3>Actually, looking at Byton's core business, it's quite good.</p><p>Byton has high brand recognition, nearly completed mass-produced vehicles, a 50-inch large landscape screen with top-notch design, and a cooperative background with the government and state-owned enterprises. More importantly, its brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did Byton go wrong?</p><p><b>In fact, Byton failed to achieve mass production because it encountered the wrong people at every step of its development.</b></p><p>The most obvious problem is insufficient funds, which is the founder's fault. Building cars is a waste of money. Nio once said that you can't build cars without 20 billion yuan, and the latest entrant, Evergrande Car Manufacturing, has also invested 40 billion yuan in less than a year. However, Byton's tight cash flow is not due to waste from car manufacturing, but rather to management and allocation issues.</p><p>Byton's team comes entirely from traditional automakers, and its founder, Bi Fukang, is also known for his extravagant and wasteful style, making it difficult to allocate money. The most famous example is that 300 people at Byton ate snacks worth 50 million yuan, and a box of business cards cost as much as 1,000 yuan, which is just a small amount of money. The suppliers and partners chosen must be top-tier. Compared to Tesla, the even more expensive investment is in production line equipment and development. Byton President Daniel once proudly declared: \"Byton is different from other internet car manufacturers. We will not choose OEM manufacturing. We will build our own factory to manufacture cars.\" As a result, just acquiring qualifications inexplicably resulted in an additional 850 million yuan in debt. The global production base in Nanjing covers an area of 1,200 acres and has a total investment of over 11 billion yuan.</p><p>Money is spent on these superficial tasks, and the technical hurdles in car manufacturing have been delayed. Funding is the most crucial thing in car manufacturing. If you only see the factory buildings but not the prototypes and technological progress, you will naturally not be able to find the next step of financing. How can a founder with a traditional car company mindset break free from constraints and start a business from scratch in a down-to-earth manner?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Secondly, there are technical issues. Although Byton's announcements of ultra-large screens and technology have always been far ahead of others, in reality, they are all just empty talk on paper. If the technology cannot be implemented, then<a href=\"https://laohu8.com/S/BJZ.SI\">tall</a>It's no use going up. Looking at the success of Nio, we can see that although the first car did have many shortcomings, once the car was made, improvements and upgrades accelerated. Looking at Byton, they never saw any results from beginning to end. Even the R&D personnel themselves said that some of the underlying technological foundations were lacking, and in the end, there were no cars at all.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If lack of funds and technology are common problems in new energy vehicles, then this year's shareholder disputes were the last straw that broke Byton's back.</b></p><p>During CES in January 2020, Byton had already established contact with Foxconn, hoping to cooperate. It wasn't until the fourth quarter of 2020 that Foxconn decided to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign automakers such as Geely and Fisker, but also reported that it would manufacture its own cars, demonstrating its reliability.</p><p>Judging from the results, Foxconn has indeed accepted the cooperation with technology and sincerity, and has streamlined and adjusted its management, production lines, and technology.</p><p>However, two tigers cannot share one mountain, and now FAW, as the major shareholder, has suddenly stepped in and taken back control, making it clear that it cannot tolerate Foxconn. The management constraints of state-owned enterprises are vividly demonstrated in this. First, they would never delegate power to Foxconn, and second, they would never completely exclude themselves from saving Byton. Therefore, they would rather lose a thousand than hurt eight hundred of their enemies.</p><p>Previously, after leaving Byton, Bi Fukang told US media that he didn't think too much about it when he accepted FAW's investment, and only later discovered the problems caused by excessive intervention. Regardless of who is right or wrong, the major shareholder is inevitably to blame for Byton's entire fate.</p><p>The fact that Byton collapsed again just before it was revived speaks volumes.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>To put it simply, the investment isn't in the company itself, but<b>。 Byton, despite having the necessary qualifications and capital, is unwilling to invest, not only because of mass production and debt issues, but more importantly, because the company lacks leadership from a key figure.</b>Just like Tesla invested in Musk, Li Auto invested in Li Xiang, and even Faraday Future invested in Jia Yueting, look at Byton, how did it win capital?</p><p>Many people say that M-Byte is just one step away from mass production, but is that really the case?</p><p>Definitely not. If it were just a matter of funding, I believe they wouldn't stand idly by after burning through so much real capital.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of emerging electric vehicle manufacturers talking on paper, making all the talk but little substance, and ending up in a mess is commonplace for people in the automotive industry. It is well known that the new energy vehicle industry is rife with bubbles.</p><p>However, history always repeats itself in a cycle, and everything is so familiar.</p><p>In 2013, the new energy vehicle market was booming, attracting a flood of capital. However, the reduction of government subsidies in 2018 triggered a large-scale collapse and liquidation of the industry, resulting in countless casualties. In 2020, new energy vehicle companies experienced another surge, with Tesla and the Three Musketeers breaking through the encirclement and mass production surging, sparking a new energy frenzy. However, most car companies failed before the dawn. In early 2021, subsidies continued to be reduced, and blind investment and illegal construction were strictly regulated, accelerating the survival of the fittest and eliminating and bankrupting a large number of enterprises.</p><p>However, the industry is full of ups and downs. Every time the bubble bursts, a new batch of players will flock in, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become popular again, and the entire industry chain has once again attracted the attention of investors. Not only have sales of new energy vehicles continued to exceed expectations, but the benefits of power batteries, as the \"crown jewel\" of new energy vehicles, are also constantly materializing, with both production and sales of new energy vehicles exceeding 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again become enthusiastic about chasing the hot topics of new energy vehicles. Internet technology giants have entered the market to manufacture cars one after another. In addition, with the continued advancement of \"carbon neutrality\", new energy vehicles have a lot of room to tell stories, and they will continue to do so.</b></p><p>Amidst the turmoil, Byton's bankruptcy was like a bucket of cold water, reminding people of the bubble that once went bankrupt. However, this is how an emerging industry develops. Many players rushed in and entered the market, experiencing ups and downs. Capital, with a \"better safe than sorry\" mentality, poured in one after another.</p><p>In fact, neither the newly entered tech giants nor the emerging car manufacturers that have already successfully mass-produced their vehicles are safe at present. The batch that has gone bankrupt now is one that cannot achieve mass production. What about the next stage? Once the technology matures, it will inevitably become widespread. Once all automakers have achieved production capacity, what will be the next standard for elimination? Whatever it is, there is a great risk that all players still on the track will be eliminated.</p><p><b>Faced with cycles and bubbles, it's not that all automakers that died before dawn weren't seriously building cars. It can only be said that an industry deserves respect, and the bubbles that are squeezed out are necessary for the market to drive industry development in the pursuit of profits.</b></p><p>Just like Byton, even if he stood up again, it would be too late. The once-proud central control screen and intelligent technology are no longer particularly special, and mass production has fallen far behind. It can only be said that one wrong step leads to another loss. Struggling is pointless, and being saved will not gain any advantage.</p><p><h3>5</h3><h3><b>Ending</b></h3>On July 18, 2021, Byton said in an interview with the media: \"We strive to achieve mass production of our first SUV model, the M-Byte, in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to withdraw, everything is predetermined.</p><p>Starting a business, from nothing to something, from small to large, can be described as fraught with challenges and a risk of death. For a considerable period of time, the investment and entrepreneurial communities liked to talk about trends, but the reality is that even if you seize the right opportunity, it doesn't guarantee success. There are far more cases of failure than success.</p><p>The reason is simple: in a crazy industry that no one understands yet, there are far more people who cheat and take advantage of the situation than those who calm down and work diligently.</p><p>Byton is on the verge of collapse, but looking back at its journey, it has attracted a lot of attention by attracting big capital, introducing popular celebrity managers, and using various concept models and promotional tactics, but it has yet to see mass production. All of this has an indescribable familiarity, as if it was deliberately arranged, which inevitably reminds people of the vigorous PPT car manufacturing boom a few years ago.</p><p>Byton is not the first, and it certainly won't be the last.</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByton's bankruptcy has once again poured cold water on the new energy vehicle sector.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-07-21 23:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When it comes to the first batch of leading players in the new energy vehicle industry, besides the \"three musketeers\" XPeng Li Auto<a href=\"https://laohu8.com/S/NIO\">Nio</a>Byton is definitely one of them.</p><p>Since its inception, Byton has enjoyed a variety of top-tier accolades, including BMW's founder,<a href=\"https://laohu8.com/S/DLX\">luxury</a>A technical team, a flock of capital...</p><p><b>It was once widely recognized as a rebel against traditional automakers and had the best chance of challenging them.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Unicorns.</b></p><p>However, after several years of effort, it failed to achieve mass production and gradually disappeared. Until recently, Byton has once again become the center of attention, but this time it has been accompanied by news of a series of \"bankruptcies\".</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to the fact that XPeng, Li Auto, and Nio have now achieved mass production and successfully entered the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death seems increasingly ridiculous.</p><p>What exactly is Byton, which has clearly lost its chance of winning, still up to?</p><p><h3>1</h3><h3><b>Established – Surrounded by glory</b></h3>Byton's strategy of \"everything is ready except for the right wind\" ruined the game.</p><p>If we're talking about the founding of Byton, neither Bi Fukang nor Dai Lei were actually the main characters; the real mastermind behind it all was a mysterious businessman named Feng Changge.</p><p>Feng Changge was born in Henan in 1970. He started his business in 2002 and has been involved in many industries such as real estate and luxury car dealership. I only got involved with cars in 2005 when I started dealing BMW cars. In 2013, under<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and currently has a market capitalization of HK$5.8 billion.</p><p>In March 2014, Feng Changge had the opportunity to meet with Musk because the company had a business partnership with Tesla. After coming into contact with horses, he began to develop...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles was subsequently approached by Foxconn's Terry Gou.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Ma Huateng created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Futeng</a>Partnerships. Both BMW Vice President Bi Fukang, the founder of Byton, and Dongfeng Infiniti General Manager Dai Lei were persuaded to come for the interview by them.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, disagreements broke out within Harmony Futeng, and Foxconn and Tencent failed to inject funds, causing the project to fall apart. On the contrary, Dai Lei and Bi Fukang, who were persuaded by the invitation for an interview, remained very interested and eventually invested in FMC out of their own pockets, becoming co-founders.</p><p>This seems to have laid the foundation for the frequent appearance of scumbags on Byton's path to creation.</p><p><b>In September 2017, BYTON, with its top-tier aura, officially debuted.</b>CEO Bi Fukang is the \"father of the i8\" at BMW. President Dai Lei previously served as General Manager of Infiniti China, and Vice President of Design Ye Binghuan previously served as Vice President of Design at BMW. The staff are a group of people from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Talent from companies such as BMW and Ford.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>A team with many years of experience in the global automotive industry is coming together.<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car boom instantly attracted the attention of the market and numerous investors, directly propelling it into the top tier of new energy electric vehicle companies.</b></p><p>However, his fate was full of twists and Byton had just started manufacturing cars when China tightened its restrictions on car manufacturing qualifications in 2017. Without time to wait for approval, Byton chose to cooperate with FAW. Not only did it accept $260 million from FAW Investment in its Series B financing, making it the major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger vehicle production qualifications.</p><p>In exchange, Byton also assumed 800 million yuan of FAW Huali's debt and 54.62 million yuan of employee compensation. This also foreshadowed Byton's subsequent debt crisis.</p><p>Since its inception, Byton has completed six rounds of financing. In the first four rounds of financing alone, the total funding reached 8.4 billion yuan. In addition to FAW, the financing included the Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">CATL</a>Waiting for the boss.</p><p>Among emerging electric vehicle manufacturers, although there is still a significant gap in financing amount compared to automakers such as Nio, WM Motor, and XPeng, it is not insignificant compared to other emerging electric vehicle manufacturers.</p><p><h3>2</h3><h3><b>Fall down - covered in lice</b></h3>After the financing was resolved, Byton enjoyed a brief period of smooth sailing.</p><p>In January 2018, at the Consumer Electronics Show (CES) in Las Vegas, USA, BYTON unveiled its first Concept car, the \"BYTON Concept,\" positioned as a luxury mid-size SUV. The car attracted widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, Byton's Nanjing factory prototype workshop was officially put into operation, and prototype vehicles also rolled off the production line.</p><p>In June 2018, at the \"Byton Night,\" Byton's second product, the K-Byte Concept, made its global debut. With its innovative design trends, cool human-computer interaction, and internationally advanced electric vehicle platform development, it once again attracted great attention and discussion.</p><p><b>Meanwhile, management also publicly stated that pre-production of Byton's first mass-produced model will be achieved in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funding... On the surface, Byton is not bad in every way; it's just waiting for mass production.</p><p>However, after waiting and waiting, what came was the devastating news that Byton was falling apart.</p><p>In April 2019, Byton's head coach, Bi Fukang, surprisingly appeared at the ICONIQ booth and announced his appointment as its CEO. The person in charge of Byton became co-founder Dai Lei.</p><p>This departure directly took away many heavyweight figures who followed Bi Fukang into the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most crucial central gateway work almost came to a complete standstill.</p><p>Furthermore, after Dai Lei took office, due to his greater trust in foreigners, the discourse power of different countries became obviously unfair. In terms of internal communication, there were many conflicts between departments and superiors and subordinates, and even the electronics team and the power system team rarely communicated, which was unheard of in the car manufacturing field.</p><p>In the second half of 2019, the expected mass production not only failed to materialize, but the company also became increasingly chaotic. The conflict between the two key figures also led the company into the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the exodus of traditional automakers, investors naturally lost interest in Byton. In addition, the decline in capital enthusiasm for new energy vehicles in 2019 made Byton's progress difficult, and the promised mass production was delayed from the beginning to the end of the year.</p><p>The failure to secure Series C financing and the broken cash flow not only delayed the launch of the model, but also made it difficult for the company to continue its operations and almost completely collapsed.</p><p>In April 2020, 50% of Byton's US branch employees were \"placed on leave\"; At the end of May, the company had only a little over $1 million left on its books, and Dai Lei admitted to owing employees $90 million in wages. On June 30, 2020, Byton announced a work and production halt; In July, Byton was criticized by CCTV for \"burning 8.4 billion yuan but failing to produce mass-produced cars\"...</p><p>Moreover, Byton is burdened with huge debts, including the remaining 470 million yuan owed to FAW Xiali, as well as the final payment for factory construction and equipment.</p><p><b>That year, the situation of new energy vehicle companies presented two completely opposite extremes. The XPeng Li Auto Nio has successfully gained popularity and become a highly sought-after god of new energy. Many car manufacturing PPTs were exposed to the public, some were eliminated, some were merged, and some went bankrupt.</b></p><p><b>However, Byton still pinned its hopes on the market and was named one of the Hurun Global Unicorns of the Year, along with giants such as Ant Group and Kuaishou.</b></p><p>As expected, Byton, though dead, remained intact. In January 2021, Byton announced a partnership with<a href=\"https://laohu8.com/S/HHPD.UK\">Foxconn Group</a>The newly established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Area jointly signed a strategic cooperation framework agreement, with teams from Foxconn Technology and Honghua Advanced stationed at Byton's Nanjing factory to assist Byton in achieving its goal of mass producing new electric vehicles.</p><p>However, there seems to be no further news about this collaboration afterward.</p><p>Considering the news that the company was declared bankrupt in June and July, it can be seen that FAW's intervention has once again rendered its savior, Foxconn, useless. It has already made plans to withdraw, and FAW has taken over the company's management and control.</p><p>The rebels of traditional automakers are once again stuck on the edge of a cliff.</p><p>Bi Fukang and Dai Lei, two traditional automaker tycoons who founded Byton, one became the CEO of FF, and the other joined the company.<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>His appointment as executive vice president left Byton struggling to survive.</p><p><h3>3</h3><h3><b>What exactly went wrong?</b></h3>Actually, looking at Byton's core business, it's quite good.</p><p>Byton has high brand recognition, nearly completed mass-produced vehicles, a 50-inch large landscape screen with top-notch design, and a cooperative background with the government and state-owned enterprises. More importantly, its brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did Byton go wrong?</p><p><b>In fact, Byton failed to achieve mass production because it encountered the wrong people at every step of its development.</b></p><p>The most obvious problem is insufficient funds, which is the founder's fault. Building cars is a waste of money. Nio once said that you can't build cars without 20 billion yuan, and the latest entrant, Evergrande Car Manufacturing, has also invested 40 billion yuan in less than a year. However, Byton's tight cash flow is not due to waste from car manufacturing, but rather to management and allocation issues.</p><p>Byton's team comes entirely from traditional automakers, and its founder, Bi Fukang, is also known for his extravagant and wasteful style, making it difficult to allocate money. The most famous example is that 300 people at Byton ate snacks worth 50 million yuan, and a box of business cards cost as much as 1,000 yuan, which is just a small amount of money. The suppliers and partners chosen must be top-tier. Compared to Tesla, the even more expensive investment is in production line equipment and development. Byton President Daniel once proudly declared: \"Byton is different from other internet car manufacturers. We will not choose OEM manufacturing. We will build our own factory to manufacture cars.\" As a result, just acquiring qualifications inexplicably resulted in an additional 850 million yuan in debt. The global production base in Nanjing covers an area of 1,200 acres and has a total investment of over 11 billion yuan.</p><p>Money is spent on these superficial tasks, and the technical hurdles in car manufacturing have been delayed. Funding is the most crucial thing in car manufacturing. If you only see the factory buildings but not the prototypes and technological progress, you will naturally not be able to find the next step of financing. How can a founder with a traditional car company mindset break free from constraints and start a business from scratch in a down-to-earth manner?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Secondly, there are technical issues. Although Byton's announcements of ultra-large screens and technology have always been far ahead of others, in reality, they are all just empty talk on paper. If the technology cannot be implemented, then<a href=\"https://laohu8.com/S/BJZ.SI\">tall</a>It's no use going up. Looking at the success of Nio, we can see that although the first car did have many shortcomings, once the car was made, improvements and upgrades accelerated. Looking at Byton, they never saw any results from beginning to end. Even the R&D personnel themselves said that some of the underlying technological foundations were lacking, and in the end, there were no cars at all.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If lack of funds and technology are common problems in new energy vehicles, then this year's shareholder disputes were the last straw that broke Byton's back.</b></p><p>During CES in January 2020, Byton had already established contact with Foxconn, hoping to cooperate. It wasn't until the fourth quarter of 2020 that Foxconn decided to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign automakers such as Geely and Fisker, but also reported that it would manufacture its own cars, demonstrating its reliability.</p><p>Judging from the results, Foxconn has indeed accepted the cooperation with technology and sincerity, and has streamlined and adjusted its management, production lines, and technology.</p><p>However, two tigers cannot share one mountain, and now FAW, as the major shareholder, has suddenly stepped in and taken back control, making it clear that it cannot tolerate Foxconn. The management constraints of state-owned enterprises are vividly demonstrated in this. First, they would never delegate power to Foxconn, and second, they would never completely exclude themselves from saving Byton. Therefore, they would rather lose a thousand than hurt eight hundred of their enemies.</p><p>Previously, after leaving Byton, Bi Fukang told US media that he didn't think too much about it when he accepted FAW's investment, and only later discovered the problems caused by excessive intervention. Regardless of who is right or wrong, the major shareholder is inevitably to blame for Byton's entire fate.</p><p>The fact that Byton collapsed again just before it was revived speaks volumes.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>To put it simply, the investment isn't in the company itself, but<b>。 Byton, despite having the necessary qualifications and capital, is unwilling to invest, not only because of mass production and debt issues, but more importantly, because the company lacks leadership from a key figure.</b>Just like Tesla invested in Musk, Li Auto invested in Li Xiang, and even Faraday Future invested in Jia Yueting, look at Byton, how did it win capital?</p><p>Many people say that M-Byte is just one step away from mass production, but is that really the case?</p><p>Definitely not. If it were just a matter of funding, I believe they wouldn't stand idly by after burning through so much real capital.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of emerging electric vehicle manufacturers talking on paper, making all the talk but little substance, and ending up in a mess is commonplace for people in the automotive industry. It is well known that the new energy vehicle industry is rife with bubbles.</p><p>However, history always repeats itself in a cycle, and everything is so familiar.</p><p>In 2013, the new energy vehicle market was booming, attracting a flood of capital. However, the reduction of government subsidies in 2018 triggered a large-scale collapse and liquidation of the industry, resulting in countless casualties. In 2020, new energy vehicle companies experienced another surge, with Tesla and the Three Musketeers breaking through the encirclement and mass production surging, sparking a new energy frenzy. However, most car companies failed before the dawn. In early 2021, subsidies continued to be reduced, and blind investment and illegal construction were strictly regulated, accelerating the survival of the fittest and eliminating and bankrupting a large number of enterprises.</p><p>However, the industry is full of ups and downs. Every time the bubble bursts, a new batch of players will flock in, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become popular again, and the entire industry chain has once again attracted the attention of investors. Not only have sales of new energy vehicles continued to exceed expectations, but the benefits of power batteries, as the \"crown jewel\" of new energy vehicles, are also constantly materializing, with both production and sales of new energy vehicles exceeding 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again become enthusiastic about chasing the hot topics of new energy vehicles. Internet technology giants have entered the market to manufacture cars one after another. In addition, with the continued advancement of \"carbon neutrality\", new energy vehicles have a lot of room to tell stories, and they will continue to do so.</b></p><p>Amidst the turmoil, Byton's bankruptcy was like a bucket of cold water, reminding people of the bubble that once went bankrupt. However, this is how an emerging industry develops. Many players rushed in and entered the market, experiencing ups and downs. Capital, with a \"better safe than sorry\" mentality, poured in one after another.</p><p>In fact, neither the newly entered tech giants nor the emerging car manufacturers that have already successfully mass-produced their vehicles are safe at present. The batch that has gone bankrupt now is one that cannot achieve mass production. What about the next stage? Once the technology matures, it will inevitably become widespread. Once all automakers have achieved production capacity, what will be the next standard for elimination? Whatever it is, there is a great risk that all players still on the track will be eliminated.</p><p><b>Faced with cycles and bubbles, it's not that all automakers that died before dawn weren't seriously building cars. It can only be said that an industry deserves respect, and the bubbles that are squeezed out are necessary for the market to drive industry development in the pursuit of profits.</b></p><p>Just like Byton, even if he stood up again, it would be too late. The once-proud central control screen and intelligent technology are no longer particularly special, and mass production has fallen far behind. It can only be said that one wrong step leads to another loss. Struggling is pointless, and being saved will not gain any advantage.</p><p><h3>5</h3><h3><b>Ending</b></h3>On July 18, 2021, Byton said in an interview with the media: \"We strive to achieve mass production of our first SUV model, the M-Byte, in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to withdraw, everything is predetermined.</p><p>Starting a business, from nothing to something, from small to large, can be described as fraught with challenges and a risk of death. For a considerable period of time, the investment and entrepreneurial communities liked to talk about trends, but the reality is that even if you seize the right opportunity, it doesn't guarantee success. There are far more cases of failure than success.</p><p>The reason is simple: in a crazy industry that no one understands yet, there are far more people who cheat and take advantage of the situation than those who calm down and work diligently.</p><p>Byton is on the verge of collapse, but looking back at its journey, it has attracted a lot of attention by attracting big capital, introducing popular celebrity managers, and using various concept models and promotional tactics, but it has yet to see mass production. All of this has an indescribable familiarity, as if it was deliberately arranged, which inevitably reminds people of the vigorous PPT car manufacturing boom a few years ago.</p><p>Byton is not the first, and it certainly won't be the last.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://www.gelonghui.com/p/476854\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c","relate_stocks":{"LI":"理想汽车","NIO":"蔚来","XPEV":"小鹏集团"},"source_url":"http://www.gelonghui.com/p/476854","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2153864685","content_text":"要说新能源车第一批的头部玩家,除了“三剑客”小鹏理想蔚来之外,拜腾一定算一个。\n因为自创立起,拜腾就包揽了各种顶流光环,宝马的创始人、豪华的技术团队、趋之若鹜的资本……\n它曾被公认为是传统车企的叛逆者,最有希望挑战特斯拉的独角兽。\n然而折腾了几年,却迟迟未能量产,逐渐销声匿迹。直到最近,拜腾再次成为话题的中心,而这次伴随它的却已变成了接连“被破产”的新闻。\n\n相比如今小鹏理想蔚来都已实现量产,并顺利登陆资本市场,成为国内最有希望挑战特斯拉的新势力,拜腾却在死亡边缘的挣扎显得越发可笑。\n明显没了胜算的拜腾,到底还在折腾什么?\n1\n创立——光环满身\n一副“万事俱备,只差东风”的牌,让拜腾打得稀烂。\n若说拜腾的创立,其实毕福康和戴雷都不是主角,真正幕后的大佬是一位神秘商人冯长革。\n冯长革1970年生于河南,2002年下海经商,先后涉足房地产、豪车经销等众多行业。2005年经销宝马汽车才与汽车结缘。2013年旗下和谐汽车已在香港上市,如今市值58亿港币。\n2014年3月,因公司与特斯拉有业务合作,所以冯长革有机会与马斯克会面。与马接触后,他开始产生做智能电动车的想法,随后找到富士康郭台铭、腾讯马化腾一起创造了和谐富腾合伙企业。而作为拜腾创始人的宝马副总裁毕福康和东风英菲尼迪总经理的戴雷都是被他们说服面试而来。\n\n不过2016年,和谐富腾内部爆发分歧,富士康、腾讯并未成功注资,项目也分崩离析。反而是因邀请面试而被说服的戴雷、毕福康对此仍有着极大兴趣,最后自掏腰包注资了FMC,开始转为创始人联合创业。\n而这似乎也奠定了拜腾创生之路上渣男频现的主基调。\n2017年9月,带着顶流光环的拜腾BYTON正式出道。CEO毕福康是宝马“i8之父”,总裁戴雷曾担任英菲尼迪中国总经理,设计副总裁叶禀焕曾在宝马担任设计副总裁。工作人员是一众来自苹果、谷歌、宝马、福特等公司的人才。\n\n全球汽车界驰骋多年的团队叠加中国新能源车的风口,瞬间得到了市场和众多资本的关注,直接晋级新能源电动车企的第一梯队。\n不过命途多舛。拜腾刚开始造车就赶上了2017年中国对造车资质的收紧,没有时间等待审批的拜腾选择了与一汽合作。不仅在B轮融资中,接受了一汽投资的2.6亿美元使其成为大股东,更在随后接受了华利汽车100%股权获得乘用车生产资质。\n但作为交换条件,拜腾也承担了一汽华利8亿元的债务,以及5462万元的员工薪酬。这也为其后拜腾的债务危机埋下伏笔。\n创立以来,拜腾汽车先后进行了6轮融资。仅前四轮融资,资金规模已达84亿元人民币,融资中除了一汽,还包括南京国资委、宁德时代等大佬。\n在造车新势力中,虽然与蔚来、威马、小鹏等车企的融资额仍有较大差距,可与其他新势力车企相比,也不算少的了。\n2\n倒下——虱子满堆\n融资解决后,拜腾渡过了一小段顺利时光。\n2018年1月,美国拉斯维加斯国际消费电子展(CES)上,拜腾发布了首款概念车“BYTON Concept”,定位为豪华中型SUV,这款车一经亮相便受到业内广泛关注。\n2018年4月,拜腾的南京工厂试炼车间已正式启用,试制样车也下线。\n2018年6月,“拜腾之夜” 拜腾旗下第二款产品:K-Byte Concept概念车全球首秀,以创新设计风潮、酷炫人机交互和国际先进的电动车平台开发,再次引发了极高的关注和讨论。\n同时,管理层亦公开表示,拜腾首款量产车型的预生产也将在2019年上半年实现。\n\n资质、生产线、技术、资金……表面上看,拜腾样样不差,就等量产了。\n然而,等来等去,等来的是拜腾分崩离析的噩耗。\n2019年4月,拜腾主帅毕福康竟然出现在了艾康尼克(ICONIQ)展台,并宣布出任其CEO。拜腾的负责人变成了联合创始人戴雷。\n这一出走直接带走了很多追随毕福康加入团队的重量级人物,如汽车数字技术副总裁陈泰宇,他走后最关键的中央网关工作几乎完全停滞。\n此外,戴雷上位后,由于更信任外国人,不同国家话语权明显不公,在内部沟通上,各部门和上下级之间更是矛盾重重,甚至电子电器团队和动力系统团队很少交流,这在造车领域闻所未闻。\n2019年下半年,预期的量产不仅没有到来,公司也愈发混乱。两个灵魂人物的矛盾也带着公司走向深渊。\n\n传统车企的叛逆者出逃,投资人自然对拜腾没了兴趣,加上2019年资本对新能源车的热情下降,拜腾的进展也举步维艰,说好的量产从年初拖到年尾都未能实行。\nC轮融资迟迟不能到位,资金链的断裂不仅导致车型上市时间推迟,公司经营也难以为继,几乎彻底崩盘。\n2020年4月份,拜腾美国分公司有50%的员工被“安排休假”;5月底,公司账面资金只剩下100多万美元,戴雷承认拖欠员工工资9000万;2020年6月30日,拜腾汽车宣布停工停产;7月,拜腾被央视点名“烧光84亿造不出量产车”……\n不仅如此,拜腾还背负着巨额债务,对一汽夏利的4.7亿元剩余欠款,工厂建设工程款和设备尾款。\n那一年,新能源车企的境况呈现完全相反的两个极端。小鹏理想蔚来已成功出圈,成为众人追捧的新能源之神;而很多PPT造车被示众,淘汰的淘汰,合并的合并,破产的破产。\n不过,拜腾仍寄托了市场的希望,和蚂蚁、快手等巨头一起被评为胡润年度全球独角兽。\n果不其然,拜腾虽死未僵。2021年1月,拜腾宣布,与鸿海集团所成立的 MIH 电动车联盟、南京经济技术开发区共同签署战略合作框架协定,由富士康科技、鸿华先进派驻团队进驻Byton的南京工厂,协助Byton实现量产电动新车的目标。\n但此次合作后来似乎也没有进一步的消息。\n结合6、7月公司接连被宣布破产的消息可知,一汽的介入再次让拯救者富士康无用武之地,已有退出的打算,一汽已接管了公司的管理控制权。\n传统车企的叛逆者,再次卡在了悬崖边。\n当年创立拜腾的两位传统车企大佬毕福康和戴雷,却一个成了FF的首席执行官,另一个加盟了恒大汽车担任常务副总裁,留下了拜腾垂死挣扎。\n3\n究竟错哪了?\n其实,纵观拜腾的基本盘还是很可以的。\n拜腾的品牌认知度高,有接近完成的量产车、造型设计一流的50英寸大横屏以及政府国企的合作背景,更重要的是全新的南京工厂和生产资质是货真价实的资产。\n那么拜腾到底错哪了?\n其实,拜腾没能实现量产的结局,是因为在他每一步发展中,都遇人不淑。\n首先最明显是钱不够的问题,也就是创始人的锅。造车都是浪费钱的,蔚来曾经说没有200亿造不出来车,最新入局者恒大造车不到一年也扔进去了400亿。但是拜腾的现金流吃紧,并不是造车浪费的,而是管理分配问题。\n拜腾的团队全部是从传统车企而来,创始人毕福康风格也惯于奢侈浪费,在花钱上分配很有问题。最有名的莫过于拜腾的300人吃掉了5000万元的零食,一盒名片费用高达千元,这还只是小钱;选择的供应商、合作也要顶流,对标特斯拉,更耗资巨大的是在产线设备、开发投入,拜腾总裁戴雷曾高傲地宣称:“拜腾与其它的互联网造车企业不同,不会选择代工,我们要自建工厂造车。”于是光收购资质,就莫名多出了8.5亿元的债务;在南京的全球生产基地占地1200亩,总投资逾110亿元。\n钱都花在这些表面功夫上,造车的技术关迟迟没有突破。而资金就是造车最为关键的事情,只看到厂房没看到样车和技术的进度,下一步融资自然没有着落。试问一个带着传统车企思维的创始人,如何跳出桎梏,踏实的从头创业呢?\n\n其次是技术问题。虽然拜腾对外公布的超大屏、技术一直遥遥领先其他,但实际上,都是纸面上的空谈。技术落不了地,再高大上也没用。看看蔚来的成功可以感受到,虽然第一款车确实不足很多,但是车做出来了,改进和升级也就快了。再看拜腾,自始至终都没有看到成果,甚至研发人员自己都表示,有些底层技术基础是缺失的,造车造到最后根本没有车。\n\n如果说缺钱缺技术是新能源车的通病,那么今年股东之间的纷争就是压死拜腾的最后一根稻草了。\n2020年1月的CES期间,拜腾就已经和富士康建立联系,希望合作。直到2020年四季度,富士康才下定决心派人到南京尽调,在这期间富士康不仅先后与吉利、Fisker等国内外车企合作,更有消息曝出,将自己造车,说明很靠得住。\n从效果来看,富士康也确实是带着技术和诚意的,合作接受手,不管是对管理还是生产线和技术都进行了梳理和调整。\n不过一山不容二虎,如今作为大股东的一汽却突然出手,接回了控制权,已摆明了容不下富士康的。国企在管理上的桎梏在这其中表现的淋漓尽致,首先绝不可能对富士康放权,其次也不可能让自己完全排除在救活拜腾之外,因此宁可自损一千,也要伤敌八百。\n此前毕福康在出走拜腾后,也曾对美媒说,接受一汽的投资时没想那么多,之后才发现干预过多产生的问题。不管孰对孰错,拜腾的整个命运中,大股东必然难辞其咎。\n如今拜腾在被救活的前一刻,再次倒塌,也足以说明了一些问题。\n\n对于创业公司来说,投的不是公司而是人。如今拜腾资质不差资本却不愿投入,不仅是因为量产和债务问题,更难的是企业没有灵魂人物的带领,就好比投特斯拉投的是马斯克,理想投的是李想一样,甚至是法拉第未来投的也是贾跃亭,看看拜腾,靠什么赢得资本呢?\n很多人说,M-Byte的量产就差“临门一脚”,但真的是这样吗?\n必然不是。如果只是资金问题,相信烧了这么多真金白银的资本不会见死不救。\n4\n历史再次重演\n造车新势力纸上谈兵,雷声大雨点小,最后一地鸡毛的故事,对于汽车圈内的人士而言早已司空见惯。新能源车行业充满了泡沫,也是众所周知。\n然而历史永远是在轮回中不断的重复,一切都是那么熟悉。\n2013年新能源车赛道大热,资本蜂拥而至,然而2018政府补贴退坡,引发了行业大面积暴雷出清,死伤无数;2020年的新能源车企再次大爆发,特斯拉和三剑客突出重围,量产暴涨带起了新能源狂欢,然而更有大多数车企倒在了黎明前;2021年初补贴继续退坡,盲目投资、违规建设等被严格监管,加速优胜劣汰,又淘汰和破产了一大波企业。\n然而行业起起伏伏,每次泡沫挤压过后,都会有新一批玩家蜂拥而至,仿佛失败从未出现过。\n\n最近,新能源再次火热,整个产业链也再次受到了投资者关注。不仅新能源汽车销量持续超预期,动力电池作为新能源车“皇冠上的明珠”利好也不断落地,新能源汽车产销量双双超过120万辆,同比增长200%。\n\n于是资本也再度狂热追逐新能源汽车的热点,互联网科技巨头们纷纷下场造车,加上“碳中和”持续推进,新能源汽车讲故事的空间很大,而且还要继续讲。\n风风火火之下,拜腾的破产像是一盆冷水,让人们想起了曾经破产的泡沫。不过一个新兴行业的发展,就是如此,众多玩家闻风而动,相继入局,起起落落,资本本着宁杀错不放过的心情,前赴后继。\n其实,不管是新入局的科技巨头们,还是已经成功量产的造车新势力,目前都未必安全。现在倒闭的是不能实现量产的一批,那下一阶段呢?技术成熟后,必将全面普及,当所有车企都能量产后,下一个出清的标准是什么呢?不管是什么,所有还在赛道的玩家被淘汰的危机都很大。\n面对周期,面对泡沫,不是说所有死在黎明前的车企们都没有在认真造车,只能说一个行业值得敬畏,而被挤出的泡沫们,是市场在追逐利益中推动行业发展的必需品。\n就如拜腾一样,就算再站起来,也晚了。曾经引以为豪的中控屏、智能化已不具备特殊性,量产又被远远落下,只能说,一步错步步输。挣扎已毫无意义,被救活也占不到任何便宜。\n5\n尾声\n2021年7月18日,拜腾在面对采访媒体时说:“力争在2022年第一季度实现首款SUV车型M-Byte量产。”\n这个答案你信吗?\n反正我不信。\n毕竟在它的债权人选择申请破产时、在它的员工选择离职、高管选择出走时,在他的合作伙伴选择退出时,一切的结局就注定了。\n创立一家企业,从无到有,从小到大,某程度上可以说荆棘满地、九死一生。过去相当长的一段时间,投资界、创业界喜欢讲风口,但事实是,即使抓对了风口,也不见得一定能成事,翻车的案例,绝对比成功的案例多得多。\n原因很简单,在一个的疯狂且众人还未看明白的赛道里,坑蒙拐骗、趁机割韭菜的人,比静下心来踏实做事的人,多得多。\n拜腾要倒下了,但回看它的一路,搭上大资本方、引入流量明星经理人、各种概念车型和宣传套路赚足眼球,但就是迟迟不见量产,这一切,有几分说不出的熟悉,好像刻意安排,这不禁让人想起数年前那场轰轰烈烈的PPT造车潮。\n拜腾,不是第一个,也肯定不会是最后一个。","news_type":1,"symbols_score_info":{"NIO":0.9,"XPEV":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":4939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149087120,"gmtCreate":1625694741060,"gmtModify":1703746413460,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149087120","repostId":"2149390842","repostType":4,"repost":{"id":"2149390842","kind":"highlight","pubTimestamp":1625668450,"share":"https://ttm.financial/m/news/2149390842?lang=en_US&edition=fundamental","pubTime":"2021-07-07 22:34","market":"us","language":"zh","title":"Oil prices plummet as the UAE plans to unilaterally sell off oil.","url":"https://stock-news.laohu8.com/highlight/detail?id=2149390842","media":"华尔街见闻","summary":"阿联酋制定了一项新战略:在需求枯竭之前尽可能多地出售原油。","content":"<p>On Wednesday, the price of the main WTI crude oil futures contract fell sharply during trading.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>In terms of news, the the US Dollar Index DXY broke through the previous high of 92.76, reaching a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC+ regarding whether to increase oil production, a key cartel member—the UAE—has developed a new strategy:<b>Sell as much crude oil as possible before demand dries up.</b>The UAE has the world's largest untapped oil reserves, and this strategy marks the most significant shift in its oil policy in history, breaking with conventional wisdom. After all, the country's government has said for years that it is not worried about not finding buyers for crude oil for a long time to come (thus breaking the sell-off).</p><p>On the supply side, the parties involved in the Iran nuclear deal held multiple rounds of talks in Vienna starting in early April this year, and have not reached a consensus for three months now. With the election of hardline representative Raisi as Iran's new president, wariness towards the United States in the nuclear negotiations will only intensify. The market has repeatedly postponed the date for Iranian crude oil to return to the market, and the road ahead is currently long and arduous, with an uncertain future. The breakdown of OPEC+ negotiations means that subsequent production increase plans have been shelved, which will further exacerbate the global crude oil supply shortage.</p><p>On the demand side, global economic growth is expected to accelerate further, with developed economies continuing to outpace emerging economies in their recovery pace. The World Bank's latest Global Economic Prospect report raised its 2021 global economic growth forecast from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and commuting in many countries have reached their highest levels since the beginning of last year. The travel index of major Eurozone economies is only about 10% lower than before the pandemic, while the travel activity index in the United States is down 6.5% from before the pandemic. With the lifting of travel restrictions, the consumption of aviation kerosene has greater potential for growth than the demand for land transportation fuel. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, further widening the crude oil supply and demand gap.</p><p>In terms of liquidity, the probability of a large-scale change in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading economic indicators in Europe and the United States have declined, raising market concerns that the economy may enter a stagflationary or deflationary cycle. According to the \"Merrill Lynch clock\" theory, crude oil prices perform well during stagflation periods, and we believe that the risk of deflation is not significant overall.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices plummet as the UAE plans to unilaterally sell off oil.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices plummet as the UAE plans to unilaterally sell off oil.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-07 22:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On Wednesday, the price of the main WTI crude oil futures contract fell sharply during trading.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>In terms of news, the the US Dollar Index DXY broke through the previous high of 92.76, reaching a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC+ regarding whether to increase oil production, a key cartel member—the UAE—has developed a new strategy:<b>Sell as much crude oil as possible before demand dries up.</b>The UAE has the world's largest untapped oil reserves, and this strategy marks the most significant shift in its oil policy in history, breaking with conventional wisdom. After all, the country's government has said for years that it is not worried about not finding buyers for crude oil for a long time to come (thus breaking the sell-off).</p><p>On the supply side, the parties involved in the Iran nuclear deal held multiple rounds of talks in Vienna starting in early April this year, and have not reached a consensus for three months now. With the election of hardline representative Raisi as Iran's new president, wariness towards the United States in the nuclear negotiations will only intensify. The market has repeatedly postponed the date for Iranian crude oil to return to the market, and the road ahead is currently long and arduous, with an uncertain future. The breakdown of OPEC+ negotiations means that subsequent production increase plans have been shelved, which will further exacerbate the global crude oil supply shortage.</p><p>On the demand side, global economic growth is expected to accelerate further, with developed economies continuing to outpace emerging economies in their recovery pace. The World Bank's latest Global Economic Prospect report raised its 2021 global economic growth forecast from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and commuting in many countries have reached their highest levels since the beginning of last year. The travel index of major Eurozone economies is only about 10% lower than before the pandemic, while the travel activity index in the United States is down 6.5% from before the pandemic. With the lifting of travel restrictions, the consumption of aviation kerosene has greater potential for growth than the demand for land transportation fuel. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, further widening the crude oil supply and demand gap.</p><p>In terms of liquidity, the probability of a large-scale change in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading economic indicators in Europe and the United States have declined, raising market concerns that the economy may enter a stagflationary or deflationary cycle. According to the \"Merrill Lynch clock\" theory, crude oil prices perform well during stagflation periods, and we believe that the risk of deflation is not significant overall.</p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"https://wallstreetcn.com/articles/3634829\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b40d7f90c920f8b2d2d6c0e89575a430","relate_stocks":{"USO":"美国原油ETF"},"source_url":"https://wallstreetcn.com/articles/3634829","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149390842","content_text":"周三盘中,WTI原油期货主力合约价格直线下跌。\n\n消息面上,美元指数DXY突破前高92.76,创4月6日以来新高。\n另一方面,在OPEC+内部关于是否提高石油产量的僵局背后,一个关键的卡特尔成员——阿联酋制定了一项新战略:在需求枯竭之前尽可能多地出售原油。阿联酋是世界上最大的未开采源油储备国,该国的此项战略,标志着其石油政策正在发生历史上最显著的转变,并正在打破传统观念。毕竟多年来该国政府一直表示,他们并不担心在未来很长一段时间内找不到原油买家(从而击破出售)。\n供应方面,伊核协议相关方今年4月初开始在维也纳举行了多轮会谈,至今已持续三个月仍未达成共识。强硬派代表莱西当选伊朗新总统后,在核谈判中对美国的戒备心只会更加强烈。市场对伊朗原油回归市场的日期已经多次推迟,目前看道阻且长、前景难料。而OPEC+谈判破裂,意味着后续增产计划搁浅,将进一步加剧全球面临原油供应紧张的局面;\n需求方面,全球经济增长有望进一步提速,发达经济体复苏步伐继续领先新兴经济体。世界银行发布的最新一期《全球经济展望》报告,将2021年全球经济增长预期由4.1%上调至5.6%。随着疫苗接种的不断推进和经济的重新开放,欧美道路出行需求得到明显释放。许多国家的公共交通和上班出行都到了去年年初以来的最高水平,其中欧元区各大经济体出行指数仅较疫情前低10%左右,美国出行活动指数较疫情前下降了6.5%。随着出行限制的解除,航空煤油的消费相较于陆上交通燃料需求具有更大的上涨空间。高盛预计6月全球需求达到了9690万桶/天,8月份全球需求将达到9923万桶/天,原油供需缺口将进一步放大。\n流动性方面,三季度主要经济体货币政策立场发生大规模变化的概率较低,货币市场利率仍将保持低位运行态势。欧美经济运行领先指标回落,市场忧虑经济可能进入滞胀或通缩周期。按照“美林时钟”理论,滞涨期原油价格有不错的表现,至于通缩风险我们认为总体而言并不大。","news_type":1,"symbols_score_info":{"USO":0.9,"CLmain":0.9}},"isVote":1,"tweetType":1,"viewCount":5799,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084162,"gmtCreate":1625694671756,"gmtModify":1703746412806,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569639956293909","authorIdStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084162","repostId":"1138737345","repostType":4,"isVote":1,"tweetType":1,"viewCount":4579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}