The Dayson Electric Vehicle Project has finally sounded the alarm bell for Chinas new energy automobile industry

category:Finance
 The Dayson Electric Vehicle Project has finally sounded the alarm bell for Chinas new energy automobile industry


According to First Financial Journalist, Daysons automobile team has at least 400 people and will be transferred to other major businesses. Daysons electric vehicle project has been under way for more than four years. The company originally planned to launch its own electric vehicle in 2020.

James Dyson once hinted that the electric car would be expensive. He said, Maybe the number of deposits consumers are prepared to pay is better than the number of orders.

Dayson also said he was trying to rigorously identify potential buyers for the business, but unfortunately, no progress has been made so far that the automotive business has to be terminated.

Dayson has promised to invest 2.5 billion in new technology research and development and the expansion of the Dayson Institute of Engineering and Technology by 2020, and the company says the investment plan will not be affected. In addition, the company will focus on manufacturing solid-state batteries and other core technology projects, and actively develop sensing technology, vision systems, robots, machine learning technology and artificial intelligence technology. Our batteries will lay a solid foundation for Dyson. Dayson wrote in the letter.

However, the market has not been optimistic about the Dayson electric vehicle project from the beginning, because it is very difficult for a company like Dayson, which is completely inexperienced in car manufacturing to solve a series of problems, such as engineering design, manufacturing, production and testing supervision. Analysts believe that although Dyson has engine technology, it does not have chassis technology and production plants at all.

Car building is not just about technology. Its a long process to bring a car to market. A manager of a traditional automobile company told me, We are about to launch an electric vehicle, which started the whole process five or six years ago, and this is on the premise of having manufacturing equipment, mature supply chain and human resources. Know that impact testing alone is a huge problem and meets the different requirements of each market. For example, the European market has introduced more stringent policies on car safety. It will take several years, not months, to pass the quality inspection.

Despite Daysons announcement of the termination of the electric vehicle project, the company did not acknowledge that it was a failure. Technically, Dyson has developed the worlds most advanced and safe solid-state battery technology, while supporting fast charging. As early as 2015, Dyson bought Sakti3, the worlds leading solid-state battery company, at a high price of $90 million.

The development of electric vehicles is a global trend. Countries including China and Germany have announced plans to end fuel vehicles. The specific implementation schedule will be between 2030 and 2040. This also makes electric vehicles an inevitable choice in the future.

But most Internet car companies face enormous challenges, apart from Tesla, which has established a production scale for electric vehicles. Since Weilai went public, its share price has fallen to about $1.5. According to Weilai Automobiles second quarter earnings, its asset-liability ratio is close to 100%. From 2016 to 2018, Weilais net losses were 2.573 billion yuan, 5.521 billion yuan and 9.638 billion yuan, respectively, and the cumulative losses in three years amounted to 17.233 billion yuan. In addition to the losses of 2.623 billion yuan and 3.285 billion yuan in the first half of this year, Weilais total losses reached 23.14 billion yuan, which made the decline difficult. Jia Yueting has also resigned as CEO of FF, FF has lost almost all its founding members, and the production prospects of FF91 are bleak. Nevertheless, many Chinese companies have been investing in new energy automotive industry one after another. Source: First Financial Responsibility Editor: Zhong Qiming_NF5619

But apart from Tesla, which has established a production scale of electric vehicle manufacturers, most of the Internet car companies are facing great challenges. Since Weilai went public, its share price has fallen to about $1.5. According to Weilai Automobiles second quarter earnings, its asset-liability ratio is close to 100%. From 2016 to 2018, Weilais net losses were 2.573 billion yuan, 5.521 billion yuan and 9.638 billion yuan, respectively, and the cumulative losses in three years amounted to 17.233 billion yuan. In addition to the losses of 2.623 billion yuan and 3.285 billion yuan in the first half of this year, Weilais total losses reached 23.14 billion yuan, which made the decline difficult.

Jia Yueting has also resigned as CEO of FF, FF has lost almost all its founding members, and the production prospects of FF91 are bleak. Nevertheless, many Chinese companies have been investing in new energy automotive industry one after another.