[?Yiou Introduction?]?In February 2020, car companies switched production to save the mask crisis; NIO officially announced that it would settle in Hefei, and the project plans to raise more than 10 billion yuan; CATL officially announced that it will "hand in hand" with Tesla; it plans to raise 20 billion yuan

Expanding battery project production capacity Author丨Ding Wei Editor丨Zhang Yuzhe In order to make it easier for everyone to understand and review the major events that occurred in the automobile travel industry in February, Yiou Automobile has conducted a summary of the major events of the month according to different categories such as traditional car companies, new car companies and technology companies.

tidy.

In February 2020, major companies handed over their financial reports for the previous year one after another.

Ford's full-year net profit in 2019 was US$47 million, a decrease of 98.7%. However, Ford's losses in China continued to narrow.

General Motors' net profit in 2019 reached US$6.7 billion.

After accounting for a $3.6 billion hit from the strike, adjusted EBIT was $8.4 billion.

Nissan's financial performance for the full year of 2019 was dismal and it lowered its expected profits again.

Renault Automobile Group's net profit fell by 141 million euros compared with last year, its first annual loss in 10 years.

The financial situation of travel companies Uber and Lyft in 2019 is also not optimistic.

Uber's full-year revenue in 2019 was US$14.147 billion, a year-on-year increase of 25.53%, but its net loss exceeded US$8.5 billion; Lyft's full-year revenue was US$3.6 billion, a year-on-year increase of 68%, exceeding market expectations; its full-year net loss was US$2.6 billion, compared with

Compared with the net loss of US$900 million in 2018, it nearly tripled year-on-year.

In February 2020, the COVID-19 epidemic was raging, and many companies took practical actions to offset the haze caused by the epidemic and save the mask crisis.

SAIC-GM-Wuling, BYD, and GAC have begun to invest in mask production. In the future, the masks jointly produced by these automobile companies may reach one-half of the country's production capacity.

Among new car companies, Weilai has received a lot of good news.

In mid-February, NIO completed two convertible bond financing projects worth US$100 million each.

The latest sales results previously announced by NIO show that NIO delivered 1,598 vehicles overall in January 2020. NIO delivered an average of 100 vehicles per day in January, a year-on-year increase of 22%, and sales efficiency has improved.

In addition, Weilai officially announced that it will settle in Hefei, and the project plans to raise 14.5 billion yuan for the company's research and development, market system establishment and operation; at the same time, it plans to build a headquarters, research and development base, and a second production base.

In the power battery industry, the long-rumored cooperation plan between CATL and Tesla has finally come to fruition.

Riding Tesla’s fast train, CATL once again topped the GEM with a market value of 375.1 billion yuan.

Against the background of the stock market wailing at the beginning of 2020, its market value has nearly doubled.

Subsequently, at the end of February, CATL announced that it would raise 20 billion yuan through private equity to continue to expand production capacity and increase profitability.

Traditional car company PSA and Saft establish battery company, 5 billion euros to tackle electric power. On February 3, according to foreign media reports, PSA Group will jointly establish two automotive power battery factories with French battery manufacturer Saft.

It is reported that PSA and Saft will invest a total of 5 billion euros to establish a joint venture named Automotive Cell Company (ACC), with each party holding 50% of the equity.

Ford's profit plummeted 98.7% in 2019, and its operating loss in the Chinese market was US$771 million. On February 4, Ford released its fourth quarter and full-year financial performance report for 2019.

Financial report data shows that for the whole of 2019, Ford Motor's net profit was US$47 million, a decrease of 98.7% compared with the net profit of US$3.7 billion in 2018.

In terms of revenue, there was no such sharp decline.

In the fourth quarter of 2019, Ford's revenue reached US$39.7 billion, a year-on-year decrease of 5%.

For the full year of 2019, Ford's revenue was US$155.9 billion, a year-on-year decrease of 3%.

Geely invests 370 million to develop "healthy cars" that can prevent viruses; Geely Automobile and Volvo Cars are planning to merge into a global group. On February 4, Zhejiang Geely Holding Group (hereinafter referred to as "Geely Group") announced that its decision will be made by

Geely Automobile has invested RMB 370 million in advance to launch the research and development of "all-round healthy cars" with virus prevention functions.

This type of vehicle will be different from professional medical protective vehicles. It will be a consumer-grade product mainly for ordinary consumers, and will focus on breakthroughs in virus prevention functions and technologies in the vehicle.

"Vehicle prices will not increase significantly." In this regard, Geely Group insiders said that the project is currently in the initial start-up stage and the specific timetable has yet to be confirmed.

On February 10, Volvo Car Group and Geely Automobile Holdings Co., Ltd. announced that they are planning to integrate their businesses to form a more powerful global enterprise group.

This powerful alliance aims to promote deeper cooperation between the two parties and achieve more effective collaboration in technology research and development, cost control and finance.