My Daily Basic Stipend Is 10 Million

Chapter 235: Chapter 180: Who Will Take the Fall? (Part 2)

Painless and Itchless was a regular guest, responsible for reporting the sales figures each episode. He took the microphone and began.

"Hello, everyone. As usual, the data I have might differ slightly from what some automakers report. That’s because I only count final vehicle registrations."

"Some manufacturers have a large network of dealerships and often include wholesale shipments in their sales figures, which is why there’s a discrepancy with my data."

"First, let’s go over last week’s overall market situation. The total volume for the auto sales market was 420,000 units, up 5% from the same period last year."

"Of those, new energy vehicles accounted for 230,000 units, once again exceeding 50% market share!"

"Prince Di is still in a league of its own, leading the pack by a huge margin with weekly sales of 110,000 units."

"Next up is Lixiang Auto with 13,000 units sold last week, followed by Hongmeng Intelligent Selection Car at 12,000. Speed Run Auto has really taken off—it seems its ’little Lixiang’ nickname is well-deserved, as it also hit 12,000 units last week!"

"Speed Run Auto is also the first new energy vehicle brand in the sub-200,000 yuan category, aside from Prince Di, to surpass 10,000 weekly sales. That’s worth celebrating! They’ve really secured their footing with this."

Speed Run Auto earned the nickname "little Lixiang" because it was the first to bring Lixiang’s "refrigerator, color TV, and big sofa" philosophy to a vehicle under 200,000 yuan. For a 160,000 yuan car, it had a five-meter-long body, a six-seat layout, the "refrigerator, color TV, and big sofa" combo, and, crucially, a basic version of an intelligent driving system.

These specs were completely maxed out, causing sales to explode. It managed to carve out a niche in a market segment absolutely dominated by Prince Di. You have to admit, this brand is pretty damn amazing.

"Now for a few brands that get a lot of attention but have relatively flat sales. Shanyun Auto sold 1,950 units last week. And as for the two brands that have been tearing each other apart online recently, Feichi Auto had weekly sales of 1,200 units, while Junxing Auto’s sales have been zero for two weeks straight!"

Chen Xiao muted his mic and sent a message to Xu Wu: "Is Xu Gang planning to hold onto those old Tianqi 01s until New Year’s? Tell him to slash the prices and get rid of them. The model’s discontinued anyway, so it won’t affect the upcoming Junxing M7."

Xu Wu replied, "I’ve already given the order. We don’t have much inventory left. If we sell them all now, we’ll have no cars to sell before the Junxing M7 launches."

Chen Xiao replied, "Then stick to your own timeline."

His greatest strength was that he offered suggestions without being dictatorial. He trusted Xu Wu’s professional judgment.

Painless and Itchless usually only reported data for a few major manufacturers. Shanyun Auto was included because it was a hot topic of debate online.

The brand has a certain commercial appeal and a dedicated fanbase, but its sales volume is low.

Consequently, another segment of the public is very pessimistic about the brand, mainly because it has been losing money continuously since its inception.

Its market capitalization has plummeted from a peak of 100 billion to 30 billion, and it’s still in free fall.

Rumor has it that their cash reserves are running low, and they’ve recently been looking for a new round of financing.

As for laggards like Feichi Auto and Junxing Auto, they were never usually part of the discussion. They were brought up today to set the stage for the next topic.

Sure enough, Xiangzi spoke up. "Alright, so sales continued to climb last week. Prince Di has now surpassed 100,000 weekly sales for several weeks in a row. Absolutely terrifying!"

"Lixiang Auto has topped the luxury new energy vehicle sales charts for many weeks running. Meanwhile, Hongmeng Intelligent Selection Car is soaring in both sales volume and price. Not only are its sales steadily increasing, but crucially, its average transaction price per vehicle is already around 400,000 yuan."

"That’s far ahead of the runner-up, Mercedes-Benz, with an average price of 330,000 yuan. What’s even more terrifying is that their best-selling model is also their most expensive one, the M9. It’s just insane!"

"Another thing to note is that while almost every other brand is offering customer incentives, Hongmeng Intelligent Selection remains as solid as a rock, with no new discounts or promotions whatsoever."

He hadn’t even finished speaking when the comment section exploded. Some praised his professionalism, while others called him a suck-up.

The internet is full of all kinds of people, and trolls are everywhere. You shouldn’t do livestreams if you don’t have thick skin. Clearly, Xiangzi’s heart was made of stone.

"Alright, let’s move on to our next topic. I want each of our guests to name the car company they believe will be the next to go bankrupt, and explain why."

"Let’s be clear on the rules: you have to name the specific brand. Haha, exciting, isn’t it?"

General Cao said, "Xiangzi, you’re really putting us on the spot!"

Xiangzi replied, "If I don’t, everyone will just beat around the bush. This is more exciting. Alright, let’s have General Cao start us off!"

"Damn it, Xiangzi, you’re making an example out of me!"

After joking around, General Cao said, "Alright, I’ll share my thoughts. If we’re talking about which brand will go under first, I think Shanyun Auto is in a very dangerous position."

"Why? Because it’s out of money! This is a company that prides itself on heavy R&D investment, and it’s run out of cash. And this is after the founder has gone through multiple financing rounds and his own equity has been severely diluted!"

"What’s he going to do now? How long would another round of financing even last? After a few more rounds, will Shanyun Auto still even belong to its founder?"

"If they don’t get more financing, what choice do they have but to go bankrupt? Honestly, I think they should just stop trying to raise funds and find a buyer sooner rather than later."

"Oh, and speaking of which, I’ve got to complain about something. I have no idea what that recently prominent Junxiao Investment Group was thinking. If they wanted to get into the new energy vehicle space, why would they acquire the worthless Tianqi Auto instead of Shanyun Auto? Is this not a classic case of having more money than sense?"

"Okay, stop! General Cao, you’re getting off-topic!" Xiangzi cut in. If he didn’t interrupt him, the man would just get completely carried away.

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