As of March 28, China's new forces of the three strong ideals, Weilai, and Xiaopeng have successively completed the release of their 2021 financial reports. In 2021, the annual delivery volume of these three new forces is close to 100,000 vehicles, which is the same level and far ahead of other new forces.
Then, since it is the top three, the strength of the three companies should also have a strong you and me weak, and the delivery volume is close to 100,000 vehicles, so the other data behind it is also worth our analysis and study.
First, let's list several dimensions of data, including revenue, R&D investment, gross margin, and vehicle gross margin. In terms of revenue, the ideal is 27.01 billion yuan, WEILAI is 36.1364 billion yuan, And Xiaopeng is 20.99 billion yuan; in terms of R&D investment, the ideal is 3.29 billion yuan, Weilai is 4.5919 billion yuan, and Xiaopeng is 4.11 billion yuan; in terms of gross profit margin, ideal 21.3%, WEIlai 18.9%, Xiaopeng 12.5%; vehicle gross margin, ideal 20.6%, WEIlai 20.1%, Xiaopeng 11.5%.
It is worth noting that in 2021, Xiaopeng's delivery volume is higher than ideal and Weilai, but the revenue is the lowest of the three. The reason is simple, looking at the gross profit margin of the vehicle, xiaopeng's vehicle gross margin is only 11.5%, while the other two are more than 20%.
In fact, Xiaopeng itself is following the development route from bottom to top, first launching the G3, and then launching the P7 and P5, and it is said that the G9 will be launched in the third quarter of this year. From the perspective of market acceptance, the price of grounded models is naturally more acceptable, so Xiaopeng to take such a development route is beyond reproach, and now Xiaopeng is indeed developing better and better, at least the product layout is somewhat similar to the thinking of traditional car companies, and it is also quite stable.
As for the low gross profit margin of the vehicle, there is also a point of view that Xiaopeng is more close to the people than the ideal and Weilai, so the pricing is lower, which is not to say that his car is lower than the ideal and Weilai. On the contrary, in terms of intelligence, high-speed NGP has become quite mature. In addition, the second quarter of this year will also push the city NGP, which can be described as ahead of the ideal and Weilai, and the scientific and technological attributes are full.
Of course, in order to be able to continue to develop in the long run and in the long run, Xiaopeng still needs to accelerate the pace of improving the gross profit margin and gross profit margin of the vehicle, after all, its gross profit margin in 2021 is only 12.5%. In any case, after all, the performance in controlling costs and profitability will directly affect investors' confidence in it.
Since we mention intelligence, we still have to combine R&D investment to talk about it. In terms of R&D investment, the ideal is 3.29 billion yuan, Weilai is 4.5919 billion yuan, Xiaopeng is 4.11 billion yuan, divided by the revenue, the ideal R&D revenue ratio is 12.18%, Weilai is 12.71%, and Xiaopeng is 19.58%.
Through the above two groups, we can see that in the R & D investment of the three companies, the ideal is low, and the R & D revenue ratio is also the lowest, which directly shows that the ideal investment in technology is not as good as Weilai and Xiaopeng. Indeed, in terms of intelligence, the ideal NOA was only late at the end of 2021, and it was delayed for some time, while the intelligent driving assistance functions of Weilai and Xiaopeng have long been used by car owners.
National public opinion car: the ideal to take the old route, Weilai and Xiaopeng will have a big breakthrough
From the perspective of the layout in 2022, Ideal, Weilai and Xiaopeng are different and slightly different. Ideal plans to launch a brand new model, but still takes the extended-range route, which is larger and more expensive than the existing Ideal ONE, and the much-anticipated ET7 of Nio also began delivery on March 28. In addition to pushing the city NGP in the second quarter, Xiaopeng will also deliver G9 in the third quarter. In the 2021 financial report information and the layout of 2022, do you think that the new forces are the top three, who will be stronger in the future?