The road to the Internet is difficult and tortuous: LeTV, Tencent, and Foxconn are all lessons

LeTV, which just announced its landing in the US, is being challenged by a new wave of funding chains. The media reported that LeTV's share price plummeted, and the Domino crisis loomed. The "super car" or the car was destroyed. At the same time, Tencent's car was also "frustrated."
  
With the continuous development of the automobile market, 2014 was called the first year of various technology giants entering the car. In the past two years, more and more Internet companies have joined the “building camp”. Internationally, giants such as Microsoft, Apple, and Google have already taken action; domestic Internet companies such as LeTV, Alibaba, Tencent, and Baidu have also joined the field of "smart cars." However, the "Internet-made cars" at home and abroad have been constantly raging.

   LeTV: "Lack of money" or make the plan abandon
  
Since the announcement of the car, LeTV has been the ppt and concept creator in the industry, and the sound of “burning money” projects that are not optimistic is also one after another. On November 6, LeTV Holdings CEO Jia Yueting issued an open letter in response to the company's insufficient funds. He pointed out that LeTV had invested heavily in the early stage and spent more than 10 billion of its own funds, which directly led to his personal financial support for LeTV. insufficient. As early as August, LeTV announced that it will invest 20 billion yuan to build the Leshi Super Car Eco-Experience Park in the Moganshan Economic Development Zone in Deqing County, Zhejiang Province, with an initial investment of 6 billion yuan.

Internet car turmoil again "Car-making" will collapse? _ "Internet car", smart car, intelligent control, car networking

LeTV

Internet car turmoil again "Car-making" will collapse? _ "Internet car", smart car, intelligent control, car networking

 
Jia Yueting responded to LeTV funding issues

On April 20th, after the official establishment of the car-making plan for 28 months, the first concept car of LeTV Supercar was unveiled. Jia Yueting and Ledger, the co-founder of LeTV Supercar and vice chairman of the world, jointly demonstrated the Internet and the unmanned two. Core concepts, but specific technical parameters were not disclosed.
  
  Tencent: Foxconn withdraws or makes the project "frustrated"
  
On October 30th, Tencent's car-making project, Shanghai Aichi Yiwei Subsidiary, settled in Shangrao. At the signing ceremony, Foxconn, one of the shareholders of Harmony, was not seen. On November 3, the media reported that the situation of Harmony Futeng due to the lack of consistency in the direction of the car made Foxconn divest, the previous projects including Future Mobility, I car and other projects will also face the end.
  
According to the data, on July 9, 2015, Harmony Auto, Tencent and Foxconn jointly established Harmony. The three-party shareholders integrate the superior resources of their respective fields and cross-border “making cars”. Harmony Futeng has become a typical representative of this Internet-made car boom because of Tencent's participation. It is considered to be the most reliable Internet-built car partner.
  
Previously, Tencent originally wanted to obtain the qualification of electric vehicle production by Greenfield Auto. It was not expected, but it was questioned because of the high debts of the latter, and the "Foxconn divestment" incident will not be the last storm. It is undeniable that Tencent’s road to building a car is also difficult and tortuous.
  
  After a wave of unrest, the "car-making movement" will collapse.
  
The Internet has caused many links and models of traditional automakers to be broken and subverted, and the concept of automakers that industry experts have been observing has been questioned, and consumers are full of expectation for future electric vehicle products. It is precisely because the automotive industry is undergoing a subversive revolution, which has given many opportunities for innovative companies to enter.

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