Dahua Creates New Car Subsidiary as Current Electric Car Firm Struggles

By: Charles Rollet, Published on Mar 19, 2020

Dahua has started a new "intelligent" car subsidiary, even as its current electric vehicle startup struggles with lower-than-expected sales, negative media coverage, and a crashing PRC car market.

IPVM Image

Dahua's first move into electric cars was in 2015 when it founded Leap Motor, which has raised hundreds of millions of dollars ($290 million as we reported in December 2018 and an additional $51 million last August).

By starting another car company Dahua is investing more in this sector, despite its significant difference from video surveillance. In this note, we examine this move and what it means for Dahua, including:

  • Official Announcement
  • Intelligent Car Focus
  • Leap Motor Struggling With Sales
  • Finances Lead to Negative Coverage
  • Leap Motor's Other Problems
  • Broader Market Issues
  • Leap Motor No Response
  • Conclusion: Distraction For Dahua?

Official ************

** ******** **, *********** ** **************** ** *** ******* up * *** ******* called ******** ***** ********** Technology ******* (浙 江大华汽车技术有限公司).

*** ************* ******* ** $21 ******* (*** ******* RMB), **% ** ***** comes **** ***** ****** and **% ******** *****- *****'********* ******** ******* *******. *** **** ** the ******* ** ***** by * ***** *** firm *** ** ********** firm.

********** ******* ****** ******* but ***** ********** ********** will **** * ******* on *** ***** ** directors: *** ********* ** Dahua *** *** ** Leap *****.

Focused ** *********** ********

***** ********** ********** ** meant ** **** ***** expand *** ***** *** and ************** *********, **** the ************ ******* * wide (*** *****) ***** of *********** *********:

******** *****: ********* ********, technology ***********, ********* **********, technology ********, ********** ********, technology *********; ******** ***********; automobile ***** *** *********** manufacturing; ********** *** ***** wholesale; ********** ***** ******; general ********* ************* (********* special ********* *************); ********* and ********** ********* *************; computer ********, ******** *** peripheral ********* *************; ******* equipment *** ********** ********* manufacturing [...]

Leap ***** ********** **** *****

IPVM Image

*****'* ******* ******** ******* startup, **** *****, ** struggling, ****** **** **** one-tenth ** *** **** it ********* ********: ** November ****, **** ********* ** ********* **,*** ***** ** its ******** *** ***** (the ***) ** ****, but ***** ****** ********** ***** **** *******-******** 2019.

Finances **** ** ******** ***** ********

**** ******** $** ******* in ***** ****** $** million ** ****** ** 2019, *** *** ***** Automotive **********************.** ** ***** ***** car *******, **** ** expected ** **** ***** for ***** *** ** is **** ******** ** deliver ***** ****** ***** it ** ********** ** do.

*******, ****'* ********* ********* did ****** ** ******** media ******** **** ****, with *** *************** ********** **** *** "********* serious ******", * ********* ********* **** ****** "** ***'* spend ***** *********** *** cost ******** *** ******."

**** ******* *****, **** could *** **** *** specific ******* ********* *** much ******** ***** **** has **** *** ******* it **** **** ** raise **** ***** ****, a ********* ******* *** the *******-********* *** ******. (Leap ****'* ******* ** our ******** *** *******).

Shut ***** ** ****** ** *** ****

** ******** ****, ***** ***** *** **** down ** *** ****** of *** ******* **-** ******* ***** a ****** ***** ** do * ******** ******* as ** *** *******. Leap ***** ******* **** was *** * ***********, as *** **** ****** perform ******* ***** *******. If **** ** *** case, **** ***** ****** not **** ******* ** to ** **** *********. Moreover, ******** **** *************** ** ******* ** manufacturer *** ****** ****** in ******* ****, ****** Leap **** ** ******* for **** * *********.

Depending ** *** ***** *************

*** **** ************* ******* for **** ***** ** done ** * ******** manufacturer,********** **,*********************** ********** ****** ** its *** **** **** such ** ****** *****, resulting ******** *** *************** *** **** ****.**** ********** ***** ****,**** ***** **** **** bottleneck ***** ** "******** by *** *** ** August [****]". *****, ********* on * ***** ***** for ************* ** * risk.

'Awkward' ****** ********

**** ***** *** ** "awkward" ****** ********, *** PRC *** **** *************, ******* **** *** S01 ***** (******** *****) is ****** ***** (***** $15,000) *** *** **** features **** ***** ****é-***** cars, ***** *** ********* upmarket: "*** *** *** be **** ** ** a ***** ****é, ***** has ******* ******** *****".

IPVM Image

Broader ****** ******

***** *** **** ******* issues **** **** ***** cannot *******, *******:

  • *****'* *** ********* ******* **%*** ** *** ******* coronavirus ********, ***** *** also *********** ******* *** prices, ******** *** ****** of ******** ********.
  • *** *** *** *** a **** ******* ******** EV ****** ******** **** *** *****;*** **** ********* ********* in *** ******% ** **** **** go *****.
  • **** ****** *** ***********, China's ** ********* **** grappling **** "*****" ****** and ******* ********** ***** government ********* **** *******, the** *******. *****'* ******* ** maker, ***,*** ***** *****.*% ** ****. ******* large ** ************, ***, has **** *** ***** plummet **** **% ***** it ****** ** **** 2018; *** *** ** bad ****** ***** **** the *** ************* ** **** ** out**** *** ***** ***.
  • *** **** **** ***** has**** ******* ********/******* **** in *** ****** **** **** * threat ** ******-***** ********.

**** **** *** **** Leap ***** ** ******, as ** *** **** and *** ****** **** evolve. *******, **** ***** not **** **** ******** coverage ** *** ******* and *** ******* ******* for *** ********/*********** ******** is *** **** *******.

Leap ***** ** ********

**** ***** *** *** respond ** *** ******** for *******.

Conclusion: ******* ***** ***********?

**** ***** **** ****** venture ******** ** ***** faces ******** ****** ** its *** ****** ** video ************, **** ******* ****** ************ ********* ***** ****** ****.** ** ***** ****** that *****'* *** - who *** ******** ** bring **** ********** ** the ******* -*** **** **** ************ *****'* *******, ** Liquan, *** *** **** a ******* ***** ****** Leap *****, ***** ******** **** **********.

**** *** ****** ******** about *****'* ***** ** its **** ******** **** unprecedented ************ **** ** home *** ******.

Comments (6)

*** ** **** * distraction ? *** ******* owns ******* ******* ** diversify ******* *******.

** ***** ** * foolish ****, *** ****** they *** ***** ****** salesmen ** **** **** I **** *** *** problem ****.

**** **** **** * flailing *** ******* *** a ***** ****** ******* and ** ********** * role ***** , *** cant ***** ******* ** one ***?

**** **** **** * flailing *** ******* *** a ***** ****** ******* and ** ********** * role ***** , *** cant ***** ******* ** one ***?

******, **** ** *****, a ****** *** **** this ** * ******. When ** *****, *** person *** **** ** is * ****. **** pendulum ****** **** **** regularly.

**** ******* *** - Jack ****** **** ******* and ******, ****** ********* gets **** ** *** it, *.*.**** ****** ********** ** the ***** **** | Revue

**. ** *** ** a ******, * *********, and **** ***, ***. when ** *** *****. It's ******* * **** risk, **** ****** ********.

******* ** ** *** be ******* **** **** happen. ** * *****, let's **** **** ** this - ** **** Motor ** * ***** electric *** ******* *** Dahua ** ***** *******, you're *****, ****?

**** ** ***** ** cars ** *** * dahua **** ** ***. if *** ******* * car ******* *'* *** my ***** ** ****, much **** *********** *** well ********* **** *****.

** *** ******* * car ******* *'* *** my ***** ** ****, much **** *********** *** well ********* **** *****.

****'* *** ********* *** NOT ******* * *** COMPANY! :)

** *** ***********, ******* tell ** **** ********* execs **** *** ***** car ******* ** ** laughable, ****** **** ******** is *** ******* ********** as ***** ** ******* bad ***** **** *** cross-town ******.

...* **** ***** *** shut **** ** *** middle ** *** **** for **-** ******* ***** a ****** ***** ** do * ******** ******* as ** *** *******. Leap ***** ******* **** was *** * ***********, as *** **** ****** perform ******* ***** *******.

** *** ********* ** just ** *** **** feature ;)

UPDATE: ******* ***** ********** **** ***** **** 884 ******** ******** ** July *** *** ** June, ***** *** * record **** *** ******-***** sales. ***** *** **** numbers *** **** - if **** *** **** it **, **** *** be ** ***** ** fulfilling ***** **** ****** sales **** ** **,*** EVs.

Read this IPVM report for free.

This article is part of IPVM's 6,535 reports, 880 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Anyvision Presents AI Facial Recognition and Mask Detection on Jun 08, 2020
AnyVision presented its AI facial recognition and mask detection at the May...
Anyvision Raises $43 Million, Focusing on Access Control And Remote Authentication on Sep 04, 2020
While Anyvision has had a tumultuous 2020 with significant layoffs, the...
YOLOv5 Released Amidst Controversy on Jul 27, 2020
YOLO has gained significant attention within video surveillance for its...
Startup Videoloft Presents Cloud Storage on May 27, 2020
Videoloft presented offsite cloud storage at the May 2020 IPVM Startups...
Verkada Speaks On Disrupting Security Sales Channel on Aug 28, 2020
Verkada's fast growth has taken the industry by storm and their enterprise...
Vintra Presents FulcrumAI on Jul 02, 2020
Vintra presented its FulcrumAI object recognition and mask detection offering...
Deep Sentinel Presents Crime Response For Business on Jun 11, 2020
Deep Sentinel presented its anti-intrusion and live response for home and...
Uniview H1 2020 Financials Examined on Sep 08, 2020
While Dahua and Hikvision, helped by fever camera sales, are recovering from...
Directory of 96 Video Surveillance Startups on May 20, 2020
This directory provides a list of video surveillance startups to help you see...
Avigilon Now Available At ADI In EMEA, Not Americas on Jul 21, 2020
ADI, the home for Dahua and Hikvision flash sales, is now selling Motorola...
Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
Camect Presents Residential Market Smart NVR with AI Analytics on Aug 19, 2020
Camect presented its AI video analytics enhanced NVR at the May 2020 IPVM...
Oyla Presents Low-Cost 3D LIDAR Alternative Camera on Jun 23, 2020
Oyla presented its low-cost LIDAR alternative camera at the May 2020 IPVM...
AndroVideo Presents Edge AI Face Recognition Cameras on Jun 26, 2020
AndroVideo presented its AI at the edge face recognition cameras at the May...
Asylon Presents All-Weather Automated Security Drones on Jun 18, 2020
Asylon presented its All-Weather Automated Security Drone, the DroneCore, at...

Recent Reports

OnTech Smart Services Partners With Google and Amazon To Compete With Integrators on Sep 25, 2020
A pain point for many homeowners to use consumer security and surveillance is...
The Future of Metalens For Video Surveillance Cameras - MIT / UMass / Immervision on Sep 25, 2020
Panoramic cameras using 'fisheye' lens have become commonplace in video...
Hikvision Sues Over Brazilian Airport Loss on Sep 24, 2020
Hikvision was excluded from a Brazilian airport project because it is owned...
China General Chamber of Commerce Calls Out US Politics on Sep 24, 2020
While US-China relations at an all-time low, optimism about relations...
Verkada Disruptive Embedded Live Help on Sep 24, 2020
Call up your integrator? Have someone come by the next day? Verkada is...
IP Networking Course Fall 2020 - Last Chance - Register Now on Sep 23, 2020
Today is the last chance to register for the only IP networking course...
Drain Wire For Access Control Reader Tutorial on Sep 23, 2020
An easy-to-miss cabling specification plays a key role in access control, yet...
Norway Council of Ethics Finds Hikvision Human Rights Abuses "Ongoing" on Sep 23, 2020
Hikvision's involvement in "serious human rights abuse" in Xinjiang is...
IPVM Camera Calculator User Manual / Guide on Sep 23, 2020
Learn how to use the IPVM Camera Calculator (updated for Version 3.1). The...
Installation Course Fall 2020 - Save $50 - Last Chance on Sep 22, 2020
This is a unique installation course in a market where little practical...
SimpliSafe Business Security Launched Examined on Sep 22, 2020
SimpliSafe has launched "SimpliSafe Business Security" that the company...
FLIR CEO: Many New Fever Entrants "Making Claims That The Science Just Won't Support" on Sep 22, 2020
FLIR's CEO joins a growing number calling out risks with fever / screening...
China Bems Temperature Measurement Terminal Tested on Sep 22, 2020
Guangzhou Bems (brand Benshi) is the manufacturer behind temperature...
Axis Exports To China Police Criticized By Amnesty International on Sep 21, 2020
Axis Communications and other EU surveillance providers are under fire from...
Milestone XProtect on AWS Tested on Sep 21, 2020
Milestone finally launched multiple cloud solutions in 2020, taking a...