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1q21’s total revenue was about 7.982 billion yuan, up 481.8% year on year From Weilai

The following is the 1q21’s total revenue was about 7.982 billion yuan, up 481.8% year on year From Weilai recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Strategic emerging industries, Investment & Economy, New energy vehicle industry.

On April 30, 2021, Weilai automobile announced its financial report for the first quarter of 2021. According to the financial report, Weilai automobile’s total revenue in the first quarter was about 7.982 billion yuan, a year-on-year increase of 481.8%; The net loss was about 451 million yuan, down 73.3% year on year.

Li Bin, chairman and CEO of Weilai automobile, said that in the first quarter of 2021, Weilai automobile delivered 20060 vehicles, a year-on-year increase of 422.7%. In addition, he also expected Weilai automobile to deliver 21000 to 22000 vehicles in the second quarter.

As the “dark horse” of new energy electric vehicles in China, Weilai has made constant moves recently. On April 28, Weilai officially released a poster, officially announcing that it will hold a strategic conference in Norway at 4:00 p.m. Beijing time on May 6 to enter the Norwegian market.

It is worth noting that on April 15, some media reported that Sinopec and Weilai automobile signed a strategic cooperation agreement. The two sides will work together to build charging and swapping infrastructure, and carry out all-round cooperation in new materials and intelligent electric vehicles, battery rental service (baas), vehicle procurement and leisure consumption scenario construction, so as to give full play to their respective advantages and jointly create an innovative cooperation mode between the global energy industry and the automotive industry.

Referring to the matter in the latest financial report conference call, Li Bin said that the current cooperation with Sinopec has not involved revenue sharing.

“Looking ahead, we will continue to invest in new products and core technologies, as well as our services and power network expansion, especially battery switching and charging facilities,” said Feng Wei, chief financial officer of Weilai

Wei Lai Auto: 17353 new cars delivered in 4q20, up 112% year on year. Wei Lai: 3q19 financial report teleconference record Li Bin says he doesn’t worry about the competition of domestic version of Tesla Model 3. Wei Lai: the delivery volume in November 2020 hit a record again, doubled year-on-year for 8 consecutive months. Wei Lai: the sales volume in January 21 increased 352.1% year-on-year, 7225 cars delivered reached a record high. Wei Lai: the revenue of 3q20 reached 45% Weilai: gross profit margin of 3q20 financial report is 14.5%, delivery of 5600 + second generation platform NT2 in Q4 is absolutely ahead, Li Bin is very confident. Weilai: minutes of 2q20 conference call predict that Q3 will deliver 11000 rental batteries, reduce the threshold. Weilai: real record of 3q20 conference call will be released soon. Tesla: 4q20 revenue is US $10.744 billion, a year-on-year increase of 46%. Weilai: June 2020 sales hit a new record New high 2q20 delivers more than 10000 units: Tesla’s new energy sales topped in May, Weilai and other new forces became an important force in the new energy vehicle market Weilai: the number of new energy vehicles delivered in August 2020 reached 3965 units, doubling year-on-year, creating a new high Weilai: the delivery volume in December 2020 exceeded 7000 units, the annual cumulative delivery of 43728 units Weilai: 2q20 revenue reached 3.72 billion yuan, a year-on-year increase of 146.5% Weilai: the first delivery exceeded 5000 units in October 2020

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