After Weilai's single -quarter revenue exceeded 10 billion yuan, Li Bin talked about ET5, new brands and the United States

On the evening of September 7, Weilai (HK09866, the stock price of HK $ 137.9, a market value of HK $ 233.368 billion) released in the second quarter of the 2022 financial report. Essence This is the first quarter revenue in Weilai exceeded 10 billion yuan, a record high in single quarter.

Photo source: Weilai Announcement

The significant increase in revenue is mainly due to the increase in its vehicle sales revenue. The financial report shows that in the second quarter of Weilai, the vehicle sales in the second quarter of this year were about 9.571 billion yuan, a year -on -year increase of 21%, an increase of 3.5%month -on -month, accounting for nearly 93%of the company's total revenue. "The reason for the increase in vehicle sales compared with the same period last year, the increase in delivery, and the increase in the first quarter, it was due to the increase in the average vehicle sales price." Weilai explained.

Official data shows that Weilai delivered about 25,100 new vehicles in the second quarter of 2022, an increase of 14.4%over the same period last year, but a decrease of 2.8%from the first quarter of 2022.

Looking forward to the third quarter of this year, Weilai predicts that the company's new car delivery volume is 31,000 to 33,000 units, a year -on -year increase of about 26.8%to 35%; the total revenue is expected to be 12.845 billion to 13.598 billion yuan, a year -on -year increase of about 31%~ 38.77 %.

"At present, the supply chain problem has been initially resolved. By October this year, it can be fundamentally resolved. I believe that in the fourth quarter of this year, the monthly delivery volume will break the record." Li Bin, chairman of Weilai, said.

ET5 wants to achieve more than 10,000 delivery in December this year

The financial report shows that the gross profit margin of Weilai in the second quarter of this year was 16.7%, which was better than market expectations, but compared with 20.3%in the second quarter of 2021 and 18.1%in the first quarter of 2022, it fell. "This is mainly affected by factors such as the significant increase in the cost of bicycle battery and the rise in raw material prices." Weilai explained.

The decline in the gross profit margin of vehicles directly affects Weilai's comprehensive gross profit margin. The financial report shows that Weilai's comprehensive gross profit margin in the second quarter of this year was 13%, compared with 18.6%in the second quarter of 2021, and 14.6%in the first quarter of 2022.

Li Bin defined in 2022 as Weilai's product of the year, and said that Weilai's product switching season this year was basically ended, and then it will enter a stable period of development. "The second half of 2022 is the critical period of Weilai expand production and deliver a number of new products." Li Bin said.

Since the beginning of this year, the three models of Weilai ES8, ES6, and EC6 have been upgraded. The new model ET7 and ES7 based on the NT2.0 platform have been delivered one after another, and the medium -sized smart electric coupe ET5 will also be opened on September 30.

Photo Source: Corporate Photo Conferring

"In late August, ET5's first production line pre -production vehicles were officially launched in the Weilai F2 factory in the Neopark Xinqiao Smart Electric Vehicle Industry Park and will be officially put into production this month (that is, September). Po -ET5 will realize more than 10,000 units a month in December this year. "Li Bin believes.

For core technologies such as chips, Li Bin said that Weilai's goal is to establish a full -stack self -developed ability. "We believe that the research and development investment of core technology can not only increase the company's ability to deal with technical changes and industrial policy changes, but also improve the company's gross profit margin and technological competitiveness." Li Bin said.

The new brand will be pushed to the market with NT3.0

The financial report shows that the R & D cost of Weilai in the second quarter of 2022 was about 2.15 billion yuan, an increase of 143.2%year -on -year, an increase of 22%month -on -month, a new quarter high. "The increase in R & D expenses is mainly due to the increase in the cost of personnel in R & D functions, and the increase in design and development costs of new products and technology." Li Bin said, "We will continue to invest in research and development according to the established strategy, and will not disrupt external competition due to external competition. Your own rhythm. "

According to the plan, in 2022, the amount of R & D investment in Weilai will double the R & D expenses of 4.591 billion yuan last year, or it will exceed 9.2 billion yuan. By the end of this year, Weilai's R & D team will reach 9,000.

In addition, according to Li Bin, in 2023, Weilai will have more new models, and all models such as ES8, ES6, EC6 will be switched to the NT2.0 platform.

Regarding Weilai's latest brand progress for the Volkswagen market, Li Bin said that the new brand's models will use the company's latest NT3.0 smart platform, and will push with NT3.0 products to the market. At present, the overall research and development progress of the new brand is conducting the timetable.

Picture source: Daily Economic News Map

According to rumors of "Weilai will create the third brand", Li Bin replied: "In the past one or two years, Weilai realized that if you want to speed up the transformation of oil vehicles to trams More extensive users. We also hope to let more users use Weilai's products and technology, and will actively promote it around this goal. "

In terms of overseas markets, after entering the Norwegian market, in 2022, Weilai's products and all services will officially land in Germany, the Netherlands, Sweden, and Denmark. In addition, Weilai plans to enter the US market.

"Weilai has been thinking about how to enter the US market. In the past 5 years, we have been conducting various aspects, including products, user experience, business models, etc." Li Bin said, "The United States is a very competitive market, regulations, regulations, and regulationsThe system is different from China and Europe, so Weilai needs long -term thinking and careful preparation in this matter. However, in general, Weilai is getting closer to entering the US market. "Daily Economic News

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