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On the evening of November 23, the Ministry of Justice of Weilai said that the rumors circulated on the Internet about Weilai and other corporate capital were immediately reported to the police and accepted. The legal Department of Weilai pointed out: "in recent days, on a stock platform, Weibo, Douyin, Wechat official account, Wechat moments and other social media platforms, there have been a number of online accounts brewing, fermenting, spreading and spreading false information, resulting in rumors related to the capital market that have a serious negative impact on our company. The company has mastered the whole link promotion process of the rumor, as well as the relevant network account information about the initial spread of multi-platforms, and has submitted relevant evidence to the police, and the public security organs have formally filed a case for investigation. "

It is understood that earlier, a post on the moments posted by suspected BYD employees showed that BYD would cooperate with the Weilai Group to set up a BYD Automobile Group, with a 51% stake and a 49% stake. BYD provided funding and technology to support BYD's acquisition of Xilai Motor for $16.5 billion. After the acquisition, the Bifui Group directly controls Lai Motor, but it is still operated independently by the Lai Group.

In response to the above news, Li Yunfei, general manager of BYD Group Brand and Public Relations, responded: "the online information about BYD's investment and cooperation with Xilai is seriously false! please do not believe the rumors, do not spread the rumors." At the same time, Ma Lin, assistant vice president of automobile brand and communication, also refuted the rumor: "the company is doing well, its cash flow has become positive in the third quarter, gross profit has improved in October, and sales of Ledao models are expected to exceed 10,000 in December. Thank you for your concern and support, we continue to power up." A screenshot of a Wechat chat with Li Yunfei, general manager of BYD Group Brand and Public Relations, is attached, saying that if the people who spread the false news are BYD employees, I hope they can clarify and apologize; if they are not BYD employees, Weilai and BYD will jointly report to the police.

Even earlier, on August 30, false information about # Weilai declaring bankruptcy appeared on the Internet and was spread maliciously. In this regard, Lai Automobile called the police and took legal measures to investigate the legal responsibility of the lawbreakers who planned, manufactured and spread the rumor. On September 5, the Ministry of Justice of Weilai said: "the person involved in creating malicious rumors was arrested by the police."

On September 9, the Ministry of Justice of Weilai said: "recently, we have noticed that some self-media have deliberately discredited the Weilai brand and users, infringed upon the legitimate rights and interests of Weilai and users, and seriously affected the normal operation of the company." this has been sued and put on file by the court, and some cases have been decided and compensated. "

On November 10, the Ministry of Justice of Weilai issued a document, and Weilai received a judgment of first instance from the court. The court found that Ren Jianhua, through his Jinri Toutiao account "Little Old Man" and Che Emperor's account "happy and benevolent Airen", continued to publish thousands of insults and defamation of the Weilai brand and users for more than a year, seriously infringing upon the rights and interests of Weilai. Ren Jianhua has deleted all the infringing contents, and the court ordered him to apologise for not less than 60 days and compensate for economic losses.

It is understood that the official Weibo account of the "Weilai legal Department" was opened in May 2023. Since its establishment, the Weilai legal Department has issued 18 Weibo posts. The legal Department of Weilai stressed: "for any form of online rumors, we will resolutely safeguard the legitimate rights and interests of the company through legal channels and pursue the legal liability of the relevant responsible persons." Prior to this, Weilai also said: "the Internet is not a place outside the law, and the development of the automobile industry needs healthy competition. For such acts that have no bottom line, insult intelligence, and maliciously slander reputation, Weilai will actively take legal action." safeguard your legitimate rights and interests and legal dignity.

As one of the new car-building forces, Xilai Motor was founded in November 2014 by Li Bin. It has been about 10 years since its products cover ES8, ES6, ES7, EC6, EC7, ET7, ET5, ET5T and other models. In May this year, Ledao brand, the first model of Ledao L60, was launched in May. A total of two models were launched at a price of RMB20.69-235900. According to the plan, Weilai will also launch a third brand. A few days ago, Li Bin, CEO of Xilai, announced that the third brand is named "firefly Firefly". The first product has the same name as the brand. The brand will be officially launched in NIO Day 2024 on December 21, and the first model will be delivered in the first half of next year.

According to the latest financial report, the net loss in the third quarter expanded to 5.06 billion yuan from the same period last year, compared with 4.557 billion yuan in the same period. The net loss in the first three quarters was 15.53 billion yuan, the same as that in the same period. With the Ledao brand and firefly firefly brand products on the market, it is expected to ease the operating pressure.

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