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  Will Weilai split the NIO Power power-up business and seek 1 billion yuan of financing to ease the financial pressure?

  Today, the media reported that four-year-old Xilai will spin off its energy supply service NIO Power and seek a billion dollars in financing for this. In response to the report, Xilai Motor responded with "no comment". According to reports, Xilai is about to spin off its energy supply service NIO Power, seeking to complete independent financing in Q4 this year, with a scale of about billions of yuan. The project, led by Li Bin, founder, chairman and CEO of Lulai, as well as Qin Lihong, president of Lulai, and Shen Fei, vice president of power management of Lulai, may be launched as an independent APP in the next 2 months. Meanwhile, NIO Power...

  2019-07-16
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  Farewell to OEM! NIO is qualified for independent production.

  Today, "Automotive Industry concern" found on the official website of the government service platfor

  Automobile production factory qualification OEM ideal Xiaopeng Independence Base Model Company Asset Beijing Manufacturing Cooperation Advanced Lifan successively Power Geely 2023-12-04
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  Two senior executives left their jobs, and Zhuang Lishi was squeezed out because of poor software development.

  According to foreign media, the new force of Chinese car-making, Xilai Motor, has lost two senior executives. Zhuang Li, vice president of software development for Lulai, and Angelika Sodian, managing director for the UK, have both left. A spokesman for Weilai also confirmed the departure of the two and said that the handover had been fully completed. It is understood that at present, Weilai has made internal adjustments to the software opening team. according to people familiar with the matter, after Zhuang Li left, the software teams in Beijing and Shanghai have been taken apart and reported their work to different responsible persons. Among them, the Shanghai software team has developed to the Weilai enterprise.

  To leave one's job. 2019-07-02
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  Weilai will hold NIO Day at the end of December and launch a brand new model.

  On November 29th, Xilai officially announced that the 2019 NIO Day will be held in Shenzhen on December 28, and said it will release a new model. Officials have not disclosed any information about the new car. Although there is no official information about the new car, some industry insiders say the new car is an all-electric car unveiled at the Shanghai auto show, the Lulai ET. Judging from the previously released pictures, the new car is positioned as a four-door sedan with a hatchback design and is expected to carry the newly developed carbon fiber shell battery pack technology. However, some people in the industry believe that since it is a brand new model, the official should not.

  Weilai 2019-11-29
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  The share price of Xilai car plummeted, Internet car-making ushered in crisis and nightmare

  Shares of NIO continued to fall to an all-time low of $1.56 at the close of trading on Oct. 1, with a total market capitalization of just $1.639 billion. The share price of Weilai has fallen nearly 50% from its closing price of 3.04 on Sept. 20, and the total market value has lost more than $1.5 billion in ten days. On September 13, 2018, Xilai Motor listed on the New York Stock Exchange, becoming the first Chinese electric vehicle to be listed in the United States under the symbol NIO, with an offering price of US $6.26 per share and a total market capitalization of US $6.313 billion. The share price of Weilai soared after the IPO, reaching as high as $13.8 a share. However, the year of listing.

  The share price of Weilai fell and Weilai made a loss. 2019-10-01
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  Li Bin responded for the first time to the rumors of layoffs in Xilai Automobile.

  At the 2019 New Energy vehicle Consumer Forum held today, Li Bin, founder and chairman of Xilai, responded to rumors of layoffs for the first time. In addition, Li Bin also explained the questions raised by the outside world about the amount of money spent on NIO Day. Previously, because of continued losses and difficulties, Xilai announced a "cost-cutting" plan. It was also revealed by a number of former employees of Xilai that it was laying off staff one after another. One former employee said there were about 8400 employees in the company at the end of July. This figure is lower than the number of employees disclosed by Li Bin, CEO of Xilai Automobile, in March this year (about 9800).

  2019-08-16
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  Weilai shares hit a new low of $1.30, while analysts lowered their target price to $0.90.

  The share price of Weilai hit a new low! NIO closed at $1.32 a share on Oct. 2, the lowest since its listing, with a total market capitalization of $1.387 billion. A few days ago, Robin Zhu, an analyst at investment firm Bernstein, cut the target price of Lulai by nearly 50% to 90 cents. On September 24, Xilai announced its second-quarter results, showing a net loss of 3.285 billion yuan belonging to shareholders in the second quarter of 2019. On September 13, 2018, Xilai Motor was listed on the New York Stock Exchange, becoming the first Chinese electric vehicle to be listed in the United States.

  Weilai stock price 2019-10-02
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  Finally started to put into production! The ET7, the first car of Weilai, is offline.

  The third model, which was originally planned to follow the ES8 and ES6, was officially announced in early 2019 that it would be the first car under the brand, but it was delayed again and again for various reasons, finally making its debut this year and expected to be delivered in the first quarter of 2022.

  Weilai 2021-04-03
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  Weilai stock price plummeted, conference call was cancelled and resumed.

  After the announcement of the second-quarter results, the share price of Lulai Motor fell sharply to close at $2.17 today. Affected by a loss of 3.285 billion in the second quarter, the market slumped today and hit a record low of $1.97. for unknown reasons, Xilai announced the cancellation of the scheduled earnings call, saying that more news would be released in the form of announcements, which was very rare after the financial reports of listed companies were released, which was generally questioned by the market reaction. This morning, Xilai Motor again decided to announce that it would hold a conference call on second-quarter results at 20:00 Beijing time. At the time of this release, the conference call was being held, followed by some transcripts. The second quarter results show.

  Weilai reported losses Weilai's latest stock price Weilai teleconference 2019-09-25
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  Raise prices across the board! Two new SUV models released by Weilai

  On the evening of December 24th, Xilai unveiled two new models on NIO Day 2022, one for the new generation of Xilai ES8, which is based on the NT2.0 platform, and the other is the Xilai EC7 positioning sedan SUV. It is understood that this is the first time that Weilai has released it on NIO Day.

  New car aspect brand model design brand market battery system platform scheme price consistency power seat 2022-12-25
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  "do what needs to be done", Weilai's share price fell 5.48%.

  Recently, the official response to the news that Weilai is making layoffs is that online remarks about massive layoffs at Weilai are pure fabrication, and its company is indeed doing local optimization, but the aim is to improve operational efficiency. There are no significant layoffs, which is what Weilai should do at this stage. Affected by media reports of layoffs, NIO's US stock fell as much as 7.78 per cent on Aug. 1 and fell 5.48 per cent to $3.28at the close. Behind the layoffs, the financial situation of Xilai Motor is not optimistic, its company has been for three consecutive quarters.

  Weilai stock price 2019-08-03
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  Due to personnel changes, the share price of Xilai Motor "roller coaster" fell by more than 13% in one day.

  one

  Weilai Automobile CFO position 2019-11-07
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  The share price of Xilai Motor fell again, and the total market capitalization shrank by 87% after listing.

  Since the announcement of the results, the share price of Xilai has continued to fall. NIO shares closed down 4.32% at $1.550 a share on Oct. 8, with an intraday low of less than $1.50, with a total market capitalization of $1.629 billion. Compared with its debut on the New York Stock Exchange a year ago, the highest share price has gone to $13.80, and its market capitalization has shrunk by 87% since it exceeded $13 billion at one point. Not long ago, analysts at investment firm Bernstein pointed out in a report that Xilai may run out of cash in a few weeks, and the target will come.

  The stock price of Weilai and the current situation of Weilai Motor. 2019-10-08
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  Single electricity low price ES6 has not yet appeared, but it is waiting for the "entry-level" ES8.

  one

  Weilai 2019-12-15
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  Xilai Motor Silicon Valley laid off staff again this year, involving every department.

  It seems that not long after the incident of layoffs, it has been reported by foreign media that Weilai Motor has just implemented another layoff for American employees this year. The change will fire 62 employees at the company's Silicon Valley office in San Jose, California, according to a document from the California Department of Employment Development. According to JoAnn Yamani, head of North American public relations at Weilai, this round of layoffs is part of the company's "optimization efforts", but will involve various departments. At present, Xilai's business in the United States is mainly focused on R & D and engineering. This layoff has been carried out in the United States this year.

  Layoffs cars Weilai 2019-09-13
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  Weilai will announce its third quarter earnings on December 30 and hold a conference call.

  Today, Xilai officially announced that the latest quarterly results will be released before the US stock market opens on December 30, 2019 (the evening of December 30, Beijing time), the third quarter of 2019 will be released, and a conference call will be held immediately.

  NextEV 2019-12-23
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  Li Bin responded to the data leak again: even if he went bankrupt, he would never compromise.

  At the NIO DAY 2022 media conference, Li Bin, founder of Lulai Motor, once again responded to the theft and extortion of user data. Li Bin said: firmly do not compromise with criminals, do not make a precedent for compensation, even if the company goes bankrupt, it will not compromise. Li Bin said the company had reported the case. "

  Data users events Li Bin Security Information car owners companies platforms cars liability loss Privacy Crime official 2022-12-26
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  The standard BMW 7-series, Lulai ET7 is officially offline.

  On November 29th, Xilai announced that the first pre-production cars on the ET7 production line were officially off the line, which meant that the production line began to verify the small batch production capacity of the vehicles to ensure that all parts were in a marketable state. After this phase, ET7 will enter the final stage of mass production. At present, four models of ES8, ES6, EC6 and ET7 are on sale, of which the ET7 is its first car, which was officially released and announced on the Xilai NIO Day on January 9 this year. The new car offers two models according to the battery pack configuration, and the 70kWh battery version is pre-sold before subsidy.

  Weilai 2021-11-30
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  Changan Ulai is targeting high-end brands and will promote independent research and development of new products.

  Learned from the relevant media, people close to Changan Lai revealed that Changan Ulai will lock in high-end brands and will launch brand-new products developed independently. Changan Lulai is a new energy joint venture between Changan Automobile and NIO.US. Its headquarters in Nanjing is an independent entity, and there are not many people from both shareholder companies. At present, there is no definite information about the first model to be announced, and it is still in the stage of market evaluation and supplier determination. In April 2018, Changan Automobile officially announced the third Innovation and Entrepreneurship Plan to its brands.

  Changan Weilai R & D brand independence 2019-08-13
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  The price of the new Lulai EC6 will be announced soon!

  On September 15, the new Lulai EC6 will be announced for listing. It is understood that the new EC6 based on the NT2.0 platform, using slip-back body design, equipped with the same power system as the new ES6. In terms of appearance, the new EC6 is replaced with the latest family design style, eliminating the silver embedded in the front face.

  Brand new design aspect seat target model part second generation support electric regulation same ten thousand units second quarter instrument 2023-09-15