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  Transfer Weilai factory! The company responded

  On October 19th, Jianghuai Automobile announced that the company intends to transfer some of its assets through public listing, involving the inventory of the three factories of the passenger car company, fixed assets, projects under construction, buildings, land use rights and Xinqiao factory structures and equipment assets of the passenger car company, with a proposed listing price of 4.498 billion.

  Automobile production factory company asset model contract manufacturing ideal qualification Xiaopeng base car use Beijing market limited 2023-10-20
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  Weilai China headquarters settled in Hefei, with project financing of more than 10 billion yuan.

  According to the official website of Hefei Municipal people's Government, Weilai and Hefei signed a cooperation framework agreement on the 25th. According to the agreement, the China headquarters project of Xilai Automobile includes the establishment of China headquarters in Hefei, the establishment of research and development, sales and production bases, and the establishment of a Chinese headquarters operation system centered on Hefei. The project plans to raise 14.5 billion yuan for the company's research and development, market system establishment and operation; at the same time, the headquarters and R & D base (1 billion yuan) and the second production base (1.5 billion yuan) are planned and built. Before that, Xilai had planned to be headquartered in Shanghai and build a factory in Shanghai, but due to Tesla's construction in Shanghai.

  Weilai 2020-02-25
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  The factory was reported to have stopped production and came to respond urgently.

  In response to the rumor that "Jianghuai Weilai factory has stopped production for several days", Xilai Motor responded that "the factory is operating normally." Xilai Automobile said that Jianghuai Weilai Hefei advanced manufacturing base is currently in a normal state of production, while some products (ES8, ES6 and EC6) have entered the technology platform switching period.

  Cars models factories products production sales cars CUHK cooperation OEM rumors companies technology assets Hefei 2023-02-27
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  Wei Lai cancels the self-built factory! Weilai confirmed that the Shanghai Jiading project has been cancelled and the products continue to be produced by Jianghuai OEM.

  The new car-building force Lai Automobile released the latest financial report and confirmed the plan to cancel the self-built plant in Jiading, and the new products will continue to be manufactured by Jianghuai Automobile. According to the Weilai financial report, the total income in 2018 was 4.9512 billion yuan and the net loss was 9.639 billion yuan. In terms of sales volume, Xilai delivered a total of 11348 ES8 vehicles throughout the year. In view of the situation of persistent losses, Li Bin once took Tesla as an example, saying that Tesla had lost money for more than a decade. Li Bin also said that many people asked Weilai how much money he lost, and he wanted people to pay more attention to the amount of R & D investment. He said that the auto industry investment cycle.

  Factory Weilai 2019-03-06
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  The project is risky, and the plan to build a factory in Wu, Huzhou by raising 5 billion yuan has failed.

  The media revealed that Weilai Motor is negotiating a financing intention of more than 5 billion yuan with Wuxing District, Huzhou City, Zhejiang Province, and will build a factory with an annual production capacity of 200000 vehicles in Wuxing District. At the same time, the relevant documents of Huzhou City and Wuxing District discussing the Lulai automobile project were also reported on the Internet, emphasizing that the introduction of the Lulai smart car project is not only a major opportunity, but also faced with certain risks. In response to this news, the staff of relevant departments in Wuxing District told the media that "if there is an intention, a framework agreement has been signed at the district government level, but it has not yet been formally determined and will be uniformly released after confirmation." Li Bin, chairman of Weilai, also responded, "Weilai is indeed in contact with many local governments.

  Weilai factory 2019-10-16
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  All of a sudden! The Weilai factory was exposed to stop production.

  Due to the requirements of epidemic prevention and control, two factories in Hefei have stopped production one after another, and the delivery of its models has generally been delayed, according to 36 Krypton. It is reported that since the middle of October, the production of Weilai began to face challenges. The Jianghuai Xilai F1 plant was closed for 3 or 5 days to cooperate with the original plan of epidemic prevention, because most of them were zero.

  Production factory new car model Tex Tesla supply epidemic situation target impact sales volume spare parts Hefei that is 2022-11-01
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  Chuanwei came to obtain more than 5 billion yuan of financing from the local government, Li Bin: is in contact and negotiation

  After the cooperation with Beijing Yizhuang State Investment Group received 10 billion yuan of investment, Weilai continued to contact local governments to obtain new cooperation and investment. According to media reports, Weilai is negotiating a new round of financing of more than 5 billion yuan, with the Zhejiang Huzhou Municipal Government as the partner. Sources show that Weilai is negotiating a capital cooperation of more than 5 billion yuan with Wuxing District, Huzhou City, Zhejiang Province, corresponding to the fact that a factory with an annual production capacity of 200000 units will be located in Wuxing District. In response to the news, Li Bin, chairman of Xilai, responded that it was indeed in contact with many local governments, but there was not much information to disclose at present. In recent years, Zhejiang Lake.

  Weilai factory Weilai sales 2019-10-15
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  Xilai Automobile refutes the rumor: the report of a fire in the Jianghuai factory is a rumor.

  On the evening of June 14, Xilai Automobile officially issued a statement refuting the rumor, saying that the report of a fire at the Jianghuai factory was a rumor. Recently, someone spread a video on the Internet to maliciously spread rumors, claiming that a fire broke out at the Jianghuai factory on June 5, causing many deaths and injuries, Weilai said in a statement. At present, the production and operation of Jianghuai Weilai manufacturing base is normal, and no production safety accidents have occurred. The poster spread vicious rumors, which had a serious impact on our company. We have called the police and reserve the right to investigate his legal liability in accordance with the law. As early as the early morning of June 9, Weilai also issued a statement refuting rumors that an anonymous person had posted it on the online platform.

  Weilai 2020-06-14
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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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  ET7 confirmed that it is still manufactured by Jianghuai Automobile, and the self-built factory in Shanghai has been cancelled.

  It was decided to cancel the self-built factory in Jiading, Shanghai, the Lulai ES8 and the second model ES6, both confirmed that they would continue to be produced by Jianghuai OEM. Li Bin affirmed the way for OEM to produce cars and announced that "it has been decided that our third model will be produced in JAC." In its results for the fourth quarter of last year, Lulai posted a full-year net loss of 9.64 billion yuan, causing its share price to fall. Weilai also decided to cancel the plan to build a factory in Jiading, Shanghai, which was signed in 2017. Intezra's cheaper Model 3 is on sale in China, and the Tesla Super Factory in Lingang, Shanghai, went on sale earlier this year.

  Factory car electric car Weilai 2019-03-10
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  Is the new factory sure? Chuan Wei Lai will put the third brand into production.

  On February 21, the fourth factory of Lailai Automobile will be located in Anhui Chuzhou Economic Development Zone and will be put into production of the third brand product codenamed "Firefly" in Weilai, according to the Financial Associated Press. According to the report, people from relevant departments in Chuzhou revealed that the whole vehicle factory of Xilai Automobile is about to be built here, and said that the factory is

  Cars brands factories fireflies models cheetah Anhui Chuzhou code name whole vehicle Chuzhou production company ar 2023-02-21
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  The stock price of Weilai fell sharply, due to huge performance losses, the decline in new car delivery and the cancellation of self-built factories.

  As of March 7, US Eastern time, shares of Xilai Motor fell to $7.09, down 11.49% from the previous trading day and 30.22% in two days. The continuous decline in share prices is related to the results announced earlier by Xilai. According to the latest financial report from Xilai, the net loss of Weilai reached 9.639 billion yuan in 2018, and the delivery of new ES8 cars will also decline in the first quarter. According to Xilai, ES8 deliveries from January to February 2019 were 1805 and 811, respectively, and it is expected to deliver between 3500 and 3800 in the first quarter. In addition, its revenue will decline in the first quarter.

  Weilai 2019-03-08
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  It was revealed that there was a mess in the company of layoffs, and people who claimed to be employees of the company responded like this.

  2018 was supposed to be a celebratory year for Chinese start-up Lai Motors, when the ES8, the first electric car, was delivered in bulk, with steady progress in various projects around customer service, followed by its listing on the New York Stock Exchange in the United States, becoming the first Chinese electric vehicle to be listed in the United States and known as China's version of Tesla. However, a "failed" annual financial report, as well as the news of the rapid start of Tesla's wholly-owned factory, broke this dream. According to the financial report of Lailai in 2018, 11348 new ES8 cars were delivered for the whole year, with a total income of 4.9 billion yuan, but a net loss of 9.6 billion yuan, an increase of 91% over the same period last year.

  Layoffs response Weilai 2019-03-21
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  Name it "Jiang Lai"! The stock price rose as a result of the establishment of a new joint venture between Jianghuai and Weilai.

  From Jianghuai "OEM" to now the two sides jointly set up a joint venture, which is dominated by Jianghuai Automobile, which means that the two sides will become "partners" in a new direction.

  Jianghuai Weilai 2021-03-05
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  It is exposed that the ET project of the first car project of Weilai has been stopped internally. Weilai: it will be adjusted, but it cannot be suspended.

  Lulai has already launched two mass-produced models, the ES8 and the ES6, and in March it announced that the third model would be a sedan. During the Shanghai Auto Show, ET Preview, a preview version of the Lulai sedan product line, debuted for the first time and is expected to go on sale by the end of the year. But now there is bad news from the ET project. NetEase learned exclusively from a number of sources that ET, the first car project, has been stopped internally. In response to this matter, NetEase Intelligent to the Ministry of Public Relations to verify, the relevant sources said that the project will be adjusted according to the feedback of the auto show, what is the specific product behind the ES6 is not yet available.

  Sedan Weilai 2019-04-26
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  Weilai made a huge loss in 2018, and Li Bin responded: the short-term Prophase is the investment period.

  Recently, Xilai Automobile released its fourth-quarter results, showing that the total revenue in 2018 was 3.4356 billion yuan, and the loss further expanded, with a net loss of 9.639 billion yuan. Weilai delivered ES8 113.48 million in 2018, meaning a loss of nearly 850000 yuan for every car delivered in the past year. In addition to huge losses, Weilai also halted plans to build a factory in Shanghai, and the share price also fell. Li Bin, chairman of Weilai, recently responded to the problem of loss: we cannot account for Weilai on the basis of how much money a car has lost. It is the investment period in the short term and in the early stage, and now there is only one car on sale.

  Loss response Weilai Li Bin 2019-03-10
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  CEO of Xilai Automobile responds to tens of billions of financing and losses

  On June 12, after losing 2.6 billion yuan in the first quarter of 2019, the agreement on 10 billion financing with Beijing Yizhuang International Investment and Development Co., Ltd. attracted the attention of the industry. Li Bin is doing this financing at a time when the company is extremely difficult. Li Bin said that this is a means of financing for the company. Xilai Automobile has only been established for four years, and you cannot ask a 4-year-old to support your family. In fact, it has been controversial since its establishment. The relevant policy on new energy vehicles issued by the National Development and Reform Commission is that Lai Automobile has also taken corresponding actions, and the intelligent driving assistance system has also been officially launched today.

  Car loss response Weilai financing 2019-06-13
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  Li Bin: Weilai will make a profit earlier than Tesla

  In the face of a loss of 2.6 billion yuan in the first quarter of 2019 and the signing of a 10 billion financing agreement with Beijing Yizhuang International Investment and Development Co., Ltd., Xilai Automobile has also attracted much attention from the industry. Recently, Li Bin, CEO of Weilai, who took Tesla as a rival, gave an interview in which he also responded to a loss of 2.6 billion yuan in the first quarter. "as a young company, it is impossible for Weilai to make a lot of money in the first place, and Tesla lost 16 years to make money, and we have only been able to make money for more than four years," he said. It means that these are a means of financing for the company. Xilai Motor has only been established for 4 years.

  Cars sales BMW official year-on-year data 2019-06-13
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  Musk congratulated Weilai: this is a difficult milestone.

  "Congratulations on coming," Tesla CEO Musk said on Weibo on April 10. This is a difficult milestone. " Tao Lin, vice president of foreign affairs of Tesla, forwarded Musk Weibo: "whether the 100, 000 cars from Weilai are offline or the cars announced by Xiaomi officials, they all indicate that a new era is getting closer and closer to us, accelerating the transition from fuel-fueled vehicles to new energy vehicles. Look forward to more colleagues." On April 7, the 100,000th mass production car of Xilai was put off the production line at the Jianghuai Weilai factory. Official figures show that from May 27, 2018, the first ES8 in mass production of Xilai car, to 50, 000 on July 18, 2020.

  Weilai 2021-04-10
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  After Wei came to China to settle in Hefei, Li Bin denied the rumors that Geely had bought a stake.

  Recently, some media reported that Geely plans to invest US $300 million to buy shares, and pointed out that according to the calculation of the convertible bonds of US $3.07 just carried out in the primary market, Geely will account for less than 10% of the shares of Lulai Motors after this round of investment, and after the shares are diluted by existing shareholders, Geely is expected to become the third largest shareholder of Xilai Automobile. In response to Geely's stake in Weilai, Li Bin responded on the same day that "I don't know where the rumor came from and will not comment on it", but he said that on the other hand, it also means that more and more investors see the value of Lulai Motor. It is worth noting that Li Bin denied Geely.

  Geely Wei Lai 2020-02-26