NAV: AutoBeta Home > AutoBeta Popular content >

Weilai financing Learn more about Weilai financing

AutoBeta has retrieved the following content about Weilai financing for you across the entire web.

• 

  Online rumor Li Shufu spent 300 million yuan to buy shares to both sides to respond to financing rumors: no comment

  Recently, there are media reports 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 that has just been carried out in the primary market, Geely will account for less than 10% of the shares of Lulai 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. In response to the relevant media reports, Yang Xueliang, vice president of Geely Automobile Group, said that he "did not know about this and did not comment on the market rumors". Lulai also said that "no comment will be made, and all financing related issues will be mainly announced." The shortage of funds for cars in Xilai is nothing new.

  Li Shufu Weilai Motor 2020-02-18
• 

  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
• 

  Crazy change! Weilai again announced the completion of 235 million US dollars of convertible bond financing.

  On March 5, Xilai Motor announced the completion of another $235 million convertible bond financing project, invested by several non-related party Asian investment funds. The convertible bond will mature on March 5, 2021. Before the maturity of the bill, the holder of the bill has the right to convert all or part of the principal of the bill into Class A common shares. So far, Xilai Motor has completed a total of 435 million US dollars in convertible bond financing projects. Prior to this, Lai Motor announced on February 6 and February 14 respectively that it had completed US $100 million in convertible bond financing and a cumulative total of US $200 million in convertible bond financing. The problem of funding is still the current difficulty for the car company.

  NextEV 2020-03-06
• 

  Weilai announced the completion of US $100 million convertible bond financing, and there is still a lot of financial pressure.

  Xilai Motor announced the completion of a cumulative $100m convertible bond financing project, which was bought by two Asian investment funds of $70 million and about $30 million respectively, both of which were "non-related parties".

  Weilai financing 2020-02-07
• 

  Xie Dongzhong, CFO of Xilai Automobile, will leave office, which is related to the financing measures of Xilai.

  According to several sources at the top of the company, Xie Dongzhong, chief financial officer (CFO) of Lulai Automobile, will leave office in the near future. According to people familiar with the matter, Chief Financial Officer (CFO) Xie Dongzhong is likely to work until the 30th of this month. However, to this news, the public relations staff of Xilai automobile responded that they had not received the relevant news yet. It is understood that Xie Dongqin joined Xilai Automobile in May 2017 and took up the position of CFO, responsible for the financing and listing projects of Lulai Automobile, reporting directly to Li Bin, Chairman and CEO of Xilai Automobile. There are two financial directors of Lulai Automobile. One is Wang Dongning, vice president of financial affairs of Lulai Automobile, and Ning is in charge of Lulai.

  Xie Dongzhong CFO of Xilai Automobile will leave in connection with the financing measures of Lailai. 2019-10-28
• 

  Weilai announced a new round of financing, issuing 72 million American depositary shares

  Xilai announced that it has completed the transaction of issuing 72 million American depositary shares (ADS) (each ADS represents 1 Class A common share) at US $5.95 per share. The company also allows underwriters to buy up to 10.8 million additional shares of the company's ADS within 30 days. At the same time, Weilai plans to obtain funds from this ADS financing, which is mainly used to provide cash investment to Weilai China and other necessary working capital. The company expects Weilai China to use cash to invest in R & D products, services and technologies, develop production facilities, and expand its supply chain, operations and sales and service networks.

  Weilai 2020-06-16
• 

  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
• 

  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
• 

  Weilai urgent clarification!

  A rumor triggered a sharp change in the share price of Weilai. On the evening of Sept. 25, it was rumored that Xilai was considering raising about $3 billion (21.9 billion yuan) because of widening losses and had contacted investors from the Middle East. Financing is likely to take place in the first half of next year and negotiations are still under way. Receive

  Mobile phone investment company loss issuance bond announcement convertible stock price trading financing ordinary continuous product price 2023-09-26
• 

  Weilai is listed on the Singapore Stock Exchange!

  On May 20, Weilai listed on the main board of the Stock Exchange of Singapore Limited (SGX-ST) under the ticker "Weilai" with an opening price of US $16.90. By the end of the day, Xilai (SGX) closed up% to US dollars, with a total market capitalization of US $100 million. According to data, Weilai was founded in 2014.

  China financing trading investment Xinjiao companies Hefei products Singapore the United States ways models or Hong Kong power 2022-05-20
• 

  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
• 

  Xilai announced that it had raised 1.4 billion yuan, and sales declined in the first month of 2020.

  Xilai announced that it has completed another $100m convertible bond financing project, with a total financing of $200m (about 1.4 billion yuan) this year. According to the announcement, Ulai has signed convertible bond subscription agreements with two Asian investment funds that are not related to it, and will issue and sell convertible bonds with a total principal of US $100 million to buyers in the form of a non-public offering. At the same time, the bond issue has an interest rate of zero and will mature on February 4, 2021. Not long ago, Weilai also announced a financing of US $100 million, which was also invested by unrelated Asian investment funds. Therefore, Weilai enters 2020.

  Weilai 2020-02-15
• 

  It is exposed that GAC GROUP may take a stake in Xilai Automobile: the financing project is mainly based on announcement.

  It is reported that GAC GROUP plans to buy a stake in Lulai Motors. At present, GAC GROUP is raising funds for investing in Lulai Motors. The amount of money is about $1 billion, according to people familiar with the matter. In response to this news, Weilai said that the financing project shall be subject to the announcement of listed companies. Admittedly, as a new force in car-building, Lai Automobile is indeed plagued by funds. If GAC GROUP takes a stake in Lai Automobile, it will effectively alleviate the financial problems of Lai Automobile. From the current point of view, Xilai Automobile in terms of capital is mainly through cost-cutting and financing. In July 2019, in order to ease the financial pressure, Xilai sold.

  NextEV 2020-01-15
• 

  Xie Dongzhong, chief financial officer (CFO) of Xilai Automobile, left his job for personal reasons.

  According to media reports, Xie Dongzhong, chief financial officer (CFO) of Xilai Automobile, will leave office in the near future. According to the data, Xie Dongzhong holds a Bachelor of Science degree in Engineering from Stanford University, an MBA degree from Harvard Business School, and a Bachelor of Science degree from the University of California, Berkeley, and has a long overseas working background. Xie Dongzhong has worked for JPMorgan Chase, UBS assets, UBS Investment Bank and other companies for many years, and then served as president and chief financial officer of New Oriental Education and Technology Group. In May 2017, Xie Dongzhong joined Weilai Motor as CFO, responsible for financing and listing projects, and reported directly to Chairman and CEO Li Bin. Xie Dongzhong.

  Xilai car Xie Dongzhong 2019-10-28
• 

  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
• 

  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
• 

  Sales hit a record high in the coming quarter, and when to get rid of "losing one" is still the key.

  On July 2, Xilai released delivery data for June 2020. Data show that a total of 3740 vehicles were delivered in June this year, an increase of 179.1 per cent over the same period last year. Among them, ES6 and ES8 delivered 2476 and 1264 vehicles respectively, the quarterly delivery reached a record high. In addition, as of June 30, Weilai has delivered a total of 14169 vehicles. In addition to the delivery data, Weilai also disclosed good news on financing. On June 29, Xilai officially disclosed the final progress of the Hefei strategic investment agreement, plus a cumulative financing of $435 million on February 6, 14 and March 5 this year.

  Weilai 2020-07-02
• 

  Weilai delayed the payment of wages due to the epidemic and launched a voluntary plan to exchange employees' salaries into stocks.

  It is widely rumored on the Internet that Xilai Motor has decided to postpone the payment of employees' wages in January and launched a voluntary plan to exchange 13 salaries for shares. For the continued huge losses, financing projects blocked Wei Lai, undoubtedly added to the topic. Taking into account factors such as the delay in resuming work, Weilai decided to postpone the payment of wages in January to February 14, according to documents posted online. With regard to thirteen salaries, thirteen salaries for 2019 will be paid together with the company on March 6, 2019, while Weilai will launch a voluntary plan for employees to exchange their thirteen salaries into restricted shares.

  Weilai 2020-02-13
• 

  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
• 

  Weilai ran into trouble again and was sued by Davis property and was sentenced to compensation of 1.1 million yuan.

  Recently, according to the ruling of Shanghai Jiading District Court, Shanghai Ulai Automobile Co., Ltd. should pay 1.1 million yuan in intermediary service fee to Savills property, as well as late payment interest.

  Weilai was sued by Davis property Lulai Motor. 2020-03-12