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  Hillhouse Capital announces "breakup" with Xilai Motor

  Recently, Hillhouse Capital recently filed with the American Stock Exchange that as of December 31, 2019, Hillhouse Capital will no longer hold shares in Lulai Motor, and the cooperation between the two sides has officially come to an end. According to data, Hillhouse Capital led the investment of US $100 million in the A-round financing of Xilai Automobile in 2015, and then continued to follow in the C-round financing and C + round financing. In September 2018, Xilai listed on the New York Stock Exchange, with Hillhouse holding 7.5% of its shares, making it the third-largest shareholder. On January 30th, 2019, Xilai issued convertible senior bonds with a total value of 650 million US dollars.

  Weilai 2020-02-17
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  Netizens exposed that Wei Lai can't get paid and is waiting to be laid off? Xilai Automobile: adjust the wage payment date

  On December 25, some netizens revealed that Xilai could not pay its December salary and was waiting to be laid off. Later, the company responded that the company was not unable to pay wages, but adjusted the pay date, from the last working day at the end of each month to the 8th of the following month. According to an internal letter from Xilai Automobile, as the number of employees increases and the salary structure becomes more and more complex, it is becoming more and more challenging to complete monthly salary accounting at the end of each month. At the same time, there are many problems, so the salary time will be adjusted. In fact, there is no reason for the netizen to worry about being laid off. It is understood that the Weilai car is in.

  Weilai 2019-12-26
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  Xilai Q3 delivered 4799 vehicles more than expected, but the car sent to Lei Jun has not yet been given.

  Xilai, which lost a lot of money and its share price fell, today released its September and third-quarter delivery results. Xilai delivered a total of 4799 vehicles in the third quarter, compared with an earlier estimate of 4200 to 4400 in the third quarter, so the result also exceeded expectations. In September, Xilai delivered 2019 vehicles, including 1726 ES6293 ES8;, a total of 4799 vehicles delivered in the third quarter, including 4196 ES6603 ES8. Li Bin said, "delivery in the third quarter exceeded the upper limit of our guidance, because ES6 production and delivery were first delivered in June."

  Lulai car loss sales volume 2019-10-08
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  A net loss of 5.2 billion yuan! Weilai annual financial report released

  On March 2, Xilai released its financial results for the fourth quarter of 2020 and its annual financial results. According to the financial report, the revenue of Xilai Automobile in 2020 was 16.26 billion yuan, an increase of 107.8 percent over the same period last year, while the net profit loss was 5.204 billion yuan, down 53.04 percent from the same period last year. Of this total, revenue in the fourth quarter of 2020 was about 6.641 billion yuan, up 133.2 percent from the same period last year, while the net loss was about 1.389 billion yuan, down 51.5 percent from the same period last year. The narrowing of revenue and profits of Xilai has a lot to do with the sharp increase in delivery volume. According to the data, the cumulative delivery volume of Xilai Automobile in 2020 is 43 and 7.

  NextEV 2021-03-02
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  With the departure of senior executives, the sharp decline in sales and financial difficulties, where is the development future of Lulai Motor?

  It has been an unusually "cold" summer for senior executives to leave one after another, declining car sales, financial difficulties and so on. Yesterday, Li Bin officially said that Zheng Xiancong, co-founder of Xilai Motor, will officially leave his post and will continue to serve as Li Bin's personal adviser after retirement, support Lai Automobile in the supply chain and partners, and will continue to serve as chairman of Xilai Drive Technology. Continue to strategically guide the development of technology. According to public information, Zheng Xianchong worked at Ford for only 30 years before joining Xilai Motor, serving as the purchasing director of Ford's joint venture Jiangling Ford in China, vice president and vice president of Ford China.

  Sales volume turnover 2019-08-16
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  The vice president of finance left, and the share price fell 13.25% after surging 36.84% yesterday

  Since the second half of this year, there have been frequent changes at the top of the interior of Xilai Automobile. On June 30, Zhuang Li, vice president of automobile software development, resigned. Qin Lihong, president of Lulai Automobile, responded that Zhuang Li had left her job for personal reasons and that the job had been transferred, which had no impact on the company's business. On August 15, Zheng Xiancong, co-founder of Xilai Motor, officially left. After retirement, he will continue to serve as Li Bin's personal adviser, support Xilai Automobile in the supply chain and partners, and will continue to serve as chairman of Xilai Drive Technology. Continue to strategically guide Wei to drive the development of technology. At the end of September, Xilai launched a layoff plan to reduce expenses.

  NextEV 2019-11-07
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  Qin Lihong, president of Xilai Motor, will raise another $3 billion: "slimming" has become the norm, but not "amputation."

  Mainland electric carmaker Xilai Motors, which has been plagued by negative news recently, is looking for a breakthrough. Qin Lihong, co-founder and president of Lai Automobile, said that Xilai intends to raise another $3 billion to invest in new energy. Affected by the downturn in the car market, Weilai recently announced lower-than-expected results in the first quarter of 2019, and car delivery is declining. In the second half of the year, a number of senior executives of the company left, and Li Bin, founder of Xilai, said that in order to control expenses and improve operations, he would cut 1200 jobs in September and retain 7500 by the end of September. Qin Lihong said that Weilai spent a lot of time discussing the content of organizational optimization in July.

  Car Wei Lai 2019-08-27
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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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  Xilai Motor lost more than 3.2 billion in the second quarter and cut 1200 jobs at the end of September to reduce costs.

  On Sept. 24, Xilai announced its second-quarter results. According to the results, the operating income of the future going car in the second quarter was 1.508 billion yuan, higher than the market expectation of 1.309 billion yuan, and the revenue in the same period last year was 46 million yuan. The net loss attributed to shareholders in the second quarter was 3.285 billion yuan, higher than the market expected loss of 2.944 billion yuan, and a loss of 6.11 billion yuan in the same period last year. Earlier, some analysts pointed out that Lulai will lose 2.6 billion yuan in the second quarter, meaning that the cumulative loss of Lulai is about 40 billion yuan, which is equivalent to Tesla's 15-year loss. From the current point of view, the loss of Xilai Motor has reached a point.

  Xilai Motor Announces second quarter results 2019-09-24
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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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  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
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  Troubled times! Besieged by three pieces of public opinion in one day, Xilai said that it was very passive.

  On November 4, the latest sales figures showed that a total of 2625 cars were delivered in October, an increase of 25 per cent from the previous month and 61 per cent from a year earlier. Among them, the delivery volume of the ES6 in October was 2220, with a total of 6829 from January to October, while that of the ES8 was 306, an increase of 4 per cent from the previous month. As of October this year, a total of 14867 cars have been delivered by Xilai. On the day of the announcement of sales, shares of Xilai rose 4.83% to $1.52 in pre-market trading. However, in the grim environment of the car market, it is easier to attract attention than the growth of sales.

  Weilai 2019-11-14
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  After the delivery volume was announced in the third quarter, there was a big change in the senior personnel of Xilai Automobile.

  On October 11th, a letter about the promotion and change of global senior management in Lulai was circulated on the Internet, referring to the promotion of Shen Feng, Zhou Xin and Ganesh V.iyer to executive vice presidents, reporting directly to Li Bin. Huang Chendong and Zhong Wanli were promoted to senior vice presidents and also reported to Li Bin. In addition, Danilo Teobaldi was promoted to vice president. This year, Xilai Motor is facing unprecedented pressure. Personnel changes, company layoffs, declining performance, car spontaneous combustion and other signs show that the situation of this car company is extremely serious. It is worth noting that this is the second announcement of Xilai Motor.

  Personnel change of Xilai Automobile 2019-10-12
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  The revenue loss of Xilai Motor narrowed in the first quarter, and the loss in a single quarter hit a record low.

  Xilai, which has experienced the "worst" term in 2019, seems to have performed well in 2020. According to the latest financial data released by Weilai a few days ago, it is better than the expectations given by analysts.

  Weilai 2020-05-29
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  Weilai Motor, which suffered a huge loss of 11.3 billion, was listed as the executor because of 1.1 million yuan. Response: business disputes.

  According to just released the fourth quarter of 2019 and full-year results show that still in the loss of the car, recently by the court as the subject of enforcement, which in many people's opinion whether the car encountered difficulties again. Shanghai Lulai Automobile Co., Ltd., the main body of operation of Lulai Motor, has been listed as the subject of execution by the Shanghai Jiading District people's Court, with a target of 1.1 million yuan, according to the China Executive Information publicity Network. To say that this 1.1 million yuan is obviously "negligible" compared with the loss made by Xilai Motor over the past year, is it possible that the recent loss made by Xilai Motors can not even be repaid? In response to this, Xilai Automobile responded today.

  Weilai 2020-03-23
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  All of a sudden! Xilai Motor announced 1200 layoffs

  The rapid development of Xilai Motor, which has been repeatedly caught up in public opinion and layoffs, is now another round of layoffs, and 1200 people will be forced to leave. Li Bin, founder of Weilai, issued an internal letter on Aug. 22, acknowledging that he would cut another 1200 jobs in September because of major changes in the industry and the company. "the layoffs are mainly concentrated in human resources, legal, financial and other operational support departments, with little impact on strategic core departments such as R & D and user services," the official Weilai told the media. " There is no doubt that under the pressure of funds and delivery, Xilai has to start the "slimming plan" again. Weilai develops at a high speed.

  Layoffs cars Weilai emergencies 2019-08-22
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  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
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  Xilai delivered more than 20, 000 units in 2019 and delivered 3170 units in December last year

  Today, according to the December 2019 delivery data released by Ulai, 3170 vehicles were delivered in December 2019, an increase of 25.4% over the previous month, falling short of the annual sales target. So far, the cumulative delivery volume of Xilai Automobile for the whole year of 2019 reached 20565, an increase of 81% over the same period last year, of which 8224 were delivered in the fourth quarter. In terms of specific models, in December 2019, ES6, the second model of the Weilai brand, delivered 2537 units, up 22.7% from the previous month; ES8, the first SUV model, delivered 633 units in December, up 37.3% from the previous month.

  Xilai delivered more than 20 000 units in 2019 and delivered 3170 units in December last year 2020-01-06
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  Xilai Automobile responds to the big change in the ranking of the new power of car-building in October.

  On November 1, Xiaopeng Automobile, the new force of domestic car building, ideal Automobile, Lulai Automobile and so on have released October delivery data to the public. It is worth noting that Xilai was the "champion" in September, but the delivery volume announced in October fell out of the first camp, delivering only 3667 new cars in October. Looking back at the delivery of Xilai in recent months, it is like a roller coaster. Due to the shortage of chips, the delivery volume of Xilai remained depressed in July and August; in September, its delivery volume reached 10628, an increase of 125.7% over the same period last year, a record monthly delivery; and in October.

  NextEV 2021-11-03
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  Sales of Xilai car hit a new high in October, and "illness" finally got better.

  The cumulative delivery volume was 14867 vehicles from January to October this year, and 26215 vehicles have been delivered since June 2018. In October, a total of 2625 cars were delivered, up 25 per cent from a month earlier and 61 per cent from a year earlier. Among them, in October this year, the delivery volume of the ES6 was 2220, with a total of 6829 this year, while the delivery volume of the ES8 was 306, an increase of 4 per cent from the previous month. By October this year, it had delivered a total of 14867 vehicles, while since the beginning of delivery in June last year, it had delivered a total of 26215 vehicles. According to the statistics. Weilai Automobile.

  Weilai 2019-11-04