Automotive Nov 18, 2020 10:09 AM (GMT+8)
On November 18, Weilai released its third quarter financial report. According to the financial report, the company's revenue in the quarter was 4.53 billion yuan, with a market estimate of 4.38 billion yuan. After adjustment in the third quarter, the loss per ads was $0.82, and analysts expected a loss of 1.22 yuan. 12206 new cars will be delivered in the third quarter and 16500 to 17000 vehicles are expected to be delivered in the fourth quarter.
Li Bin, founder of Weilai automobile, said at the third quarter telephone conference of Weilai automobile that it is expected that Weilai automobile will realize the full year operation cash flow conversion in the fourth quarter. At the same time, he also revealed that the production capacity of Weilai will be increased to 7500 vehicles per month in January next year.