Technology, Consumer Staples, Healthcare Jun 09, 2022 08:23 PM (GMT+8) · EqualOcean
Li Bin, the founder, chairman and CEO of Weilai automobile, said that recently, Chinese governments at all levels have also successively issued positive policies to promote automobile consumption and encourage the purchase of new energy models, which will further promote the demand for replacement and additional purchase of high-end intelligent electric vehicles. Weilai will continue to improve the capacity of the whole supply chain and is confident to achieve a rapid increase in delivery in the second half of the year. The battery cost continued to rise significantly in the second quarter, reaching a high point in April, which posed a great challenge to the gross profit margin of finished vehicles in the second quarter. With the delivery of new products, the increase of single vehicle revenue and the ramp up of production, Weilai expects the gross profit margin to rebound from the third quarter.

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