Shulou(Shulou.com)11/24 Report--

CTOnews.com January 15 news, from Weimar official learned that the brand's many models price adjustment, an increase of 1.5-25000 yuan.

CTOnews.com learned that Weimar will make price adjustments for W6, EX5-Z, E.5 and other models on January 1, 2023. After the adjustment, the price after the comprehensive subsidy will rise by 15000 yuan to 25000 yuan. Among them, the price increase of EX5 model is 15000 yuan, the price increase of EX5-Z model is 15-20 thousand yuan, the price increase of E.5 model is 15-20 thousand yuan, and the price increase of W6 model is 25000 yuan. The price adjustment scheme will take effect 00:00 on January 1, 2023, and users who have completed the deposit payment before that time will not be affected by this price adjustment.

Weimar, which was plagued by the crisis, has recently ushered in a major favorable turn. On January 12, APOLLO Smart Travel Group Limited (hereinafter referred to as "APOLLO Travel") announced that its wholly-owned subsidiary and Weimar Holdings Limited had entered into an acquisition agreement to acquire the entire issued share capital of its wholly-owned subsidiary WMMotor Global Investment Limited for US $2.023 billion (HK $15.8 billion) and to allot and issue about 28.825 billion shares at an issue price of HK $0.55 per share.

It is reported that Apollo Wisdom Travel Group Co., Ltd. is a Hong Kong stock listed company, the company's co-chairman, non-executive director is Weimar's Shen Hui. In addition, according to public information, Weimar Automobile Holdings Co., Ltd. previously held a 23.66% stake in Apollo Wisdom Travel Group Co., Ltd., making it the company's largest shareholder. It is reported that Weimar will be listed through RTO (reverse takeover listing), or will be listed in the second quarter.

Weima has been "left behind" in the past two years since 2021, and the main reason is that it also appears on the product. According to media statistics, from September 2020 to April 2022, Weima had at least nine spontaneous combustion accidents, mainly focused on the EX5 and EX6 models. In addition, the problem of "locking power" has pushed Weima to the forefront of the wind and waves.

CTOnews.com learned that from the prospectus provided by Weima, the company's annual losses from 2019 to 2021 were 4.1 billion yuan, 5 billion yuan and 8.2 billion yuan, respectively. As of December 31, 2021, Weima's total current assets are only about 10 billion yuan, of which cash and cash equivalents are only about 4.1 billion yuan.

According to the Federation of passengers, Weimar sold less than 30,000 vehicles in 2022, only 29450, down 33.3% from a year earlier. Among them, Weimar E5 sales for 18763 vehicles, Weimar EX5 sales of 4317 vehicles, Weima W6 sales of 6364 vehicles, Weima EX6 sales of only 6 vehicles. Based on this calculation, the average monthly sales of Weimar in 2022 is 2454.

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