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

CTOnews.com March 1 news, tonight, Xilai announced the fourth quarter of 2022 and full-year results: gross profit margin of 3.9% in the fourth quarter of 2022, compared with 17.2% in the fourth quarter of 2021 and 13.3% in the third quarter of 2022; on the other hand, the delivery guidance for the first quarter of 2023 is about 32000 vehicles, down from 40052 vehicles in the fourth quarter of 2022. About 20%.

Li Bin, chairman of Xilai Automobile, said on the earnings call in the fourth quarter of 2022 that the annual sales target of Lulai Motor is double that of last year, which will help the gross profit margin to rise. If the price of raw materials reaches the expected rate of decline according to the current trend, it will not change the goal of Q4 Kilai brand to achieve break-even in 2023. Li Bin revealed that after the release of all NT2 products, all products can be divided into three categories: ET5+ET5 Touring+ES6, with a target monthly sales of 20000 units; ET7, ES7, and ES8, with a total target monthly sales of about 8000-10000 units; and EC6, EC7 monthly sales of 1000-2000 units. The current product portfolio can support the sales target of 30000 units per month. "if raw material prices decline at the rate we expect according to the current trend, we will not change the goal of Q4 to break even in 2023." Li Bin predicts, "Lithium carbonate has a chance to drop to 200000 / ton or less in Q4. As costs fall, Weilai can return to a gross profit margin of 18% to 20% in 2023."

Li Bin also said that new battery partners will be introduced this year, and the battery pack, which cooperates with China Chuangxin Airlines, will be launched in March. At the same time, Weilai is discussing a new price mechanism with Ningde era, which has not yet been signed. Referring to the delayed delivery of semi-solid batteries, Li Bin said, "We are working hard to promote mass production, our battery research and development team is helping partners, hoping to deliver as soon as possible."

CTOnews.com noted that Xilai also announced car deliveries for February, with 12157 vehicles delivered in February, an increase of 98.3 per cent year-on-year. Among them, 5037 units were delivered by SUV and 7120 by cars. From January to February 2023, a total of 20663 new cars were delivered, an increase of 30.9% over the same period last year. A total of 310219 new Weilai cars have been delivered.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.