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

"reducing costs and increasing efficiency" has become a fixed action for large enterprises to achieve long-term development. In 2022, Ren Zhengfei, the head of Huawei, stressed the need to "survive" as the first goal. Nowadays, "reducing cost and increasing efficiency" has also been transferred from the technology Internet industry to the new energy automobile industry. On November 3, Li Bin, founder, chairman and CEO of Weilai, issued an internal letter mentioning that it would carry out adjustments involving organizational and resource investment.

Li Bin's internal letter said that Ulai will carry out "three guarantees" and "two improvements". The "three guarantees" include ensuring the investment of core key technologies, maintaining the leading edge of technology and products, ensuring that sales and service capabilities are sufficient to cope with fierce market competition, and ensuring that nine core products of the three brands are on the market as scheduled. "two efficiency improvements" include improving human efficiency by 10% and accelerating resource efficiency. In the future, projects that do not improve financial performance within three years will be postponed and cut to ensure the company's long-term competitiveness.

In this regard, professionals familiar with Weilai said that the change involves organizational adjustment and adjustment of the direction of resource investment, which is conducive to the improvement of organizational efficiency and resource efficiency, and is of great benefit to Weilai itself. Over the past period of time, the scale of the company has expanded too fast, and the number of employees has increased rapidly. it has recruited nearly 10,000 people a year, bringing the size of the whole company to more than 30,000 people. Excessive organizational expansion has led to a reduction in human efficiency to a certain extent. At this time, Weilai makes organizational adjustments in order to maintain healthy organizational mobility.

In addition, projects that do not improve financial performance in the coming three years will be postponed and cut, which in the view of professionals means that the investment of resources will be more pragmatic and more commercially efficient, and on the premise of ensuring core technology investment, long-term and short-term investment can be better balanced.

Xilai's recent leading position in the high-end market is being further strengthened. Judging from the situation in the second half of this year, the sales volume of Weilai increased significantly compared with the first half of this year, with a market share of more than 50% in the high-end pure electricity market of more than 300000 yuan, and the leading role in the high-end pure electricity market is still obvious. According to the sales volume in recent months, the average sales volume of Xilai is more than 16000 units, with a monthly income of more than 6 billion yuan.

From the perspective of the capital market, in this year's difficult financing environment, Weilai is still optimistic. As of June 30, 2023, the cash reserve of Lulai is 31.5 billion yuan. In July this year, Abu Dhabi investment agency CYVN completed a total strategic investment of about $1.1 billion through the private placement of new shares and the transfer of old shares. In September, Weilai successfully issued a total of $1 billion of convertible senior bonds, and these two financing will effectively improve Weilai's cash flow. Some investors said that at present, there is plenty of cash and room for development, and it is the most appropriate time to carry out organizational adjustment to improve efficiency.

Market analysts pointed out that at present, various industries are paying attention to rational development, and the organizational optimization of science and technology, Internet, automobile and other industries has become the norm. Under the premise of good financial situation in the past two years, many Internet enterprises still carry out continuous organizational optimization actions, "reducing costs and increasing efficiency" is the general trend.

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