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

CTOnews.com November 19 news, At the beginning of this month, Wei Lai Li Bin issued a full letter in response to layoffs of 10%~20% rumors, Said the company will reduce about 10% of the posts, Specific adjustment will be completed in November. This move has caused a lot of investors and users to worry.

Qin Lihong, co-founder and president of Weilai, responded to questions at the Guangzhou Auto Show: "Weilai Automobile will not go bankrupt, and there is no possibility of bankruptcy. Please feel free to experience and purchase Weilai cars. "

He pointed out that the current market is full of huge opportunities and puts forward higher requirements for each company. Facing the current market opportunities, we should not only strive to seize it, but also maintain strategic determination.

So far this year, he said, Weilai has released and delivered five new cars and built a new factory with an annual capacity of 300,000 vehicles. In each market, the company's sales volume in the first 10 months increased by nearly 40% year-on-year.

Li Bin's internal letter "Organizational Optimization and Two-Year Priorities" shows that Weilai will carry out adjustments involving organizational and resource investment directions. Among them, this optimization mainly covers "three guarantees" and "two efficiency improvements."

"Three guarantees" include 1. Ensure long-term investment in core key technologies and maintain the leading edge of technology and products;2. Ensure that sales and service capabilities can cope with fierce market competition;3. Ensure that 9 core products of 3 brands are listed on schedule.

"Two efficiency improvements" include organizational efficiency improvement and resource efficiency improvement. Organizational efficiency will consolidate duplicate departments and positions, change inefficient internal work processes and divisions, and eliminate inefficient positions; resource efficiency will delay and reduce project inputs that do not improve the company's financial performance within three years.

Wei Lai said that this series of measures will directly bring three impacts to Wei Lai: 1. improve financial situation;2. improve personnel efficiency;3. ensure that the enterprise as a whole has long-term competitiveness.

CTOnews.com previously reported that Weilai Automobile delivered 16074 vehicles in October, up 59.8% year-on-year and 2.8% month-on-month.

By contrast, the ideal delivery of 40422 new cars in October increased by 302.1% year-on-year, breaking through the 40,000 mark for the first time. Xiaopeng delivered 20002 new cars in October, breaking the historical record of single-month delivery.

In fact, Wei Lai's losses are no longer news, let alone hot events. Financial report shows, Weilai second quarter total revenue for 8.7717 billion yuan, Market expectation 9.254 billion yuan, The same period last year 10.29 billion yuan, Year-on-year decline 14.8%, Annulus month-on-month decline 17.8%; Net loss 6.0558 billion yuan, Compared with the second quarter of 2022 increased loss 119.6%, Compared with the first quarter of 2023 increased loss 27.8%.

Over the past five years, Weilai has invested more than 30 billion yuan in research and development, according to data disclosed by Weilai. As of the end of October 2023, the total number of pending and granted patents worldwide reached 7,600.

Related Reading:

"The delivery volume of Weilai Automobile in October is 16074 vehicles: year-on-year growth of 59.8% and month-on-month growth of 2.8%"

"The Q2 revenue of Weilai Automobile was 8.77 billion yuan, down 14.8% year-on-year, and the quarterly delivery volume reached 23520 vehicles"

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