Chinese electric vehicle manufacturer Weilai Automobile's revenue in the first quarter of this year is not as expected, but it is expected that the company can still achieve the average monthly sales of 20,000 vehicles in the second half of the year.
According to the surging news report, Weilai Automobile announced the financial data in the first quarter of 2023 on Friday (June 9) that Weilai Automobile achieved revenue of 10.68 billion yuan in the first quarter of this year (the same is the same as the RMB, the same belowAbout 2.013 billion yuan), which is lower than the market expectations of 1.2.275 billion yuan, and 9.911 billion yuan in the same period last year.
At the financial report meeting, Li Bin, CEO of Weilai Automobile, repeatedly mentioned the fierce competition in the automotive market this year.He said that the market has recently changed very much, and the competition has been further intensified, which has led to a number of target users who have lost in the competition. For example, the market performance of ET7, ES7 and ET5 is less than expected.
Li Bin said that in the face of such a market environment, Weilai will respond to market changes at a faster speed to ensure the competitiveness of products and services.He introduced that the Volkswagen brand Alps will start delivery as scheduled in the second half of next year. In the investment cycle, especially the rhythm of the market, it will be more compact and more detailed in efficiency.
Li Bin also admits that from the current situation, the time to be balanis in the fourth quarter of this year will be pushed back, and it is expected to not exceed one year.
In terms of gross profit margin, Weilai Automobile's gross profit margin in the first quarter was only 1.5%, and the same period last year was 14.6%.Weilai Automobile CFO Qu Yu said that with the opening of the new model of the second -generation platform, the gross profit margin is expected to return to dual digits in the third quarter and exceed 15%in the fourth quarter.
Weilai Automobile also expects that in the second quarter, the sales of Weilai Automobile, which is still in the replacement period of the product, will not improve, and the delivery volume is 23,000 to 25,000.
In the first quarter of this year, Weilai Automobile delivered a total of 30,000 vehicles.In April and May of this year, Weilai Automobile's delivery volume was 6,658 and 6,155, respectively.Based on this calculation, Weilai's delivery volume in June will be expected to reach 12,000 units, resumed to 10,000 monthly sales.In the second half of the year, Weilai gave the target of an average monthly sales of more than 20,000 vehicles.
