Weilai delivered 837 new vehicles in July and completed the battery recall.

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 Weilai delivered 837 new vehicles in July and completed the battery recall.


Li Yang, Securities Daily Network

As the head enterprise of new energy automobiles, Weilai automobiles are in the spotlight all the time. Is Weilai, the first one to deliver 10,000 electric vehicles in the past, still maintaining a high-speed growth trend?

On August 12, Weilai Automobile released delivery data for July 2009. In that month, 837 new vehicles were delivered, including 5 high-performance long-endurance intelligent electric SUVES 6673, 7 high-performance long-endurance intelligent electric SUVs and 6 models ES8164. As of July 31, 2019, Weilai has delivered a total of 19727 ES8 and ES6, of which 8379 were delivered in 2019.

Compared with 1,331 vehicles delivered in the first seven months of last year, sales growth in the first seven months of this year was frightening, but still far from the previously planned annual sales target of 40,000 to 50,000 vehicles. Why?

Weilai Auto official told Securities Daily that the wholesale sales of passenger cars in July dropped by 5% year-on-year, 15.9% year-on-year compared with June. The further reduction of domestic subsidies for electric vehicles at the end of June also had an impact on the market as a whole.

The most important reason is that our previous recall gives priority to ensuring that old owners can use new batteries, the person in charge said. In July, Weilai concentrated on resource allocation and investment, giving priority to battery production to implement the recall demand, and completed all 4803 ES8 vehicles within a month of the formal announcement of the recall. The active recall of batteries affected the production and delivery of the two products in the same month.

You know, Li Bin, chairman of Weilai Automobile Co., Ltd. disclosed that as of May 28, more than 12,000 ES6 orders had been received. According to the plan previously announced by Weilai, 6,000 limited editions of ES6 will be delivered in batches to users in late June, and the base edition will be delivered in batches in October.

Lin Shi, an automotive industry analyst, said that Weilais batteries use the Ningde era, which is now the dominant one. Now there is a battery famine in Ningde. Some automobile companies are going to buy Ningdes batteries with cash. Change 4,803 ES8 batteries at once, and Ningde era will definitely reduce the production of ES6 batteries.

Li Bin told reporters: On the positive side, compared with the initial time limit, we completed the battery recall in about half the time. As our actions in the whole recall process are rapid and transparent, usersconfidence in the safety and quality of our vehicles is rapidly restored. Looking ahead, as the distribution of batteries returns to normal, we will accelerate delivery and make up for the losses incurred by the recall.

Source: Liable Editor of Securities Daily Network: Qiao Junjing_NBJ11279