Second hand car business added to the business scope of Weilai automobile affiliated company

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 Second hand car business added to the business scope of Weilai automobile affiliated company


Shanghai Weilai Automobile Sales Service Co., Ltd. was established in March 2017 with a registered capital of US $500 million and its legal representative is Qin Lihong, co-founder of Weilai automobile. The companys business scope includes auto sales and related after-sales services, wholesale of auto parts and auto supplies, online retail import and export, and commission Agency (except auction), and provides related supporting services, distributed The wholesale, online retail, installation and maintenance of AC charging pile are wholly owned by Weilai (Anhui) Holding Co., Ltd.

According to a report on July 17, following the investment of 7 billion yuan by Hefei municipal government, Tencent has invested 70.7 million yuan to increase its shareholding and 6 banks have given a total of 10.4 billion yuan of comprehensive credit, making it the favorite of capital again. On July 13, the US Securities and Exchange Commission (SEC) documents showed that during the period from June 10 to July 8, Weilai was increased from 15.1% to 16.3% by Tencent holdings. It is the second largest shareholder of Weilai, with voting rights (21.1%) second only to that of Weilai founder Li Bin (47.0%).

According to the June delivery data released by Weilai on July 2, Weilai delivered 10331 vehicles in the second quarter, up 190.8% year-on-year and 169.2% month on month.

Source: Wang Fengzhi, editor in charge of Netease science and Technology Report_ NT2541