Li Bin: in the field of core technology such as chips, Weilai is committed to self-research in the whole stack.

According to the news of CTOnews.com on September 7, according to the Financial Associated Press, at the earnings call for the second quarter of 2022, Li Bin, the founder of Weilai, said that the US chip export policy to China will not affect the operation of Weilai in the short term and will not disturb the company's long-term strategy in the long run.

Li Bin said that in the core technology areas such as chips, the goal of Ulai is to establish full-stack self-research capability. The company believes that core R & D capabilities can help to cope with the risk of industrial policy change, as well as improve gross profit margin and technological competitiveness.

Today, Xilai released its second quarter 2022 results for the year ended June 30, 2022. According to the report, revenue in the second quarter of 2022 was 10.29 billion yuan, compared with 8.448 billion yuan in the same period last year, an increase of 21.8 percent over the same period last year; R & D expenditure reached a record high of 2.15 billion yuan in a single quarter; a net loss of 2.745 billion yuan in the second quarter, compared with a loss of 659 million yuan in the same period last year.

In terms of delivery volume, the second quarter of 2022 saw delivery of 25059 vehicles, including 3681 ES8, 9914 ES6, 4715 EC6 and 6749 ET7, an increase of 14.4 per cent over the second quarter of 2021 and a decrease of 2.8 per cent from the first quarter of 2022. CTOnews.com learned that Xilai said it expected to deliver 31000 to 33000 vehicles in the third quarter of 2022, with revenue of 12.85 billion yuan to 13.6 billion yuan in the third quarter.