Weilai CFO: very confident to achieve the goal of doubling sales to 250000 vehicles this year.

CTOnews.com, March 22 (Xinhua) according to Bloomberg, Fengwei, the chief financial officer of Xilai, said he was "very confident" of achieving his goal of doubling electric vehicle sales to 250000 this year. This will be achieved through new models, expanding the company's charging and replacement network, and unlocking autopilot technology, he said.

Referring to the data previously given by CTOnews.com, Xilai delivered 8506 vehicles in January and 12157 in February. February delivery rose 98.3% from a year earlier, including 5037 high-end smart electric SUV and 7120 high-end smart electric cars. As of February 28, 2023, the cumulative delivery volume of Lulai has reached 310219.

Q4 revenue in 2022 is 16.06 billion yuan, and the market is expected to be 17.265 billion yuan, compared with 9.901 billion yuan in the same period last year. The net loss of Weilai in the quarter was 5.8 billion yuan, compared with a net loss of 2.143 billion yuan in the same period last year, and the market expected a net loss of 3.6 billion yuan.

For the whole of 2022, the total revenue of Lulai Automobile was 49.2686 billion yuan (US $7.1433 billion), an increase of 36.3% over the same period last year, while the net loss attributed to the common shareholders of Lulai Automobile was 14.5594 billion yuan (US $2.1109 billion), an increase of 37.7% over the same period last year.

Weilai expects delivery in the first quarter of 2023 to be between 31000 and 33000 vehicles, an increase of about 20.3% to 28.1% year-on-year, and revenue is expected to be between 10.926 billion and 11.543 billion yuan, up about 10.2% to 16.5% year-on-year.