Morgan Stanley is optimistic about Weilai and expects delivery of 15000 vehicles in July.

CTOnews.com July 12 news, Morgan Stanley yesterday released a research report that through price cuts, intensive delivery of new models, etc., investor optimism, led to a sharp rise in its share price.

The us stock market of Xilai automobile rose 7.91 per cent on July 10 and closed up 0.28 per cent yesterday, a cumulative increase of about 44 per cent since June 1.

CTOnews.com quoted Morgan Stanley's report as saying that Lulai's monthly sales improved significantly, with sales exceeding 10000 units in June and strong sales growth at the end of the month.

Xilai delivered 4100 cars in the last week of June (June 26 to July 2), an increase of 29 per cent year-on-year and the best weekly result of the year.

"We now expect delivery of 15000 vehicles in July and then rise steadily in September, when the company aims to achieve sales of 20, 000 vehicles," Morgan Stanley said.

Xilai has been suffering from a shortage of parts such as castings and controllers since 2022, and the supply has improved recently.