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Weilai: at present, the charging pile business has basically broken even, and NIO Power independent financing can not be ruled out.

2024-02-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)12/24 Report--

CTOnews.com December 5 news, Weilai today announced third-quarter results, Weilai Q3 revenue of 19.0666 billion yuan, the same period last year 13 billion yuan, the market is expected to be 19.373 billion yuan.

On the Q3 earnings call, Weilai said that at present, the charging pile business has basically broken even, and some investors are interested in NIO Power independent financing, and the possibility of NIO Power independent financing will not be ruled out in the future.

According to the CTOnews.com inquiry, as of December 5, 2196 replacement power stations have been built, including 694 expressway replacement stations, 3480 charging stations (20441) and 960000 square piles.

In November, Xilai delivered 15959 cars, an increase of 12.6% over the same period last year. From January to November 2023, a total of 142026 new cars were delivered, an increase of 33.1% over the same period last year. A total of 431582 new Weilai cars have been delivered.

As for the electricity exchange business of Weilai, Li Bin said:

From the perspective of Weilai, the power exchange business is very similar to the cloud service, and the network effect is very strong, which requires long-term investment and needs to be fully verified and proved by itself before it can be opened to the outside world. After more than five years of operation, we think it is time to open up.

Of course, the power exchange business has many advantages, including user experience and social benefits. It should be noted that the vast majority of urban users in China live in apartments, and many users have no way to install charging piles, so it is very necessary to change electricity. Especially for mass users. Therefore, we have opened up the power exchange system of the second brand for the general public.

We already have two companies in the process of signing and several others are still under negotiation. They should also see the advantages of changing electricity from the point of view of the interests of users.

We believe that the power exchange mode is sustainable and profitable. NIO Power continues to invest. We are also cooperating with the outside world in various ways. For example, some partners buy exchange power stations, but give them to our network to operate. At present, dozens of power stations are already under way.

We believe that the power exchange mode will be profitable in the long run. And profit opportunities have been seen in some areas.

NIO Power also seeks to open up at the capital level, but there is no information that can be made public.

Related readings:

"Weilai will open the power exchange business for the first time and will cooperate with Changan Automobile in four areas."

Geely Holdings Group and Weilai sign Strategic Cooperation Agreement on Power Exchange

"after Changan and Geely, it is reported that Jianghuai Automobile is a potential partner in the electricity exchange business of Weilai."

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