“Wely need this transcript to give the market a little confidence.”
Learn, Wei Lai Automobile announced that the number of vehicles delivered in the third quarter was 4,799 units, higher than the previous sales of 4,200-4,400 units. It is forecast to increase by 35.1% from the second quarter, including 4,196 ES6 and 603 ES8.
This data is not eye-catching.
The subsidy for new energy vehicles has retreated, and the impact of the superimposed recall on Weilai is not small. In order to stimulate the demand for car purchase, Weilai launched a lifetime free warranty in the third quarter, “double exemption” policy for free lifetime replacement. In addition, car market has “Golden September and Silver 10” effect blessing, Wei Lai also added a car purchase preferential policy in September, such as three-year installment interest-free, 30% down payment car purchase Wait.
Another factor affecting car sales in September this year is that Li Bin mentioned in the above announcement that delivery is also positively affected by “expedited shipments before the National Day holiday in China.”
From the monthly data, Weilai has not completely gone out of the shadows – September delivered 2019 vehicles (1726 ES6, 293 ES8), and the data for August is 1973. Taiwan (1794 ES6, 146 ES8), the effect of September marketing on monthly growth is not obvious.
In addition, ES6 is the “small handle” of Weilai’s sales. The sales data in September did not rise and fall compared with August, and there is still a lot of data from the ES8 last month’s monthly sales of 3000+. A long distance. From the first three quarters, as of September 30, Weilai’s total delivery volume reached 12,000 units in 2019, and only 1/4 of the target of 40,000 to 50,000 units set at the beginning of the year.
There is not much time left for Wei.
Because of the continuous operating losses, the huge investment of NIO House and the impact of the recall, Weilai’s share price has been down for half a month after the announcement of the Q2 financial report, and even approached $1. According to the regulations, if the company’s stock price lasts for 30 days and less than 1 US dollar per share, it will receive the warning from the NYSE, and the company’s share price within 90 days thereafter.