[trend of individual stocks]
6 September to 9 September
Last week, the S&P 500 rose 3.65%, the Nasdaq Composite Index rose 4.14% and the Dow Jones Industrial Average rose 2.66%.
Weilai US stocks rose 8.07% last week.Last week, the total turnover was 3.175 billion US dollars. As of last week’s close, the stock price of US stocks was 19.16 US dollars, with a market value of 243.944 billion US dollars. The cumulative monthly decline of US share capital is 3.77%, this year’s cumulative decline is 39.52%, and the cumulative decline in the past 52 weeks is 49.55%.
Last week, the Hang Seng Index fell by 0.46% and the Hang Seng Technology Index fell by 1.6%.
Weilai -SW Hong Kong stocks fell 1.03% last week.Last week, the total turnover was HK$ 509 million. As of last week’s close, the stock price of Hong Kong stocks was HK$ 144.00 and the market value was HK$ 243.691 billion. Hong Kong stocks fell 9.32% this month, 8.75% this year and 8.75% in the past 52 weeks.
[Company comparison]
[Related News]
The total number of Weilai power stations exceeded 1,100.
Weilai official micro-news, on September 10, the total number of Weilai power stations officially exceeded 1100. According to reports, in 2022, Weilai will build a total of 1300+ power stations in the China market; In 2025, 4,000 power stations will be built around the world.
Weilai announces new progress of sub-brands. Popular market brands will use NT3 technology.
On September 7th, Li Bin, the founder of Weilai Automobile, revealed the latest progress of the company’s sub-brands in the second quarter of 2022. It is reported that Weilai’s popular market brand will use NT3 technology and will be introduced to the market together with NT3 products. Li Bin said: "In the past two or three years, we have realized that accelerating the conversion from oil to electricity really needs more products to introduce more and wider users. We have seen the rapid growth of electric vehicles in various markets in China in the past year, and we have also seen some opportunities for user experience innovation. After full verification, we will bring business models and technological innovations to more users."
Li Bin: In the core technology fields such as chips, Weilai’s goal is to establish full-stack self-research capabilities
According to the Beijing News and Shell Finance, on September 7, at the conference call of Weilai Q2 Financial Report, Li Bin, founder, chairman and CEO of Weilai, said that the export policy of US chips to China will not affect Weilai’s operation in the short term; In the long run, it will not have a practical impact on Weilai’s long-term strategy. "In the core technology field, including chips, our goal is to establish full-stack self-research capabilities."
Weilai Li Bin: At present, the yield problem encountered in vehicle production will be fundamentally solved next month.
According to The Paper, in the second quarter earnings conference call on September 7th, Li Bin, CEO of Weilai Automobile, said that in the third quarter of this year, Weilai’s supply chain was indeed affected by a certain epidemic, but overall, the impact of the epidemic on the automobile supply chain was greatly reduced compared with the second quarter. In addition, regarding the "yield" problem encountered in vehicle production in the third quarter, Weilai has taken various measures, such as sending engineers to help supply chain partners improve the "yield" and introducing new partners. Li Bin said that this problem can be fundamentally solved in October, and Weilai is very confident about the delivery in the fourth quarter, but it also means that the pressure on the supply chain and production side will be greater in the fourth quarter.
Li Bin, Chairman of Weilai: The second half of the year is a crucial period for Weilai to expand production and deliver a variety of new products.
Li Bin, chairman of Weilai, said that the second half of 2022 is a crucial period for Weilai to expand production and deliver a variety of new products. Our first medium-to-large, five-seat intelligent electric SUVES7 equipped with NIO Technology 2.0(NT2.0) platform has become one of the most popular models in the market with its excellent performance, comfort and digital experience. We witnessed the strong order inflow of ES7, and started mass delivery in August. We also expect ET5 to start mass production and delivery at the end of September. Based on the highly competitive product portfolio and excellent brand recognition, Weilai will attract a wider user base and achieve strong growth in the next few quarters.
Weilai Automobile: The net loss in the second quarter was 2.745 billion yuan, a year-on-year increase of 316.4%.
Weilai Automobile’s Q2 revenue in 2022 was 10.29 billion yuan, up 21.8% year-on-year; The net loss during the period was 2.745 billion yuan, up 316.4% year-on-year. Weilai Automobile is expected to deliver 31,000 to 33,000 vehicles in the third quarter of 2022; It is estimated that the revenue in the third quarter will be 12.85 billion to 13.6 billion yuan, and the market forecast is 16.23 billion yuan.
(): The company’s stamping business customers include Tianjin FAW Toyota, Weilai Automobile, () and so on.
Tianqimo recently accepted an investor survey and said that the company’s stamping business customers include Tianjin FAW Toyota, Weilai Automobile and Great Wall Motor.
Weilai released NIO Air AR Glasses
According to Weilai Guanwei, Weilai officially released NIO Air AR Glasses, the industry’s first native car AR glasses, which is the only AR glasses with car anti-shake function in the world. It was jointly developed by Weilai and AR equipment company Nreal, and supports binocular 1080P3D display and 108% sRGB color gamut coverage, which can achieve 3D viewing effect equivalent to 4 meters and 130 inches. In terms of content, through the iQiyi video application, Weilai can provide users with nearly 200 3D movies and over 260 Dolby panoramic sound movies. NIO Air AR Glasses accepted the reservation at Weilai App Car Mall at 10: 30 am on September 5, and the pre-sale price of the first discount package was 2299 yuan.
[US stock rating]
On September 8, Citigroup gave Weilai a buy rating with a target price of $31.30.
On September 8th, Mizuho gave Weilai a buy rating with a target price of USD 42.00.
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