On June 16, Li Bin, the founder and CEO of Weilai, said that Weilai has signed the second phase of the Xinqiao Factory with Hefei, with an annual production capacity of 500,000 units and will produce a new brand model of 200,000 levels.
Li Bin also revealed that the new brand will provide a power exchange version, which is a cheaper price for Model3/Y, but the price is about 10%cheaper.
Earlier news said that Weilai has signed a cooperation agreement with the second phase and key core components supporting projects of Neopark's Economic Development Zone on the NEOPARK Xinqiao Smart Electric Vehicle Industrial Park. The project covers an area of 1860 acres. The Group's new mid -to -high -end brand smart electric vehicle products are planned to be completed and put into operation in 2024.
At present, the core team of the new brand has been completed, and the first batch of products have entered a critical research and development stage. In April last year, Xinqiao Smart Electric Vehicle Industrial Park in Hefei, Anhui, officially started.
Weilai decided to build the entire vehicle factory and spare parts with the partners here. The park invested 50 billion yuan in the early stage.Planning the vehicle production capacity of 1 million vehicles per year, a battery capacity of 100GWH/year, and the total annual output value is 500 billion yuan.
~ $ 50,000 market.
He believes that there is still a large market in the market for $ 30 to 50,000. The premise of Weilai is not to sacrifice gross profit and set a reasonable gross profit range to enter this market.