Summary by Moomoo AI
Gili Cars (Gili) released its latest sales figures showing that total sales for the first quarter of 2023 reached 111,398 units, an increase of 3% from 107,878 units in the same period last year. Among them, sales of pure electric vehicles (BEVs) decreased slightly by 3% and sales of plug-in hybrid vehicles (PHEVs) increased significantly by 572%. Exports also increased, increasing by 39% from 17,509 in the same period last year. Gilly noted that while total sales were not directly related to the group's confirmed revenue, it reflected the potential demand for the group's cars. In addition, Gili completed the acquisition of a 49.9% stake in Baoteng on 28 April 2023, further expanding its business footprint. The company's executive directors include Li Shufu (Chairman), Li Donghui (Vice Chairman), etc., and independent non-executive directors include Anqing Heng, etc.