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nio’s market value soared by more than 6.5 billion last night. li bin once again revealed his true character and gave sharp comments on fuel vehicles.

just now, nio released its second quarter financial report, and the data showed positive trends: deliveries hit a record high, and revenue exceeded first quarter expectations. net losses narrowed year-on-year, and the gross profit margin of automobiles increased.

the core indicators in the second quarter were generally positive, and nio's third-quarter delivery revenue guidance was also optimistic, attracting attention from the capital market. its stock price soared by more than 14.4% overnight, and the market value increased by more than the revenue from car sales in one month.

in the conference call after the release of the financial report, brother bin, the elder brother of jinchi who couldn't figure out who was still buying gasoline cars, once again spoke passionately about gasoline cars:

"fuel vehicles have entered a vicious cycle in china"

"because many internal combustion engine brands have to cut prices to maintain their market share"

"within 2 to 3 years, the penetration rate of new energy will exceed 80%"

nio's delivery hit a new high, and its market value soared by more than 14% overnight

first iscar deliveryin terms ofdelivery volumereached 57,373 vehicles, a significant year-on-year increase143.9%, a month-on-month increase of 90.9%, setting a new historical high and higher than the delivery guidance of 54,000-56,000 vehicles given by nio in the previous quarter.

secondly, focus on the core indicators of the financial report, the second quarteroperating incomethe revenue reached 17.446 billion yuan, up 98.9% year-on-year and 76.1% month-on-month, also exceeding the guidance of 16.587-17.135 billion yuan.

in,car sales revenuethe sales revenue of automobiles accounted for 15.679 billion yuan, a year-on-year increase of 118.2% and a month-on-month increase of 87.1%.89.9%, an increase of 8 percentage points over the same period last year.

on averagethe price of the bicycle is 273,300 yuan, down 32,200 yuan from the same period last year, which isaverage price declines for the third consecutive quarter。

both delivery volume and revenue showed significant growth and both exceeded nio's expectations, ranking at an upper-middle level among new forces.

in terms of profitability, the loss is still over 5 billion, with a net loss of 5.046 billion yuan in the second quarter, but it has maintained a narrowing trend, 1 billion yuan less than the net loss in the same period last year, and 140 million yuan less than the previous quarter. it still loses 87,951 yuan for every car sold.

at the same time, gross profit margin also increased significantly in the second quarter.overall gross profit marginit was 9.7%, up 8.7 percentage points from the same period last year and nearly double that of the previous quarter;automobile gross profit marginit was 12.2%, which doubled compared with last year and increased by 3 percentage points compared with the previous quarter.

regarding the significant increase in gross profit margin, nio explained in its financial report that this was due toreduced material costs, partially offset by a decrease in average selling price due to user benefit adjustments.

in addition, nio also responded in the earnings conference call, saying that the efficiency of after-sales service has improved and the revenue of battery replacement services has increased.reduced losses from other businesses, which was the main driver of gross profit margin growth.

weilai expects that by the end of this year, the company's gross profit margin will reach15%。

in terms of operating expenses,research and development expenses3.219 billion yuan, a year-on-year decrease of 3.8%, but an increase of 12.4% compared with the previous quarter.

selling, general and administrative expensesit was 3.758 billion yuan, a significant year-on-year increase of 31.5% and a month-on-month increase of 25.4%.

the reasons revealed in the financial report were: increased personnel costs in the sales function and increased sales and marketing activities.

this may be related to weilailedaoit is related to the opening of 105 new stores and the recruitment of sales staff.

about nio’s currentcash reservesas of the end of june, cash and cash equivalents, restricted cash, short-term investments and long-term deposits were41.6 billion, an increase of 1 billion yuan over the same period last year, but a decrease of 3.7 billion yuan compared with the balance in the first quarter of this year.

as the last emerging automotive company to submit its financial report, nio's overall performance was good, with both revenue and sales exceeding expectations and achieving substantial growth.

however, sales in the first half of the year were 87,000 units, only half of the full-year target was achieved.38%。

sales will continue to be under pressure in the future. what are nio’s plans for the future?

how will nio develop next?

weilai puts its hope onnew carsandgoing to seasuperior.

in terms of new cars, the first car of the sub-brand ledao was launched in the fourth quarter of this year.L60after its official listing on september 19, it will become a new growth point for nio.

li bin confirmed that the price of l60 will belower than the pre-sale price of 219,900 yuanhowever, the pricing will not be too aggressive. ledao’s medium- and long-term target gross profit margin is 15%, which is aligned with the main brand.

nio is very confident about the l60. in order to ensure supply, nio has implemented a "double shift" in the ledao factory and is preparing production capacity according to the goal of delivering 10,000 vehicles in december. nio hopes that monthly sales will exceed 20,000 next year.

then by next year, nio said it will deliver at least two new cars.

one isnio et9, will be delivered as planned in the first quarter of next year.

et9 is nio’s executive flagship sedan, which was launched for pre-sale at nio day last year.800,000 yuan, equipped with a series of latest technologies, such as 900v architecture, porsche's same fully active suspension and nio's self-developed intelligent driving chip.

the other isthe third brand is fireflythe first car will also be delivered next year, with an estimated price range of more than 140,000 yuan. previous online spy photos showed that the first car will compete with the bmw mini cooper.

nio believes that firefly is very suitable for overseas expansion, and the addition of ledao and firefly will make nio's global expansion plan more proactive.

when it comes to going overseas, nio admits that although european tariffs will raise the cost of exporting chinese cars overseas,nio's overseas expansion direction has not changed, will still focus on the five european countries it has already entered (germany, the netherlands, norway, denmark and sweden).

at the same time, new markets are being developed: the oil stronghold——middle east。

nio said that last year, abu dhabi in the united arab emirates officially invested more than us$3 billion in nio, so nio has also included the uae in its overseas expansion plan and will open stores and deliver vehicles locally.

as for the domestic market, nio believes that the current market size is already large and will not grow too fast, and even a decline is normal.

sooverall, this is a stock market.。

butlooking at the local situation separately, new energy vehicles are still an incremental market。

li bin believes that the share of fuel vehicles will decline at an accelerated rate, giving market share to new energy vehicles.

he judged at the earnings conferencefuel vehicles in china have entered a vicious cycle of price cuts to maintain market share, price cuts have damaged dealers’ profits, brand image, and the residual value of used cars.

this is actually true, fuel vehicles are becoming non-mainstream.

the penetration rate of new energy vehicles exceeded 50% in july. more and more people are unable to figure out what li bin couldn't figure out back then.

li bin also took norway as an example, believing that once the penetration rate of new energy sources exceeds 50%, the growth rate will accelerate. he predicted that within two to three years,new energy penetration rate will exceed 80%。

this may be why nio has set a monthly sales target of 40,000 vehicles for its main brand, which is twice its current sales volume.

once achieved, nio's long-term investment potential in r&d and infrastructure will release unprecedented momentum.

One More Thing

the financial report is impressive, sales are on the rise, and the pressure on manufacturing and delivery also comes with it.

as soon as nio announced the start of the "double shift" system, its recruitment notice was circulated online, and its salary and benefits were exposed.

as we all know, nio's f2 factory is located in hefei, and the monthly salary in hefei is 6,000 to 8,000 yuan, including five insurances and one fund... this level is pretty good, right?

hefei's timely assistance to nio has now translated into high-level employment in the local area.

you have to accept it.