nio china received a 3.3 billion yuan capital increase from state-owned shareholders. li bin issued a message to thank anhui and hefei for their support.
2024-09-29
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nio was once again blessed by anhui.
on september 29, nio announced that it would cooperate with three existing shareholders of nio holdings co., ltd. (hereinafter referred to as "nio china") - hefei jianheng new energy automobile investment fund partnership (limited partnership), anhui high-tech industrial investment co., ltd. and sdic investment management co., ltd. (hereinafter collectively referred to as "strategic investors") signed a strategic investment agreement. according to the agreement, strategic investors will invest 3.3 billion yuan in cash to subscribe for newly issued shares of nio china, and nio will also invest 10 billion yuan in cash to subscribe for newly issued shares of nio china.
public information shows that nio china is nio’s holding subsidiary and nio’s legal entity in china. the official website disclosed that before the transaction, nio held 92.1% of nio china's shares; after the transaction is completed, nio's shares will become 88.3%, and strategic investors and other existing shareholders will jointly hold the remaining shares of nio china. 11.7% equity.
strategic investors are all from state-owned assets background. tianyancha shows that the controlling shareholder of hefei jianheng new energy automobile investment fund partnership (limited partnership) is hefei construction investment holding (group) co., ltd., a subsidiary of the hefei state-owned assets supervision and administration commission; anhui high-tech industrial investment co., ltd. is an anhui province a wholly-owned subsidiary of the state-owned assets supervision and administration commission; sdic investment management co., ltd. is affiliated to the state development and investment group. public information shows that the state development and investment group is an important state-owned enterprise directly managed by the central government.
after the news was released, li bin, the founder, chairman and ceo of nio, specially issued a message to thank hefei and anhui for their trust and support in nio. he wrote: "as the motherland is about to celebrate its 75th anniversary, nio china has once again received the support of shareholders to increase capital. four years ago, anhui and hefei rescued nio from the intensive care unit. with everyone's care, nio sales have increased fivefold in four years and continue to lead the high-end smart electric vehicle market. the first model of the second brand ledo has been successfully launched, attracting great attention from the market. nio has grown from a small seedling into a small tree that can withstand some wind and rain. when small trees grow into big trees and forests, hefei and anhui continue to water and cultivate them. this is not only their trust in nio, but also their firm support for the innovation of hefei and anhui's smart electric vehicle industry. it also shows their support for china's smart electric vehicle industry. firm confidence in the high-quality development of the automotive industry.”
on the same day, li bin gave a speech at the global intelligent vehicle industry conference (2024giv) and introduced that as of the end of august this year, the nio brand had delivered nearly 580,000 vehicles, and more than 20,000 vehicles had been delivered for four consecutive months starting in may. this year from january to august, the high-end pure electric market share of more than 300,000 yuan exceeded 60%. a few days ago, nio has just released the l60, the first model of its new brand ledo aimed at the mainstream mass market, directly targeting the tesla model y. li bin said that the car market has received enthusiastic feedback and orders have far exceeded expectations. the main task now is to improve production capacity and delivery capabilities.
nio has always been regarded by the industry as the new car-making force that can best raise money and spend the most.
li bin said in his speech, “everyone says that we spend too much money, but where do we spend it? mainly on technology research and development. last year, we invested 13.4 billion yuan in r&d, and now we invest 3 billion to 4 billion yuan in r&d every quarter. the intensity of such r&d investment is very high. in addition, our depth is also very deep. nio is the first in the industry to define the full stack of smart electric vehicles, including underlying manufacturing, smart hardware, high voltage, electric drive, and battery systems. nio has more than 11,000 colleagues investing 10 billion yuan in r&d every year, covering 12 full stacks including smart driving, smart cockpit, smart energy, and panoramic interconnection.
regarding ai (artificial intelligence) cars, li bin said, “it can be said with great certainty that the automotive industry will once again become the commanding heights of technological innovation. the best application scenarios, best products, and best application industries for artificial intelligence are in smart electric vehicles. automobile industry. on the other hand, a successful smart electric car company must have ai r&d capabilities and operational capabilities, and a successful smart electric car company must also be a successful ai company.”
nio’s recently released financial report for the second quarter of 2024 shows that nio achieved revenue of 17.45 billion yuan in the second quarter, a year-on-year increase of 98.9%, and a month-on-month increase of 76.1%; a net loss of 5.046 billion yuan, a year-on-year decrease of 16.7%, and a month-on-month decrease. 2.7%.
nio's vehicle gross profit margin also rose back to double digits again. the gross profit margin in the second quarter was 9.7%, an increase of 8.7 percentage points year-on-year and 4.8 percentage points month-on-month. the gross profit margin of the vehicle was 12.2%, an increase of 6 percentage points year-on-year and 3 percentage points month-on-month.
the paper reporter wu yuli
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