nio china received a new round of capital increase of 3.3 billion yuan from strategic investors
2024-09-30
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news from red star capital bureau on september 29. on september 29, nio (09866.hk/nio.us) announced that it has entered into a partnership with hefei jianheng new energy automobile investment fund, the three existing shareholders of nio holdings co., ltd. (hereinafter referred to as "nio china"). (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.
tianyancha app shows that weilai holdings co., ltd. was established in 2017 with a registered capital of 6.429 billion yuan. in april 2020, the company completed strategic financing of 7 billion yuan; in september of the same year, anhui investment group conducted equity financing for it, and the investment amount was not disclosed.
according to nio’s official weibo, in april 2020, nio signed an agreement to invest in nio with strategic investors such as hefei construction investment holding (group) co., ltd., sdic investment management co., ltd., and anhui high-tech industrial investment co., ltd. china’s final agreement and reached an agreement with the hefei economic and technological development zone for the entry of nio’s china headquarters.
according to the investment agreement, the strategic investor will invest 7 billion yuan in nio china. nio will inject into nio holdings co., ltd., the legal entity of nio china, core businesses and related assets in china including vehicle research and development, supply chain and manufacturing, sales and services, and energy services. in addition, nio will invest 4.26 billion yuan in nio china. after the transaction is completed, nio holds 75.9% of the controlling shares of nio china, and strategic investors hold a total of 24.1% of the shares.
nio’s recent operations have continued to improve. the financial report shows that nio’s revenue in the second quarter was 17.45 billion yuan, a year-on-year increase of 98.9%, a month-on-month increase of 76.1%; sales volume was 57,000 units, a year-on-year increase of 143.9%, a month-on-month increase of 90.9%, and both revenue and sales hit a record high; the gross profit margin of vehicles was 12.2%, an increase of 6 percentage points year-on-year and 3 percentage points month-on-month; the net loss was 5.046 billion yuan, narrowed by 16.7% year-on-year and 2.7% month-on-month.
as of june 30, the company's cash and cash equivalents, restricted cash, short-term investments and long-term time deposit balances were 41.6 billion yuan.
nio's delivery and revenue guidance for the third quarter both hit record highs, with expected delivery volume of 61,000 to 63,000 units and revenue of 19.11 billion to 19.67 billion yuan. nio delivered 20,500 and 20,200 vehicles in july and august respectively.
on september 19, the first model of nio’s second brand ledo, the l60, was launched, and nationwide delivery began on september 28. nio revealed that orders for the ledo l60 after its launch exceeded expectations. it is reported that ledo l60 is produced at the nio f2 factory in xinqiao, hefei. the company is making every effort to increase its production capacity. it is expected to produce 5,000 units in october, 10,000 units in december, 16,000 units in january next year, and 20,000 units in march next year.
red star news reporter wu danruo
editor xiao shiqing
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