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NIO delayed the payment of wages due to the epidemic and launched a voluntary plan to exchange employees' salaries into stocks.

2024-09-08 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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AutoBeta(AutoBeta.net)02/13 Report--

It is widely rumored on the Internet that Xilai Motor has decided to postpone the payment of employees' wages in January and launched a voluntary plan to exchange 13 salaries for shares. For the continued huge losses, financing projects blocked Wei Lai, undoubtedly added to the topic.

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Taking into account factors such as the delay in resuming work, NIO decided to postpone the payment of wages in January to February 14, according to documents posted online. With regard to the thirteen salary, the thirteen salary for 2019 will be paid together with the company in February, while Xilai will launch a voluntary plan for employees to exchange their thirteen salary into restricted stock. The company will give a 1.1 coefficient premium on the basis of everyone's thirteen salary.

In response to the exposure, Xilai replied to the media that the notice was issued on February 7, because the previous payday was on the 8th, and the delay was due to the delay in the resumption of work due to the epidemic, which brought about a change in the pace of business management. At the same time, the thirteen salary rules have been changed, which is a flexible salary plan, in which employees can choose to take the salary or the stock of the company within the corresponding amount.

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Not long ago, Xilai announced the completion of a $100 million convertible bond financing project, replenishing the company's cash flow. NIO said the buyers were two Asian investment funds, with amounts of $70 million and about $30 million, respectively, both of which were unrelated parties.

According to the NIO financial report, revenue in the second quarter of 2019 was 1.508 billion yuan, with a net loss of 3.285 billion yuan belonging to shareholders, while revenue in the third quarter was 1.837 billion yuan and a net loss of 2.451 billion yuan. Since its establishment, NIO has lost more than 20 billion yuan.

NIO also revealed that the company is currently carrying out several other financing projects, including some departments that can operate independently, the matter of independent financing is being promoted, and the results at this stage are uncertain.

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The latest data show that Lailai delivered a total of 1598 new cars in January, down 11.5% from a year earlier, including 1493 delivered by ES6 and only 105 by ES8. The reason for the decrease in delivery volume compared with the same period last year, NIO said that the reduction of working days caused by the Spring Festival holiday in 2020 was the main reason, in addition, the novel coronavirus epidemic and the extension of holidays and other factors also affected sales performance.

Recently, Li Bin, founder and CEO of NIO, sent a start letter to employees, encouraging them to enter the working state as soon as possible from their mentality and actions, and don't be lazy. At the same time, in view of the impact of the pneumonia epidemic infected by novel coronavirus, NIO also issued corresponding measures.

'unlike other mature companies, we are still a start-up company that strives for survival, and the epidemic has made our work more difficult,'Li Bin said in the letter. Please realize that if we are to survive, we need every colleague to go all out. " Finally, Li Bin added that the real combat effectiveness of a company depends on its ability to overcome extreme difficulties. Last year, we withstood many tests and achieved good growth, and we will certainly be able to survive this epidemic and further upgrade our capabilities.

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