AutoBeta(AutoBeta.net)02/15 Report--

Xilai announced that it has completed another $100m convertible bond financing project, with a total financing of $200m (about 1.4 billion yuan) this year.

According to the announcement, Ulai has signed convertible bond subscription agreements with two Asian investment funds that are not related to it, and will issue and sell convertible bonds with a total principal of US $100 million to buyers in the form of a non-public offering. At the same time, the bond issue has an interest rate of zero and will mature on February 4, 2021.

Not long ago, NIO also announced a financing of US $100 million, which was also invested by unrelated Asian investment funds. As a result, the total financing of all non-public offerings of convertible bonds from 2020 to now has reached 200 million US dollars.

For the shortage of funds, financing will be able to maintain the normal operation of the company. The financial report shows that the revenue in the second quarter of 2019 was 1.508 billion yuan and the net loss attributed to shareholders was 3.285 billion yuan, while the revenue in the third quarter was 1.837 billion yuan and the net loss was 2.451 billion yuan. There is still a long way to go to make a profit.

"other financing projects are still in progress and positive progress has been made," NIO said. At the present stage, Xilai is mainly focused on financing projects that can bring strategic value to business development and efficiency improvement in China. "

In addition, Xilai released sales figures on February 10th and delivered a total of 1598 new cars in January, down 11.5 per cent from a year earlier. Of these, 1493 were delivered by ES6 and 105 by ES8.

NIO said that the decrease in delivery volume compared with the same period last year was mainly due to the reduction in working days caused by the Spring Festival holiday in 2020, as well as factors such as the novel coronavirus epidemic and the extension of holidays, which also affected sales performance. The company also expects manufacturing and delivery to decrease in February as a result of extended holidays as a result of the epidemic.

Under the influence of various factors, NIO decided to postpone the payment of employees' wages in January and launched a voluntary plan to exchange 13 salaries for shares.

Xilai Automobile replied to the media that the notice was issued on February 7, because the previous payday was on the 8th, and the delayed release date 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.

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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