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After a restless year in 2019, Lailai encountered another trouble when it entered 2020, which continued to deal a blow to the company, which did not have sufficient funds. Recently, according to the ruling of Shanghai Jiading District Court, Shanghai Ulai Automobile Co., Ltd. should pay 1.1 million yuan in intermediary service fee to Savills property, as well as late payment interest.

The reason for the incident was that Savills recommended Xingye Taiguhui shops to NIO Motor, but the latter thought that Savills only introduced the project to it and recommended the lessor, and did not participate in the negotiation of specific lease conditions. also did not assist both parties to sign the lease contract, etc., so did not pay commission. First peace Davis immediately sued Wei Lai. Savills is a global real estate service provider listed on the London Stock Exchange.

Shanghai Jiading District Court ruled that Shanghai Ulai Automobile Co., Ltd. should pay an intermediary service fee of RMB 1.1 million to Savills property, as well as overdue payment interest from May 1, 2017 to the date of actual payment.

In response to the news, NIO said it fully respected the court's decision in accordance with the law. The legal team of NIO has been following up on the follow-up matters, and the follow-up progress of the incident shall be subject to the court announcement.

Although it continues to lose money and is in financial difficulties, by 2020, NIO has received a number of financing. On March 6th, NIO announced that it would complete another $235 million convertible bond financing project. This is the third convertible bond financing announced by Ulai in the last month. This time, the investors are several Asian investment funds, and they are all "non-related parties", that is, simple financial investors. Up to now, it has been announced that a total of 435 million US dollars of convertible bond financing has been completed in 2020.

In addition, NIO formally reached a cooperation with Hefei on February 25. According to the agreement signed by the two sides, Lai Automobile will set up its China headquarters in Hefei, establish a research and development, sales and production base, and build a Chinese headquarters operation system centered on Hefei. The project plans to raise 14.5 billion yuan for the company's research and development, market system establishment and operation; at the same time, the headquarters and R & D base (1 billion yuan) and the second production base (1.5 billion yuan) are planned and built. On the same day, NIO also launched a mass production project of EC6 in the Jianghuai NIO factory.

In terms of sales figures, Lailai delivered 20565 vehicles in 2019, ranking first in creating new forces. In 2020, 1598 new cars were delivered in January, down 11.5% from the same period last year; 707 were delivered in February affected by the epidemic. As of February 29, 2020, the cumulative delivery volume of ES8 and ES6 has reached 34218 vehicles.

According to the company, as of February 29, 2020, it has opened 83 stores across the country, including 22 centers and 61 spaces, with a sales network covering 59 cities.

However, it is still difficult for NIO to escape the quagmire of persistent losses. NIO lost 8.36 billion yuan in the first three quarters of 2019, and NIO announced that it will release its fourth-quarter and full-year 2019 results before the opening of the US stock market on March 18.

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