AutoBeta(AutoBeta.net)06/07 Report--

According to media reports, there have been a number of industrial and commercial changes in NIO (Anhui) Holdings Co., Ltd. the legal representative of the company has been changed to Li Bin, founder of NIO Automobile, and became chairman, and the company's registered capital has risen to 5.07477 billion yuan.

Earlier, NIO China headquarters officially settled in Hefei, Anhui Province. On April 29, NIO signed the final agreement of "NIO China" with strategic investors such as Hefei Construction Investment Holdings (Group) Co., Ltd., China Investment Investment Management Co., Ltd., and Anhui High-tech Industry Investment Co., Ltd.

According to the investment agreement, strategic investors will invest 7 billion yuan in NIO China, while NIO will invest 4.26 billion yuan in NIO China.

At the same time, NIO will inject China-wide core businesses and related assets, including vehicle research and development, supply chain and manufacturing, sales and services, and energy services, into NIO (Anhui) Holdings Co., Ltd., the legal body of NIO in China. The above business and assets are valued at 17.77 billion yuan based on 85% of the average market capitalization of NIO in the 30 public trading days before April 21, 2020.

As a result, after the completion of the deal, NIO will hold 75.9 per cent of the controlling shares in NIO China, while strategic investors will hold a total of 24.1 per cent.

NIO China headquarters is located in Hefei Economic and technological Development Zone. According to the agreement, NIO will set up a Chinese headquarters in Hefei Economic and technological Development Zone, establish an integrated base for headquarters management, research and development, sales and service, and supply chain manufacturing, and start the planning and construction of the second manufacturing base in due course. Hefei will also support the establishment of NIO China headquarters and the construction of follow-up R & D and manufacturing bases.

Continue to lose money, delivery volume is rising, this is the current state. In 2019, NIO realized revenue of 7.825 billion yuan, an increase of 58.05 percent over the same period last year; a net loss of 11.413 billion yuan in 2019, narrowing year on year, and a loss of 23.328 billion yuan in 2018.

In May, the delivery volume of NIO reached 3436, an increase of 215.5% over the same period last year, and a total of 10429 new cars were delivered in the first five months.

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