AutoBeta(AutoBeta.net)07/10 Report--

After the frequent exposure of "negative" news such as losses, layoffs and senior management departures due to a shortage of funds last year, it has been reduced to the need for the founders to cash in on their own funds. However, after entering 2020, it seems that there is no longer a "negative" entanglement, on the contrary, it is positive frequently.

On the morning of July 10, NIO announced that it had received a total of 10.4 billion yuan in comprehensive credit from six banks in China to support the operation and development of its business in China. The signing ceremony of strategic cooperation between Chinese banks and enterprises has been held with six banks, including the Anhui Branch of China Construction Bank, and the news of 10 billion yuan credit has been officially landed.

According to the agreement, the strategic cooperation agreements signed with Wei to China include: Anhui Branch of China Construction Bank, Anhui Branch of Industrial and Commercial Bank of China, Anhui Branch of Bank of China, Anhui Branch of Agricultural Bank of China, Hefei Branch of Industrial Bank and Hefei Branch of China Merchants Bank. NIO China will carry out extensive cooperation with banks in the areas of corporate account system building, supply chain finance, auto finance and other business areas.

According to public data, since 2020, the cumulative financing of Lulai has exceeded 10 billion yuan, including three convertible bonds totaling 435 million US dollars, strategic investment of 7 billion yuan in NIO China and a recent rights issue of about 500 million US dollars. NIO Motor also said that "with the 10.4 billion yuan comprehensive credit from six banks, the construction of NIO China is rapidly entering a substantive stage."

Obviously, from the financing performance of Lulai Motor this year, it is also obvious to get rid of the "lack of money", with a total financing amount of more than 24 billion yuan. At this point, the shares of Xilai US shares rose another 13.12% to close at US $14.57 a few days ago, and rose 3.02% to US $15.01 in after-hours trading. In the past month, Xilai's share price has risen from $5.91 to $14.57, an increase of 146%. Fundamentals have improved significantly.

Coupled with the performance since March this year, NIO has achieved month-on-month growth for four consecutive months. According to the latest sales figures disclosed by Xilai, 3740 units were delivered in June, an increase of 179% over the same period last year and a new monthly high. A total of 14169 units were delivered in the first half of the year, up 87.9% from the same period last year, of which 10331 units were delivered in the second quarter, with tens of thousands delivered in a single quarter for the first time.

At the same time, at the previous first-quarter earnings meeting, Li Bin, CEO of Lulai, was full of confidence about the performance in the second quarter, and said that new orders had returned to the level before the epidemic, and that the delivery volume in the second quarter might reach 9500 to 10000 vehicles, or even reach an all-time high for quarterly delivery.

Delivery volume is rising, but buying more and more losses is still the current state of Ulai. In this regard, Li Bin hopes to solve the problem of gross profit margin and reduce operating losses. Li Bin said in the first half of the year that the gross profit margin of the whole vehicle will exceed 5% in the second quarter of the year, and the overall gross profit will exceed 3%. However, as NIO gets more funds, it can also gradually achieve improvement in all aspects and relieve some pressure.

According to NIO's financial results for the first quarter of 2020 released earlier, the company's total revenue was 1.37 billion yuan, down 15.9% from the same period last year, and the net loss was 1.6918 billion yuan, down 40.9% from the previous month and 35.5% from the same period last year. Although the overall performance is better than market expectations, raising gross profit margin is still one of the core goals of Ulai in 2020.

In addition, he Xiaopeng, chairman of Xiaopeng Automobile, posted a group photo with Li Bin, founder of Xilai Automobile, and Li Xiang, CEO of ideal car, on Weibo a few days ago, with the caption "three bitterness, thinking hard about change." ". In the photo, from left to right, Xiaopeng car he Xiaopeng, Wei Lai Li Bin and ideal car Li Xiang. Obviously, today's NIO has received more than 10.4 billion yuan in credit from six banks, which means that Li Bin is no longer so bitter.

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