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Recently, at the 2021 China Auto Chongqing Forum, for the media "Will NIO and others be killed on the beach by giants such as Apple and Baidu?" Li Bin said that car building or all entrepreneurship is a marathon, and the automobile industry is a marathon on muddy roads, which has always been compared with itself. Li Bin said, Running marathon and running 100 meters is not the same, Running marathon should think about how to master the rhythm, Do long-term thinking, How to think about this matter thoroughly. NIO has experienced a lot of things from its establishment to now for more than 6 years. NIO must have learned a lot of things now. Compared with 19 years and 20 years, the possibility of sudden death of NIO now is greatly reduced, but starting a business is always like walking on thin ice.

In 2019, NIO fell into huge losses and was in a hurry for funds. Under the influence of negative news such as spontaneous combustion of products, layoffs and slimming, senior management turnover, etc., the share price of NIO Automobile also plummeted. In October 2019, its share price was as low as $1.19 per share, close to the Nasdaq delisting red line of $1. It is understood that in order to relieve the pressure of funds, Wei Lai seeks multiple financing, including Beijing Yizhuang International Investment, Zhejiang Huzhou Wuxing District government and other negotiations financing matters, but all have failed. According to the data, from 2016 to 2019, NIO Automobile lost 2.573 billion yuan, 5.021 billion yuan, 9.638 billion yuan and 11.296 billion yuan respectively, with accumulated losses of 28.5 billion yuan in four years. However, entering 2020, NIO Automobile still presents a depressed state under the influence of the epidemic in the first half of the year, but its funding problem has been alleviated after receiving financial support from Anhui Municipal Government. After the second half of 2020, under the tuyere of the capital market, NIO's share price once soared. According to relevant statistics, NIO's share price has risen tenfold in the past year, with a current market value of US $89.1 billion, surpassing BMW, Mercedes-Benz, SAIC and many other established automobile enterprises.

Li Bin also revealed that before Wei Lai financing is not very smooth, until Hefei in the most difficult time in the snow, Wei Lai from the urgent ward saved back. Hefei not only gave us funds, but more importantly gave us confidence. On April 29, Hefei and NIO jointly planned to start the construction of Xinqiao Intelligent Electric Vehicle Industrial Park, with an initial investment of 50 billion yuan, a planned vehicle production capacity of 1 million vehicles/year and a battery production capacity of 100GWh/year.

When the 100,000 th production car of NIO Automobile was off the assembly line, Li Bin said at the off-line ceremony,"NIO endured a lot of doubts in these years. Three years ago, everyone said that NIO did not have a factory and still wanted to sell cars. The tail hung with four words of Jianghuai Automobile and still wanted to sell 400,000. Is it crazy?" Now that we have launched 100,000 electric cars, we have spent three years proving to everyone that we are not liars!"

It should be noted that NIO Automobile announced the financial report for the first quarter of 2021, showing that the operating income realized during the reporting period was RMB 7.98 billion yuan, with a year-on-year growth of 481.8%; the net loss attributable to ordinary shareholders of the parent company was RMB 4.875 billion yuan, down 182.96% year-on-year. In response to the net loss of 4.875 billion yuan in the first quarter, NIO explained that in the first quarter of 2021, NIO bought back 3.305% of the equity held by some strategic investors in NIO China, and thus recognized an appreciation of 4.4 billion yuan (US $671.6 million) in the redemption value of redeemable non-controlling interests. In his conference call, Li Bin said that the suspension of production at Jianghuai NIO factory for five working days due to chip shortage had a certain negative impact on NIO's production and delivery in April. The main challenge in the second quarter of this year remains the supply chain risk caused by the global chip shortage. Considering the current order growth potential and the volatility of the overall environment, it is expected to deliver 21,000 - 22,000 vehicles in the second quarter of 2021.

According to the latest data released by NIO Automobile, NIO delivered 6711 vehicles in May, up 95% year-on-year and down 5.51% month-on-month, including 1412 ES8 vehicles, 3017 ES6 vehicles and 2282 EC6 vehicles.

With the advent of car-making tuyere, more and more Internet enterprises join the car-making industry, which also brings some pressure to many new energy automobile enterprises that started relatively early. It is undeniable that electrification and intelligence have indeed become the future development direction of the automobile market. As a car-building brand and even a leader in the field of electric vehicles, NIO's future development is indeed full of imagination. However, for the current Wei Lai, what is more important is how not to lose money. Although the sales volume of NIO cars is particularly bright, and the market value of the stock price has risen for a while, as an industry that burns money, NIO has a long way to go to achieve real profits.

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