AutoBeta(AutoBeta.net)05/15 Report--

On the evening of May 13, Xilai released the supplementary documents for the second listing of the Singapore Stock Exchange and disclosed the latest financial information of the company. As of February 28, 2022, Lai Motor has cash and cash equivalents, restricted cash and short-term investments totaling 52.65 billion yuan. In addition, the available liquidity sources include cash and cash equivalents of $11.8291 billion, short-term investments of $37.7804 billion, and unwithdrawn credit lines of $30.7579 billion, totaling $80.3674 billion.

If nothing happens, NIO will become the first new power company to be listed in the United States, Hong Kong and Singapore. In September 2018, Lai was listed on the New York Stock Exchange in the United States, becoming the first Chinese new power car company to be listed in the United States. In March 2022, NIO was listed on the Hong Kong Stock Exchange of China. However, less than two months later, Lailai announced in an announcement on May 6 that it had obtained a conditional listing qualification letter from the Singapore Stock Exchange for a secondary listing on the main board and planned to formally list on May 20. At this point, NIO has become a rare Chinese-listed company listed in three places.

It has to be admitted that, as a member of the car built by the new forces, the road to Wei is becoming more and more rugged. In the capital market, the share price of NIO has fallen by more than half, and the share price of NIO has been hit hard again when it was listed by SEC (Securities and Exchange Commission) on May 4. As of the last trading day, the stock was trading at $14.31, falling to the level of Aug. 24, 2020, with a total market capitalization of $23.6 billion. According to the annual report, the total revenue of NIO in 2021 was 36.1364 billion yuan, an increase of 122.3% over the same period last year, of which automobile sales were 33.1697 billion yuan, up 118.5% from the same period last year, but it was still in a state of loss, with an annual net loss of 4.0169 billion yuan, down 24.3% from the same period last year. The reason is that R & D investment, customer service, channel laying and other expenses are relatively large.

In addition to the capital market, the ranking of "Wei Xiaoli" no longer exists. The reason for the title of "Wei Xiaoli" is mainly because NIO, Xiaopeng and ideal three new power brands have occupied the top three positions in the delivery volume of new forces for a long time. Data show that in 2020, the ideal delivery volume of Xiaopeng and NIO are 43728, 32624 and 27041 respectively, and in 2021, the ideal delivery volume of Xiaopeng, NIO and ideal are 98155, 91429 and 90491 respectively. Although the sales rankings of the three new power brands have changed in 2021 compared with 2020, Wei Xiaoli has remained in the top three overall.

However, after entering 2022, NIO began to lack stamina. In January and February, Nahu was "the latecomer". It had no choice but to drop out of the top three rankings. in March, Naga not only surpassed Wei again, another second-tier new power brand zero run also ran to the front of NIO. At this point, the former new power boss seems to be difficult to compete with the updated new forces, but handed over the top three seats. Data show that in April, the top five new forces were Zero, Xiaopeng, Nezha, NIO, and ideal, with delivery volumes of 9087, 9002, 8813, 5074, and 4167 respectively. Of course, the above is only for the data basis, after all, the situation encountered by each car company is different.

As to why Singapore chose to list on the Singapore Stock Exchange, information shows that Singapore is one of the most dynamic international financial centres on a par with New York, London and Hong Kong, with total assets under management estimated to exceed S $2.4 trillion. In September 2021, the 30th Global Financial centres Index (GFCI) released that New York ranked first in the GFCI index, London ranked second, and Hong Kong and Singapore ranked third and fourth. At the same time, Singapore is the third largest foreign exchange trading centre in the world, the largest foreign exchange clearing centre in Asia, the second largest offshore RMB clearing centre and an important wealth management centre in Asia, bringing together hundreds of local and multinational financial institutions. Industry insiders believe that after Lai landed on the Singapore Stock Exchange, it has broadened the company's overseas financial financing channels, which is conducive to further attracting international capital, and will also increase its exposure in mature capital markets such as Asia, Europe, and even the Americas.

With reference to the previous listing on the Stock Exchange, NIO said that this will provide investors with more choices of trading locations and more flexible trading hours, which will help to introduce more investors and be beneficial to the long-term development of the company. The company currently has sufficient cash reserves and has no urgent financing needs in the short term.

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