AutoBeta(AutoBeta.net)04/23 Report--

According to boiling point news and other media reports, NIO automobile employees revealed that the business volume has increased in the last half year, and overtime work has become more frequent in the last half year. According to the overtime documents provided by the parties concerned, the accumulated overtime hours in recent half a year are nearly 500 hours. During the overtime period, there have been three emergency cases. Each time, they will go to the emergency department only when they vomit and diarrhea and can't drink water. Now they find 21 abnormalities in their whole body during physical examination.

It is reported that Ms. Chen joined Shanghai NIO Automobile Sales Co., Ltd. in May 2020, responsible for product operation, usually need to dock a lot of projects,"every day may be from 8:00 a.m. to 2:00 p.m., after sleeping up, the next day is like this."

According to a recording of communication with HR provided by Ms. Chen, HR said the company does not encourage overtime, but may require some extra effort for users. After negotiation HR proposed that if Ms. Chen leaves, she agrees to give a total of 120,000 yuan in compensation, but Ms. Chen cannot speak again afterwards. For this condition, Ms. Chen made it clear that she would not agree.

At present, the incident has aroused widespread attention and discussion on the Internet, but so far, Wei Lai has not given a formal response.

Some netizens said,"If this is to focus on the body,""Isn't this overdraft life?","Health is the capital of revolution", and some netizens said,"Many units will not work overtime?" There will always be such things, there is no way, right?"," It's not that you don't want to work overtime, you don't have to work overtime. It's not easy to keep your job now "," Overtime is understandable, but don't add too much exaggeration "...

Ten days ago, Wei Lai Chairman Li Bin joked that if the next monthly sales volume is still 10,000 vehicles, he will have to go out with Qin Lihong to find a job! According to the data, 31041 vehicles were delivered accumulatively in the first quarter of 2023, although the year-on-year growth was 20.46%, but its monthly sales level was basically the same as that in 2022.

Previously, Li Bin clearly stated that "the annual sales target doubled year-on-year", so it is expected that the sales target for 2023 should be about 250,000 vehicles. In addition, Li Bin said,"We hope to achieve full-year profitability in 2024, and the fourth quarter of 2023 will be the quarterly break-even target."

But reality is not as good as imagined. On April 19, Ideal Automobile released the latest weekly data (4.10~4.16) of "New Force Brand Sales", among which Ideal Automobile ranked first with 6,300 vehicles, while NIO Automobile ranked second from bottom among the top ten brands. In addition, according to the sales volume in the first week of April 2023 (4.03-4.09), the ideal car sold a total of 4177 units, while the NIO car sold 1316 units. That is to say, in the first two weeks of April, NIO sold 2016 vehicles accumulatively. It is estimated that the sales volume of NIO in April is difficult to reach the level of 10,000 vehicles, while the ideal car has exceeded ten thousand, and it is expected to continue to maintain the level of 20,000 vehicles per month.

To take a step back, even if the sales volume in April before Wei Lai can reach more than 40,000 vehicles, the average monthly sales volume in the remaining 8 months needs to reach more than 26,000 vehicles to achieve Li Bin's goal, and according to the current trend of Wei Lai, it is obviously very difficult.

Over the years, Wei Lai has survived the life-and-death difficulties, in exchange for only a more difficult game ticket, and with the maturity of the new energy industry, the market may not have much time left for enterprises. The latest share price shows that NIO has a market capitalisation of $13.52 billion, Xiaopeng $7.981 billion and an ideal of $23.90 billion. Among the three new power enterprises of Wei Xiaoli, the sales volume of ideal car has been ahead of NIO and Xiaopeng, and the current market value has been the sum of NIO and Xiaopeng.

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