AutoBeta(AutoBeta.net)05/28 Report--

After listing, NIO announced its first financial report, with a total income of 4.9 billion yuan and a net loss of 9.6 billion yuan in 2018. An unqualified financial report affected the operation and evaluation of NIO. On May 28, NIO officially released its first-quarter results.

According to the financial report, the revenue of Lailai in the first quarter was 1.6312 billion yuan, down 52.5% from the previous quarter; the net loss reached 2.6236 billion yuan, down 25.1% from the previous month, and an increase of 71.4% over the same period last year. A total of 3989 new cars were delivered in the first quarter, with realized sales of 1.5352 billion yuan, down 54.6 percent from the previous quarter.

Also today, NIO announced the mass production line of ES6 in Jianghuai NIO factory and delivered it to users in June. It is reported that the ET7, the sedan unveiled at the Shanghai auto show, has been shelved, the third NIO model will be a derivative model based on the existing platform, and the ET7 will be the product of the second generation platform.

And the second generation platform of Ulai will be settled in Yizhuang, Beijing. According to the financial report, NIO signed a framework agreement with Beijing Yizhuang International Investment and Development Co., Ltd., which will set up a new entity "NIO China" in the Beijing Economic and technological Development Zone, with Yizhuang State Investment contributing 10 billion yuan. Yizhuang State Investment will assist "NIO China" to build or introduce a third party to build an advanced manufacturing base in China to produce the company's second-generation platform models.

NIO expects second-quarter revenue of 1.13 billion-1.29 billion yuan, with market estimates of 1.91 billion. Car delivery is expected to be between 2800 and 3200 in the second quarter.

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