AutoBeta(AutoBeta.net)06/04 Report--

On May 28, 2019, NIO signed a framework cooperation agreement with Yizhuang International Investment and Development Co., Ltd. (Yizhuang Guotou). According to the agreement, Yizhuang Guotou and NIO will set up a new entity "NIO China" in Beijing Economic and technological Development Zone and inject specific business and assets into "NIO China". Yizhuang Guotou will contribute RMB 10 billion in cash to "NIO China" through its designated investment company or jointly with other investors, in order to obtain the non-controlling shareholders' interests in "NIO China".

As for the current cooperation between NIO and Yizhuang Guotou and the use of 10 billion, Li Bin, founder and CEO of NIO, responded to an interview with the media yesterday. Heyizhuang State Investment Co., Ltd. was founded to come to China mainly to facilitate domestic fund-raising. At present, NIO has been listed in the United States and has the ability to raise international funds. Through access to domestic financing in order to facilitate the future development and sales network service system construction. As for choosing to be in Beijing, Li Bin said that Beijing's policy welcomes and supports the development of new energy vehicles, and the top two NIO users are in the Beijing area. Referring to the specific use of 10 billion yuan, Li Bin said that Yizhuang's 10 billion yuan is equity financing, which will be mainly used for research and development and user service construction, and will not be used for factory construction.

But compared with the tens of billions of dollars invested at home, the performance of Ulay's overseas share prices is weak. Before the US stock market closed on May 28th, NIO released 2019Q1 results. In the first quarter, NIO's total revenue was 1.63 billion yuan, a decrease of 52.5% compared with the previous quarter, but exceeded market expectations of 1.525 billion yuan. The net loss was 2.6236 billion yuan, a decrease of 25.1% from the previous month. Shares of Lulai fell 2.95% to $2.96 at 16:00 local time on June 3rd.

Sales figures for the first quarter of 2019 were 3989, with a total of 15337. In March, it delivered 562 more vehicles than the previous month, reaching 1373, an increase of 69.3%, but compared with its rival BYD, which is a new energy model, its performance was more passive in the first quarter of this year when it sold 47000.

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