AutoBeta(AutoBeta.net)03/07 Report--

NIO Motor released its latest financial results, which showed that its total revenue in 2018 was 4.9512 billion yuan and its net loss was 9.639 billion yuan. In terms of sales volume, Xilai delivered a total of 11348 ES8 vehicles throughout the year.

At the same time, Xie Dongzhong, chief financial officer of Lulai, forecast revenue and sales in the first quarter of 2019. Delivery of the ES8 in the first quarter of 2019 may be 3500 to 3800 vehicles, a decrease of about 56.1% to 52.4% compared with the fourth quarter of 2018. In terms of revenue, total revenue is expected to be between 1.3909 billion yuan and 1.5157 billion yuan in the first quarter of 2019, a decrease of about 59.5% to 55.9% compared with the fourth quarter.

In addition, Xilai has cancelled the plan to build its own factory in Jiading, Shanghai, signed in 2017, and the products continue to be manufactured by Jianghuai Automobile.

After two days of announcing 2018 revenue and the cancellation of Shanghai Jiading's plan to build a factory, its share price plummeted 21.16% on Feb. 6, while CDIC International Investment also issued an announcement. 4.6704 million American depositary securities held by the company will be sold through the open market at a price of not less than $715 million per share based on market conditions at that time, accounting for about 0.44 per cent of the issued share capital of Xilai Motor. After the completion of the sale, CDI will no longer hold shares in Lulai Motor.

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