AutoBeta(AutoBeta.net)09/24 Report--

After the news of a loss of 40 billion yuan over the past four years, the company officially announced its results for the second quarter of 2019. According to the report, the revenue of Lulai Motor in the second quarter was 1.508 billion yuan, higher than the market expectation of 1.309 billion yuan. The net loss attributed to shareholders in the second quarter was 3.285 billion yuan, higher than the market expectation of 2.944 billion yuan, compared with a loss of 6.11 billion yuan in the same period last year.

In the first half of 2019, NIO made a cumulative loss of 5.9086 billion yuan, of which the net loss in the first quarter reached 2.6236 billion yuan. Ulai began delivering its first production car, the ES8, in mid-2018, with a net loss of 9.6 billion yuan that year.

According to statistics from foreign media, together with the latest second-quarter results released by NIO, Wei's cumulative loss since its inception in 2014 has reached about 6 billion US dollars, equivalent to 42.6 billion yuan.

NIO launched a layoff plan to cut expenses. Founder Li Bin released an internal letter last month saying that the company would lose 1200 jobs worldwide by the end of September. After the adjustment, the size of the staff will be about 7500, and the company will have nearly 10, 000 employees during peak hours.

Financing pressure. The "crazy money burning" model of Wei Lai has put more and more pressure on its funds, but now with the fade of the boom and policy changes, great changes have taken place in the capital environment, and investors have become extremely cautious about the investment projects of building cars on the Internet. NIO has difficulties in financing.

In early September, Xilai announced that it had reached a subscription agreement for convertible bonds with Li Bin and subsidiaries of Tencent Holdings. Lai Automobile will issue and sell convertible bonds with a total principal of US $200 million to Li Bin and Tencent through private placement.

NIO received 200 million yuan for temporary replenishment of blood, but 200 million yuan is a drop in the bucket for NIO.

NIO delivered 3989 new cars in the first quarter and 3553 in the second quarter. NIO expects to deliver between 4200 and 4400 vehicles in the third quarter.

Nowadays, in the face of financial pressure, operational pressure, delivery pressure and public opinion pressure, how to survive should be an urgent problem to think about today.

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