AutoBeta(AutoBeta.net)10/28 Report--

Wei Lai Automobile announced that Xie Dongying resigned as CFO (Chief Financial Officer) of the company for personal reasons. The personnel change took effect on October 30. The company said it was looking for a new CFO. Li Bin said: "On behalf of the board of directors and management team, I would like to thank Xie Dongying for his contribution to Wei Lai and wish him all the best in his future efforts."

Chief Financial Officer (CFO) Xie Dongying will likely work until the 30th of this month, according to people familiar with the matter. However, this news, Wei Lai car public relations personnel responded that has not received relevant news.

It is understood that Xie Dongying joined NIO Automobile in May 2017 and served as CFO, responsible for financing and listing projects of NIO Automobile, reporting directly to Li Bin, Chairman and CEO of NIO Automobile. He served as President and Chief Financial Officer of New Oriental Education Technology Group. He holds a Bachelor of Science in Engineering from Stanford University, an MBA from Harvard Business School and a Bachelor of Science from the University of California, Berkeley.

There are two financial directors of NIO Automobile, one is Wang Dongning, vice president of finance of NIO Automobile, who is mainly responsible for the financial operation system and cost control of NIO Automobile. Xie Dongying is mainly responsible for the docking and communication between listing and external investors.

Xie Dongying also participated in this year's second-quarter earnings conference call for NIO Automobile. At present, NIO financial report shows that the performance is still in the case of loss, Xie Dongying's departure also has a certain impact on NIO, according to NIO Automobile (NIO) disclosed the second quarter of 2019 financial report, net loss as high as 3.285 billion yuan, worse than the market expected, month-on-month reduction of 54.15%, at present NIO automobile's total loss reached 22 billion yuan.

At the earnings conference at the time, Xie Dongying, chief financial officer of NIO Automobile, said,"Positive progress has been made in financing NIO China projects." Now Xie Dongying's sudden departure means that Wei Lai's financing project Xie Dongying will not participate, and previous negotiations may also be shelved.

On October 25, after the closed-door meeting of the Global Future Travel Conference hosted by the China Electric Vehicle 100 People's Committee, Li Bin, founder and chairman of NIO Automobile, who walked out of the venue alone, said in an exchange with the media that sales in the third quarter were very good and frankly that he had been under great pressure recently.

According to the September insurance data of new car brands, NIO ranked first with 1,972 vehicles, including 1659 ES6 and 313 ES8.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat