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NIO Inc. is a pioneering company at the forefront of the premium smart electric vehicle market. Founded in November 2014, NIO is dedicated to crafting a joyful lifestyle by offering smart, electric and autonomous vehicles that enhance daily life. The company designs, develops, manufactures, and sells premium electric vehicles, pushing the envelope with continuous advancements in technology.
NIO differentiates itself through innovative features like battery swapping and autonomous driving technologies. Its product lineup includes midsize to large sedans and SUVs, with the ES8, a seven-seater electric SUV, being the first model launched in December 2017. Deliveries began in June 2018, and since then, the company has sold over 160,000 electric vehicles as of 2023, capturing roughly 2% of China's new energy vehicle market.
NIO's mission extends beyond making premium electric vehicles; it aims to create a seamless experience that integrates home, work, and travel. The company envisions autonomous cars as future living spaces, prioritizing safety and user experience.
NIO has made significant strides in enhancing its offerings with technologies such as Battery as a Service (BaaS) and subscription-based services. The recently unveiled ONVO brand focuses on enriching family life through smarter vehicle solutions. NIO continues to invest in cutting-edge technologies, aiming to be a leader in next-generation automotive experiences.
As of 2024, NIO has announced its annual report on Form 20-F, detailing its financial performance and audited statements for the fiscal year ending December 31, 2023, which are accessible on the company’s investor relations website.
NIO Inc. reported First Quarter 2022 revenues of RMB9,910.6 million (US$1,563.4 million), a 24.2% increase year-over-year. Vehicle deliveries reached 25,768, growing 28.5% from Q1 2021. However, gross profit fell 6.9% to RMB1,446.8 million (US$228.2 million), and gross margin decreased to 14.6%. Loss from operations surged 639.7% to RMB2,188.7 million (US$345.3 million). The firm expects vehicle deliveries between 23,000 and 25,000 in Q2 2022, indicating a 5.0% to 14.2% increase compared to the same period last year.
NIO delivered 7,024 vehicles in May 2022, including 5,317 premium smart electric SUVs and 1,707 ET7s, accumulating a total of 37,866 vehicles year-to-date, representing an 11.8% increase year-over-year. Cumulative deliveries reached 204,936 as of May 31, 2022. NIO's production recovery is underway post-COVID-19, aiming to enhance production capacity and accelerate deliveries. As of May, NIO users' cumulative mileage surpassed 5 billion kilometers, showcasing the popularity of its advanced driving assistance technologies.
NIO Inc. will report its first quarter 2022 unaudited financial results on June 9, 2022, before U.S. markets open. An earnings conference call will follow at 8:00 AM ET, with a live webcast available on the investor relations website. Participants can register for dial-in access, with a replay accessible by phone until June 16, 2022. NIO, a leader in the premium smart electric vehicle market, continues to innovate with advanced technologies including battery swapping and autonomous driving, supporting its mission to enhance user experiences.
NIO Inc. has announced its inclusion in the Hang Seng TECH Index and the Hang Seng Composite Index, effective June 13, 2022. This development highlights NIO's position as a leading player in the premium smart electric vehicle market and its strong growth potential in technology sectors. The Hang Seng TECH Index includes the 30 largest technology companies in Hong Kong, indicating significant recognition for NIO's business exposure to technology.
NIO has successfully listed its Class A ordinary shares on the Main Board of the Singapore Exchange, marking a significant milestone for the company. The shares, traded under the stock code 'NIO', are fully fungible with American depositary shares on the NYSE. Chairman William Bin Li emphasized the listing enhances NIO's global capital market presence. NIO also plans to establish a research center in Singapore focused on AI and autonomous driving, collaborating with local institutions to expand its R&D capabilities.
NIO Inc. has announced that its Class A ordinary shares will begin trading on the Singapore Exchange (SGX-ST) on May 20, 2022, pending necessary approvals. This follows the receipt of an eligibility-to-list letter from SGX-ST on May 5, 2022. Credit Suisse and Goldman Sachs are acting as joint issue managers for the secondary listing. NIO aims to strengthen its global presence in the premium smart electric vehicle market through this initiative.
NIO Inc., a leading player in the premium smart electric vehicle market, has announced a proposed secondary listing of its Class A ordinary shares on the Main Board of the Singapore Exchange. This move follows the receipt of a conditional eligibility-to-list letter from the SGX-ST on May 5, 2022. The company's American depositary shares will continue trading on the New York Stock Exchange. The shares listed in Singapore will be fully fungible with the ADSs traded in the U.S. An introductory document for the listing is expected to be issued later this month.
NIO Inc. (NYSE: NIO) has been provisionally identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) as of May 4, 2022. This identification stems from its reliance on an auditor whose working papers are not fully inspectable by the PCAOB for the fiscal year ending December 31, 2021. If unresolved, this could lead to its shares being banned from trading in the U.S. NIO is exploring solutions and has recently completed a secondary listing on the Hong Kong Stock Exchange to safeguard stakeholder interests.
NIO delivered 5,074 vehicles in April 2022, comprising 4,381 premium SUVs and 693 ET7 sedans, totaling 30,842 vehicles year-to-date, reflecting a 13.5% year-over-year increase.
Cumulative deliveries reached 197,912 as of April 30, 2022. However, production has faced challenges due to supply chain issues and COVID-19 outbreaks in certain regions of China, although recovery is underway. Additionally, the company anticipates the ET5 deliveries to commence in September 2022.
NIO Inc. has filed its annual report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC on April 29, 2022. The report is accessible on the company's investor relations website. Shareholders can request a hard copy of the audited financial statements free of charge by contacting the Investor Relations Department. Founded in 2014, NIO specializes in premium smart electric vehicles and is known for its innovative technologies, including battery swapping and autonomous driving.
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