On March 10, WEIO landed on the Hong Kong Stock Exchange, opening high on the first day of listing, and as of press time, the stock rose 3.13% to HK$165. Its American Depositary Shares closed at $20.17 overnight.
On February 28, NIO said it had passed the Hearing of the Hong Kong Stock Exchange and obtained the approval in principle for a secondary listing on the main board of the Hong Kong Stock Exchange. The listing adopts the method of introducing the listing and does not involve the issuance of new shares and the raising of funds.
It is understood that the introduction of listing is a way for issued securities to apply for listing, and there is no need to issue new shares or sell the shares held by existing shareholders at the time of listing, and does not involve financing. Earlier, Haier Zhijia, C&D Property and other enterprises also adopted the method of introducing listings to land on Hong Kong stocks.
According to public information, as of September 30, 2021, NIO's cash reserves totaled about 47 billion yuan. In November of the same year, NIO completed an additional offering of approximately 12.7 billion yuan of U.S. stock AT-Market Offerings, and through its market offering, NIO sold 53292401 ADS and raised $2 billion in financing. Nio Automobile said that the abundant cash flow of nearly 60 billion yuan provides a strong financial guarantee for the subsequent development of new models by NIO.
By the end of 2021, the number of EMPLOYEES exceeded 15,000, including 4,809 R&D personnel, and the total number of employees increased by 95.9% compared with 2020. In terms of research and development, NIO's R&D expenditure in the third quarter was 1.19 billion yuan, an increase of 35.0% from the previous quarter. In the first three quarters of 2021, the cumulative investment in research and development expenses exceeded 2.7 billion, and it is expected to invest 5 billion yuan in research and development throughout the year. In 2021, China's market share of high-end electric vehicles of more than 300,000 yuan will reach 40.8%; globally, in the first 11 months of 2021, the global high-end electric vehicles (MSRP more than 50,000 US dollars) sales ranking, Weilai ranked in the top two.
According to NIO's latest delivery data, the company delivered a total of 6,131 smart electric vehicles in February, an increase of 9.9% year-on-year. Up to now, NIO has delivered a total of 183,000 smart electric vehicles to users, of which 91,000 units will be delivered annually by NIO in 2021.