On March 25, NIO announced its 2021 financial report data. According to the data, in 2021, Wei's operating income was 36.1364 billion yuan, an increase of 122.3% year-on-year. Among them, the vehicle revenue reached 33.1697 billion yuan, an increase of 118.5% year-on-year. The full-year net loss narrowed to 4,016.9 million yuan, a decrease of 24.3% from the previous year.
Higher deliveries led to higher revenue
2021 is a challenging year for NIO, but it is also a year of abundant receipts. According to the data, WEIlai delivered 91,429 new cars in 2021, an increase of 109.1% year-on-year, doubling for two consecutive years.
Nio's monthly deliveries in 2021 (Source: NIO)
With the steady growth of deliveries, the stabilization of average selling prices and the improvement of manufacturing efficiency, NIO achieved relatively solid financial results for the whole year of 2021, and the vehicle profit margin increased to 20.1% (12.7% in 2020).
In addition, 2021 is also a year of deep precipitation for Weilai Automobile. NIO has successively released the smart electric flagship sedan ET7 and the medium-sized intelligent electric coupe ET5; provided 6 FOTA upgrades for ES8, ES6 and EC6 users; built 778 substations worldwide, with a total of 4,582 new supercharging piles and destination charging piles; released the second-hand car business; newly built NIO House with 72 service centers; NIO Life released 594 new products; global market, NIO released the Norwegian strategy. Officially entered the Norwegian market in a system-wide manner.
"2021 was a year of decisive investment in products and technologies as well as power and service infrastructure, as well as a year of operational upgrading in terms of rapid iteration, supply chain responsiveness and innovation, capacity expansion and system quality management, which is well prepared for the next phase of our development." Li Bin, founder, chairman and CEO of NIO, said.
In 2022, we will accelerate again and strengthen the overseas force of new products
After multiple accumulations in 2021, Li Bin said that 2022 will be a year for Weilai Automobile to re-accelerate. This year, NIO will launch three new products based on NIO Technology Platform 2.0. Among them, ET7 will start delivery on March 28, and ET5 is expected to start delivery in September 2022. In addition, Li Bin pointed out that NIO will also plan to provide products and services in more countries and regions in 2022.
NIO ET7 (Image source: NIO)
According to the data, NIO delivered 9,652 vehicles in January and 6,131 units in February, up 33.6% and 9.9% year-on-year, respectively. NIO expects deliveries in the first quarter to be between 25,000 and 26,000 units, up about 24.6 percent to 29.6 percent from the same period in 2021.