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With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

The new energy vehicle track has long been full of bones, and there are countless car companies that have fallen. In the eyes of some, NIO has the potential to be one of them.

NIO, which has suffered a huge loss of 81 billion yuan in less than six years, has recently fallen into a storm of bankruptcy for the second time. We can't help but ask the old question, does NIO still have a future?

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

1. NIO was closed down for the second time?

Li Bin, known as the "Godfather of Travel", has had a bumpy road to building cars, and the fate of NIO, which he founded single-handedly, has been difficult.

In 2019, NIO encountered a life-and-death crisis, and the capital chain was very tight, and it was rumored that it was only one step away from bankruptcy and bankruptcy, and Li Bin was also named "the worst person in 2019" by the media.

Fortunately, the local government of Hefei, Anhui Province has reached out and taken out tens of billions of life-saving funds, and has also supported NIO in policies, land and other aspects. As a result, NIO not only reborn as a salted fish, but also soared into the sky.

But now four years later, NIO is once again in the midst of bankruptcy and bankruptcy.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

Early last month, NIO announced a 10% layoff, raising concerns about its operating conditions.

Soon after, rumors spread on social platforms that "NIO will expand layoffs by 20%-30%" and "NIO will go out of business". Suddenly, NIO was pushed to the forefront.

Qin Lihong, president of Weilai, also had to stand up in person and respond: "Weilai will not go out of business, and there is absolutely no possibility of bankruptcy." Please feel free to experience and purchase NIO's cars. ”

But such a response seems to be difficult to dispel the doubts of the outside world, because NIO is indeed under pressure.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

2. A huge loss of 80 billion yuan in six years?

NIO, which has been mired in bankruptcy for the second time, released its third-quarter earnings report earlier this month.

Although the financial report showed many positives, with revenue and delivery reaching the "best in history", its net loss was still as high as 4.56 billion yuan, an increase of 10.8% year-on-year.

In the first three quarters of this year, NIO's total net loss reached 15.56 billion yuan, exceeding the net loss of 14.56 billion yuan for the whole of last year. Increasing revenue without increasing profits seems to be a huge obstacle that NIO cannot overcome.

In the first three quarters of this year, NIO delivered a total of 109993 new vehicles. If calculated according to the net loss of 15.56 billion yuan in the same period, NIO will lose about 141,000 yuan for every car sold.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

As a high-end luxury brand, the price of NIO vehicles is very high, even exceeding A, but each car still loses so much, mainly because NIO is too good at burning money.

According to the data, in the five years from 2018 to 2022, NIO's losses were 23.328 billion yuan, 11.413 billion yuan, 5.611 billion yuan, 10.572 billion yuan and 14.559 billion yuan respectively.

If you add the loss of 15.56 billion yuan in the first three quarters of this year, then in less than six years, NIO's loss is as high as about 81 billion yuan.

In less than six years, more than 80 billion yuan was burned, and as a result, it was "bankrupt" twice, and there was no one except Weilai.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

3. What is the future of NIO?

The volume of deliveries is the life-and-death line of the new forces, and without the volume of deliveries, then there will be nothing.

Before 2022, NIO's delivery growth rate has been in a state of high growth. Even though 91,400 units were delivered in 2021 and the target of 100,000 units was not achieved, the delivery growth rate remained at a high level of 109%.

However, in 2022, NIO ushered in an inflection point, delivering 122,500 vehicles for the whole year, and the delivery growth rate plummeted to 34%, underperforming the market for the first time. Although there has been a rebound this year, the growth rate of delivery is still hovering at a low level of about 40%.

Judging from the growth rate of deliveries, NIO seems to have lost its former sharpness.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

In Li Bin's planning, NIO is already working on two people-friendly sub-brands, Alps and Firefly.

Their listing may bring new changes to NIO's delivery volume. But it is still unknown whether they can explode in the fierce competition.

Of course, NIO also has two good news: First, NIO has acquired some of the auto assets of JAC Motors, and finally obtained independent production qualifications, so there is no need to find JAC OEM in the future, and the words "JAC" on the rear of the car will also disappear.

Second, NIO has successfully joined hands with Changan Automobile, the national team, and Geely, a veteran independent giant, to jointly cooperate in the battery swap business, which is expected to gradually get rid of the biggest loss burden.

With a huge loss of 81 billion yuan in less than six years, NIO was caught in a storm of bankruptcy for the second time

As of September 30 this year, NIO had 45.2 billion yuan in cash reserves.

This gave Li Bin the confidence to be optimistic: "What's the matter, isn't there still tens of billions on the account?" But in fact, Li Bin should not be so optimistic. Even if you are optimistic, you must be prepared for danger in times of peace.

According to the rate of burning about 5 billion yuan per quarter, this money is only enough for NIO to spend about two years. In other words, there are only two years left for NIO.

In the upcoming 2024, NIO will most likely face a "battle of life and death". We look forward to Li Bin leading NIO to create a miracle for the second time.

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