Recently, CYVN Holdings, an Abu Dhabi investment institution owned by NIO, continued to invest about US$2.2 billion in cash, equivalent to more than RMB 15 billion, in NIO.
After the completion of the investment, CYVN Holdings will become the largest shareholder of NIO, accounting for up to 20%, of course, this is only equity, according to the way of the same shares, Li Bin also has about 39% of the voting rights, he is still the chairman and CEO of NIO, and is the actual leader and decision-maker of NIO.
I have to say that the money of the Middle East tyrant is really a relief in the snow, because in the first three quarters, Weilai happened to lose 15.3 billion yuan, and after the new investment was recorded, it just wiped out the accounts.
According to the third quarter report, Weilai's cash reserves at the end of the third quarter were 45.2 billion yuan, and with the addition of 15 billion, it reached 60 billion.
In fact, the reason why everyone has been worried about NIO is that NIO was originally the boss of the three new car-making forces, and in the statement "Wei Xiaoli", NIO is the front and the big brother.
But now the ideal has been far away from Weilai, the ideal has become the boss, the ideal has been profitable for several consecutive quarters, and compared with the profitability of the three, Weilai is the most anxious one, and the loss is higher than that of Xiaopeng.
Q3 data
From the perspective of market capitalization, Weilai is also the lowest one, and the ideal is higher than the market value of Weilai + Xiaopeng.
In addition, his battery swap mode has also been questioned, and later Weilai engaged in mobile phones, which was also considered to be not doing his job, so relatively speaking, the pressure on Weilai will be greater.
Under these anxieties, NIO has also undergone great changes recently, such as NIO began to lay off 10% of its employees, opened battery swaps at the same time, cooperated with several car companies, and also gave up battery manufacturing and the OEM model to apply for independent car manufacturing qualifications.
According to Li Bin, through these methods, it is possible to reduce costs and increase efficiency, reduce costs, reduce vehicle prices, and ensure higher gross profit margins.
Of course, for NIO, the ultimate goal is to sell more cars, after all, only by delivering more cars will revenue and profits rise, and investors will see hope.
According to the data, NIO delivered 55,432 vehicles in the third quarter, an increase of 75.4% year-on-year and 135.7% month-on-month, and the delivery volume and revenue hit a record high.
But his opponent is ideal, the sales volume has exceeded 40,000 units in one month, and more than 100,000 units in the third quarter, so the ultimate key is not how fast he is, but whether he is fast or slow compared to his opponent, which is fundamental.