NIO announces bankruptcy? The company responds quickly!
On August 31st, NIO's legal department issued a statement regarding recent malicious rumors, stating that NIO noticed the sudden appearance of false information on the internet stating that "NIO announced bankruptcy", which was then widely spread maliciously and suspected of serious illegal activities. NIO has reported this to the police and will take other legal measures to hold the illegal personnel who planned, manufactured, and spread this rumor legally responsible.
NIO stated that the internet is not a lawless place, and the development of the automotive industry requires healthy competition. For such behavior that has no bottom line, insults intelligence, and maliciously defames NIO's reputation, NIO will actively take legal action to safeguard its legitimate rights and legal dignity.
NIO's Legal Department
At present, NIO has not yet released its second quarter financial report. According to this year's first quarter financial report, NIO has not yet achieved profitability.
NIO achieved a revenue of 9.91 billion yuan in the first quarter, a year-on-year decrease of about 7.2%; The net loss was 5.185 billion yuan, further expanding compared to the same period last year, which was 4.739 billion yuan. However, it decreased slightly compared to the previous quarter, with a loss of 5.367 billion yuan in the fourth quarter of last year.
NIO's gross profit margin for the first quarter was 4.9%, an increase of 3.4 percentage points year-on-year; The gross profit margin of the entire vehicle was 9.2%, an increase of 4.1 percentage points year-on-year. NIO stated that the year-on-year increase in vehicle profit margin is mainly attributed to the decrease in unit material costs.
NIO Financial Report
Regarding the fact that NIO has not yet achieved profitability, NIO CEO Li Bin responded in a live broadcast on August 20th: "NIO will always make profits. We are now prioritizing infrastructure construction. We have been established for less than 10 years, and Tesla took 16 years from its establishment to profitability. Please be patient, I also hope to make profits as soon as possible. Even if we do not make profits, we will make infrastructure a very important investment direction
NIO plans to achieve nationwide charging in every county by June 30, 2025. The layout of NIO charging stations will be further improved and encrypted, covering all county-level administrative regions except Taiwan and Hong Kong Special Administrative Region, so that every county has NIO charging stations.
In addition, Li Bin stated on August 20th that NIO's battery swapping business is steadily moving towards profitability.
Since May this year, NIO's delivery volume has steadily remained at 20000 vehicles, with 20498 new vehicles delivered in July, a slight decrease from the previous month, and over 20000 vehicles delivered for three consecutive months; From January to July this year, NIO delivered a total of 107924 new cars, a year-on-year increase of 43.85%.