After NIO announced on December 18th that it had secured a strategic investment of approximately $2.2 billion from Abu Dhabi investment firm CYVN Holdings, there was news that "Li Bin is no longer the largest shareholder.". Li Bin responded, "They didn't do enough homework." He said he was not the largest shareholder for a long time, but still had the most voting rights.
"Firstly, when I went public, I transferred 50 million shares to a user trust, and now it has not been deducted from the equity statement, which means I am no longer the largest shareholder in the economic sense. Secondly, because I have super voting rights, my voting rights still remain the highest, and there is very little change in shareholder voting." Li Bin explained to this.
Recently, CYVN Holdings made its second investment in NIO. NIO stated that after the investment transaction in December is completed, CYVN will beneficially hold approximately 20.1% of NIO's total issued and outstanding shares. At the time of investment transaction delivery in December, CYVN will have the right to nominate two directors to NIO's board of directors, provided that CYVN continues to beneficially own no less than 15% of NIO's outstanding share capital; If CYVN beneficially owns less than 15% but more than 5% of NIO's outstanding share capital, it will have the right to nominate a director to NIO's board of directors.
The financial report for the third quarter of 2023 showed that NIO's revenue was 19.07 billion yuan, a month on month increase of 117.4% and a year-on-year increase of 46.6%, setting a new historical high; The net loss was 4.567 billion yuan, an increase of 10.8% year-on-year and a decrease of 24.8% month on month; The gross profit margin of the whole vehicle has significantly increased to 11% month on month; The delivery volume in the third quarter was 55400 vehicles, a month on month increase of 135.7% and a year-on-year increase of 75.4%.