Recently, the B station up master "Ding Fatzi Gold Medal Lecturer", who went to the United States to be a homeless man, became popular, especially the sentence "It's time to eat again, brothers!".It can be described as a universal golden sentence.
However, the lecturer's ability to ask for food is not at all in the same realm as Jia Yueting in the United States, and only Li Bin seems to be able to compete with Lao Jia, but the difference is that Weilai is really making and selling cars, and the scale has been expanding, so it is reasonable to ask for money for financing.
Received another 2.2 billion US dollars in strategic investment, incarnating the UAE national car company
Recently, Li Bin posted on Weibo that NIO has signed a new round of share subscription agreement with Abu Dhabi investment institution CYLN Holdings. CYVN will make a strategic investment in NIO in cash with a total of approximately US$2.2 billion, further strengthening the strategic partnership between the two companies.
This is not the first time that CYVN Holdings has invested in NIO, as early as July this year, CYVN completed a total strategic investment of about US$1.1 billion through private placement of new shares and transfer of old shares.
Upon completion of the transaction, CYVN will hold approximately 201%, becoming the largest shareholder of NIO.
As soon as the news came out, the NIO car friends shouted "It's time to eat again!".Brothers!Of course, some people also questioned whether NIO changed from a domestic car company to a national car company in the United Arab Emirates after the Middle East tycoon became the largest shareholder. In this regard, Li Bin explained that because he transferred 50 million shares to the user trust at the time of listing, and now the equity balance sheet has not been reduced, he has long been not the largest shareholder in the economic sense;Second, because of the super voting rights, Li Bin's voting rights are still the most, and there are very few changes at the shareholder voting level.
The cumulative loss exceeds 80 billion, and the new investment is not enough to burn for a year
In less than 6 years of Weilai's car-making career, its cumulative loss has exceeded 80 billion yuan, and Wei Xiaoli's ideal has been profitable for several months, even Xiaopeng's loss cannot catch up with Weilai.
In the third quarter of this year, NIO delivered 55,432 new vehicles, a year-on-year increase of 754%, an increase of 135 month-on-month7%;Total revenue for the third quarter was 190700 million yuan, a year-on-year increase of 466%, an increase of 117 month-on-month4%, with record sales and revenue. However, profitability remains a concern, with a net loss of 45 percent in the third quarter600 million yuan, a net loss of 15.3 billion yuan in the first three quarters of this year, that is, 2.2 billion US dollars (about 15.7 billion yuan.)1.7 billion yuan) wiped out the loss, and there was not much left.
It is necessary to open source both and throttle
Of course, in order to reduce losses, NIO has also taken a series of measures.
For example, in November, Li Bin, chairman and CEO of NIO, issued an all-staff letter, saying that the next two years will be the most competitive stage of change in the automotive industry, and that it is necessary to "further improve the efficiency of execution and ensure that there are sufficient resources for key businesses", so he formulated a new business plan. According to the plan, NIO will reduce the number of jobs by about 10%, and the specific adjustment will be completed in November.
However, recently, it has been reported that NIO may expand the scale of layoffs to 20% to 30%, and NIO said that the information is not true, but it will be dynamically adjusted according to market demand, and the second step is to pull people into the battery swap business. As the core competitiveness of Weilai, battery swapping has been questioned by the outside world, after all, it is too much money, and on November 22, Weilai announced that it had reached a cooperation agreement with Changan on battery swap business, and on November 29, Geely officially joined.
Faced with the question of whether the battery swap was opened because of financial problems, Li Bin said that from the beginning, NIO planned to open the battery swap system to the outside world, and the shared battery swap network is based on the next-generation 800V supercharging fast swap platform.
Judging from the official caliber of NIO, if a battery swap station wants to make a profit, it must complete at least 50-60 orders per day, while the current level is only 35-36 orders, so the battery swap business must be rolled out. However, the first model to support battery swapping in cooperation with Changan will not be available until at least 2025, so whether this move is right and whether NIO can become the leader of the battery swap camp will have to wait a year to take effect.
The third step is to cancel the OEM model and build cars independently. Li Bin once said that JAC's production plant for NIO is more advanced than Porsche's production plant, but car owners don't think so, and many people will choose to cut off the "JAC Weilai" logo after picking up the car, and with NIO 31The acquisition of two factories of JAC Motors for a total price of 5.8 billion yuan can finally be skipped.
After getting rid of the JAC foundry, Li Bin said that if the car is completely made by Weilai, the manufacturing cost of the unit vehicle will generally drop by 10%, and Weilai will also divest the battery self-made business, the reason is not complicated, the battery is roughly divided into two links, one is research and development, the other is manufacturing, research and development has the opportunity to improve gross profit performance, but manufacturing in the short term can not improve the gross profit margin in three years, because it requires long-term capital investment. On the whole, it is better to directly mine in the manufacturing process.
In addition, NIO will launch two sub-brands codenamed "Alps" and "Firefly" next year, of which the "Alps" brand will focus on the mid-range market of 20-300,000 yuan, and the "Firefly" will be a smaller model.
Summary
With the arrival of new investment, the new flagship model NIO ET9, and various measures to reduce costs and increase efficiency, do you think NIO can achieve profitability in the next 2024?