Auto-First | Liu Tianming's revenue was 9.91 billion yuan, achieving eight consecutive months of growth, with a net loss of 1.78 billion yuan, and the loss narrowed month-on-month. NIO handed over its first quarterly report after being listed in the United States, Hong Kong and S

Qushi Auto-First|Liu Tianming

revenue was 9.91 billion yuan, achieving eight consecutive months of growth, with a net loss of 1.78 billion yuan, and the loss narrowed month-on-month. Weilai Automobile handed over its first shares after listing in the United States, Hong Kong and Singapore Quarterly report.

According to the first quarter report of NIO, operating income from January to March 2022 was 9.91 billion yuan, an increase of 24.2% over the same period last year, and a slight increase of 0.1% month-on-month. Automobile sales revenue was 9.24 billion yuan, an increase of 24.8% year-on-year, and a month-on-month increase of 24.8%. A slight increase of 0.3%.

In terms of profitability, NIO's operating loss in the first quarter was 2.19 billion yuan, a year-on-year increase of 639.7%, and a month-on-month decrease of 10.5%. The net profit loss was 1.78 billion yuan, a year-on-year increase of 295.3%, and a month-on-month decrease of 16.8%.

's revenue growth and net loss narrowed month-on-month, thanks to the increase in delivery volume. In the first quarter, NIO delivered a total of nearly 25,800 new cars, an increase of 24.8% year-on-year and a month-on-month increase of 2.9%. Quarterly delivery volume hit a record high.

In terms of R&D, NIO’s R&D investment in the first quarter reached 1.51 billion yuan (non-GAAP), a year-on-year increase of 132.9% and a month-on-month decrease of 7.6%. As of the end of May, the total number of pending and authorized patents was approximately 5,000. Li Bin, founder, chairman and CEO of NIO, pointed out that the NT2.0 technology platform has launched more than 200 new functions. In the third quarter, NIO will launch NOP+ enhanced navigation assistance functions based on self-developed high-precision maps jointly developed with partners. At the same time, NIO continues to increase investment in power battery-related fields and has established a 400-person R&D team to comprehensively establish and enhance battery system R&D and industrialization capabilities.

Regarding the performance of the second quarter, NIO expects new car delivery to be between 23,000 and 25,000 vehicles, a year-on-year increase of 5% and 14.2%. Total revenue will reach between 9.34 billion yuan and 10.09 billion yuan, a year-on-year increase of 10.6%-19.4%.

Affected by the epidemic, NIO’s second-quarter delivery volume is expected to be lower than that of Xpeng Motors. According to official statistics, NIO delivered 5,074 new cars in April, a month-on-month decrease of 49.18%, and 7,024 new cars in May, a slight increase of 4.66% from the same period last year and a month-on-month increase of 38.4%.

Li Bin pointed out that since June, the supply chain and vehicle production have returned to normal, and delivery work in many important markets, including Shanghai, has been on track. The number of new orders in May hit a record high, and Weilai started in June. Vehicle production and delivery will be accelerated.

html In June, Weilai will release a new five-seater SUV model ES7 based on the NT2.0 platform, and will start mass production and delivery in late August. With the launch and delivery of ET7, ET5 and ES7, Weilai Automobile's sales growth will be further promoted.

At the same time, NIO’s second production base located in the NeoPark Xinqiao Intelligent Electric Vehicle Industrial Park has been fully connected, and the first batch of ET5 full-process production line trial vehicles have rolled off the production line. NIO CFO Feng Wei said at the communication meeting that the second production base will mass-produce ET5 in the third quarter, and then complete the production ramp-up within 3 to 4 months to achieve a monthly production capacity of 10,000 vehicles. In 2023, The second production base will introduce more new models and its production capacity will also increase.

It is understood that NIO’s second production base has reached the industry-leading level in terms of deep integration of digital IT/OT, flexible process design and intelligent equipment. It adopts an intelligent RGV-style warehouse system, AGV assembly island, and the entire process is paperless. Chemical operations and many other cutting-edge technologies enable efficient manufacturing while reducing emissions and carbon emissions.

NIO also forms competition barriers with competing brands through the construction of channel networks and energy replenishment networks, boosting NIO's sales growth. So far, NIO has built 381 NIO centers and NIO spaces, covering 152 cities; at the same time, it has built 247 NIO service and delivery centers, covering 149 cities.

In terms of charging and swapping networks, NIO has built 960 battery swapping stations, 829 supercharging stations with 4,580 charging stations, 716 destination charging stations with 4,140 charging stations, and 500,000+ third-party charging piles in China. Among them, a total of 107 battery swap stations, 122 supercharging stations, and 55 destination charging stations will be built in the first quarter of 2022.

According to the plan, NIO will deploy 30 new Power Up Plan destination charging routes in 2022. A total of more than 1,300 battery swap stations, 6,000 supercharging piles, and 10,000 destination charging piles will be built in the Chinese market.

It is worth mentioning that NIO’s new brands targeting the mass market have new trends. Li Bin introduced that NIO is scheduled to deliver new brand models in the second half of 2024, which will be built based on NT3.0 technology. The main products are priced between 200,000 yuan and 300,000 yuan, equipped with NIO’s self-produced power. Battery pack.

Regarding overseas market layout, Li Bin revealed at the communication meeting that NIO has begun a comprehensive study of the US market. A team is responsible for the overall planning of the US market business plan and will open up the US market in an innovative way.

Regarding the development in 2022, Li Bin said that despite experiencing many challenges in the first half of the year, 2022 is still a year for NIO to resolutely invest and deploy in new products, core technologies, global markets and mass brands. In the second half of the year, NIO's new product delivery and production capacity will be accelerated, and we are confident and looking forward to NIO's full-year market performance.