China's EV maker NIO files for U.S. IPO

tmtpost

tmtpost

· 2018.08.18

NIO realized operating revenue of USD 6.95 million in the first half of 2018.

Chinese EV maker NIO has submitted its F-1 filing to the New York Stock Exchange, seeking to raise as much as USD 1.8 billion in the initial public offering on August 14.

The company had operating revenue of USD 6.95 million in the first half of 2018, of which USD 6.71 million came from auto sales. And it had a net loss of USD 526 million. 

NIO CEO Li Bin is the largest shareholder with 17.2% share of the company. Tencent owns 15.2% and Hillhouse Capital holds 7.5%.

Li will use one third of his shares to establish a trust fund. NIO car owners will decide how to use the profit of this fund through a certain discussion and system.

"Although I reserve the voting right of these shares, I will let NIO car users discuss and decide how to spend the earnings. Such arrangement complies with the original purpose of NIO as a user-oriented company, and makes the relations between NIO and users even closer, thus ensuring long-term benefits for NIO's users, shareholders, employees and cooperation partners," Li said.

NIO's prospectus shows that the company had received 17,000 orders for the ES8 by July 31, 2018. The company has produced over 1,300 ES8 cars and delivered 481 units, with accumulated financing exceeding USD 2.4 billion. By March 31, 2018, NIO had owned 2,732 patents around the world.

NIO will introduce its second SUV model, the ES6, by the end of the year. A five-seat high-performance electric SUV, the ES6 is priced lower than the ES8 and will start deliveries in the first half of 2019.

-----------------------------------------------------------

The article is edited by @Yi LIU (Email: yiliu@tmtpost.com;  Mobile/WeChat: +86 13911703028). The Chinese version article is published with authorization from the author @Li Qin. Please note source and hyperlink when reproduce.

Follow us now on Twitter @tmtpostenglish, Medium @TMTpost and Facebook @tmtpost

本文系作者tmtpost授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉50426 钛a2I9ui 蒙MYH hU8dfb 钛粉76789 钛粉68961
407人已赞赏 >
407换成打赏总人数407人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

Oh! no

您是否确认要删除该条评论吗?

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。