Available in the first quarter of the revenue increased by 481.8% Promoted ET7 production and testing work

April 30, Wei to (NIO) disclosed a quarterly show in 2021, the first quarter of 2021 the company’s total revenue of 7.9823 billion yuan, an increase of 481.8%, growth of 20.2%; 2021 first quarter attributable to ordinary shareholders The net loss was 4.875 billion yuan, an increase of 183.0% year-on-year, an increase of 226.7% from the previous month.

It should be noted that the first quarter of 2021, 3.305% stake in Wei Wei to China to buy back part of the strategic investor-owned, and therefore confirm the redemption value of redeemable noncontrolling interests 4.4 billion yuan of added value. The first quarter of the first quarter of 2021 was 96.48 million yuan, an increase of 198.1% year-on-year, an increase of 60.3%. In addition to equity-based compensation expense and the value of redeemable noncontrolling interest in redemption value, adjusted Wei to a quarter attributable to ordinary shareholders a net loss (non-GAAP) $ 354.5 billion.

The growth in the exemption in the first quarter is mainly due to the growth of the sales of the whole vehicle and the average price increase. Data show that the first quarter of 2021. Wei to deliver 20060 units, single-season for the first time reached 20,000 units delivered, an increase of 422.7%, growth of 15.6%; Wei to the 2021 first quarter average selling price of 434,700 yuan, compared with 2020 The average price of the fourth quarter increased by 4,200 yuan. It is reported that the average price increase comes from an increase in the option, including NIO Pilot with 100KWH battery pack.

As a result, the car sales in the first quarter of 2021 was 7.458 billion yuan, an increase of 489.8% year-on-year, an increase of 20.0%. At the same time, deliveries increased user option to enhance the amount of increase brought the average selling price, but also enhance the gross margin level to Wei, Wei to 2021 first quarter gross margin was 19.5%, while in the first quarter of 2020 was negative 12.2 %, Last quarter is 17.2%.

Wei to the founder, chairman, CEO Li Bin said in a conference call, as of April 16, there have been more than 10,000 users are using 100-degree battery pack; April 18, Wei to officially open the annual booking flexibility to upgrade 100 The battery pack will be officially opened in June.

It is expected that the traffic volume of vehicles will reach 21,000 and 22,000 in the second quarter of 2021, an increase of 103% -113.0% year-on-year, an increase of 5% -10% from the previous quarter; the second quarter is expected to be 8.461 billion yuan to 8.5045 billion yuan. yuan.

Li Bin said the end of March, early April, by the chip shortages, JAC Wei to the factory suspended production of five working days, which had some negative impact on the Wei to April production and delivery. For the second quarter, the overall yield of the whole supply chain can still continue to face enormous challenges, Wei to go all out with the partners together to ensure supply, and during the holiday downtime, Wei and partners to the factory production line has been transformed Prepare for the mass production of ET7.

Wei to the first smart electric flagship sedan ET7 previously published in the NIO Day, it is learned, it is currently manufacturing and testing ET7 in advancing. On April 2nd, the first production line of ET7 officially launched in Hefei advanced manufacturing base; on the Shanghai Auto Show on April 19, the ET7 interiors were first unveiled.

It is also shown that as of March 31, 2021, cash and cash equivalents, restricted monetary funds and short-term investment totaled 47.5 billion yuan. Wei expressed, in 2020 the company’s overall operating step START track on and enter the acceleration phase of development, 2021 is Wei to the development ⾥ ⾄ vital ⼀ years, Wei to be into ⼀ further enhance the charge for electricity and sales service network construction , Expansion to brand influence.

Specifically, sales and service network, Wei Wei to the existing 23 centers and 211 to Wei to space, covering 123 Chinese cities; to Wei currently has 33 service centers, 162 authorized service centers. Wei expressed, will continue to strengthen Wei Wei to come to the center and space construction, expansion of sales network coverage; and it will continue to expand after-sales service network layout, to further improve the service system.

In addition, Wei for power plants have been built to 206, covering 77 cities, to represent Wei, has been gradually deployed the second generation for power plants, this year the goal is to change the total power plant increased to at least 500. At the same time, it will increase the construction of supercharged networks and destination charging piles. Up to now, the country has accumulated Wei to deploy more than 146 filling stations and over 1826 destination charge pile, plans to reach 600 by the end of 2021 and 15000, respectively.

Disclaimer: The above unmected sources, no water-free pictures come from the creativity of the insects. The contents of this document are for reference only, and the investment recommendations are not constituted, and investors should operate accordingly.

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