NIO, once again walking into a dead end

Last month, the highly anticipated NIO finally landed its boots in the mainstream market. In addition to the release of the "Ledo" brand, Ledo also announced the appearance (interior and product details to be released when it is officially launched in September) and a pre-sale price of 219900 yuan for its first product, L60.

The market's response to this new "milestone" was quite average: although NIO's stock price had "sneaked" up for 5 trading days before the release of Ledo, it had fallen by nearly 17% in the 8 trading days since its official release.

As we predicted earlier last year in the case study "New Forces in Car Manufacturing, Are We Dead?", if NIO's business does not improve, a new round of "downturns" is likely to occur between the end of 2023 and mid-2024. Since its peak at the end of July 2023, NIO has accumulated a decline of over 66%.

The main culprit behind the significant decline in NIO's market value in this round is its poor operating results.

According to the 2023 Q4 and full year performance released by NIO in early March this year, 160000 new cars were delivered throughout the year, a year-on-year increase of 30.7%; The revenue was 55.618 billion yuan, a year-on-year increase of 12.89%; In terms of net profit, the net profit attributable to the parent company for the whole year suffered a huge loss of 21.147 billion yuan, an increase of 45% year-on-year. You should know that NIO's total shareholder equity at the end of 2023 was only 24 billion yuan, indicating the extent of this loss.

Comments

General Secretary inspects urban communities with earnest instructions to warm people's hearts

On the afternoon of the 19th, General Secretary Xi Jinping visited the Great Wall Garden Community in Jinfeng District, Yinchuan City, Ningxia. Xi Jinping was very happy to see that this multi-ethnic community was full of joy and people of all ethnic groups lived in harmony and lived happily. He said that national unity is very important, and our 56 ethnic groups should hold each other tightly like pomegranate seeds. The 56 ethnic groups gathered together are the Chinese nation community, and the Chinese nation is a big family. Let us work together to promote Chinese-style modernization and realize the great rejuvenation of the Chinese nation! The Panlong Community, located in Liangqing District, Nanning City, Guangxi, combines the characteristics of multi-ethnic "embedded" housing and numerous enterprises, innovates work mechanisms, promotes extensive communication, exchange, and integration among people of all ethnic groups, and tightly embraces them like pomegranate seeds....

Nissan announces closure of its Changzhou factory in China

On June 22nd, according to Nikkei News, Nissan will reduce its production capacity in China by about 10%. Its joint venture passenger car factory with Dongfeng Motor in Changzhou, Jiangsu Province will be closed on June 21st, with an annual production capacity of about 130000 units. A Nissan spokesperson stated that "this is to optimize production" and added that the company is still committed to developing its business in China. Nissan's total production capacity in the world's largest automotive market is 1.6 million vehicles, with the Changzhou factory accounting for approximately 8% of it. It is reported that Nissan mainly produces cars in China through a joint venture with Dongfeng Motor Group. Currently, joint venture factories have been established in multiple cities such as Dalian, Wuhan, Guangzhou, and Changzhou. What will be closed this time is that Changzhou Factory is actually a branch of Zhengzhou Nissan Automobile Co., Ltd. Zhengzhou Nissan Automobile Co...

How many years behind China is India's per capita GDP of $2500?

I have seen this set of data: looking at the export value of goods, India lags behind China by 17 years; Looking at the total amount of foreign exchange reserves, India lags behind China by 19 years; Compared to the actual amount of foreign direct investment utilized by the two countries, India is only equivalent to China from 2003 to 2004, lagging behind by 20 years. Observing the research patents of China and India, India lags behind China by at least 21 years. The authenticity of these values has not been verified by Nansheng and is for your reference only. But this reminds me of another question worth paying attention to, which year is the level of India's economy comparable to that of our country? Focus on comparing economic scale and per capita GDP Taking the GDP of China and India in the past year as an example, India's economic scale in 2023 is approximately 288.3 trillion rupees, or 3.49 trillion US dollars. There is no exact matching year, the closest is 2007, with Ch...

Sino News

Search This Blog