Author: sister N
Source: the unicorn knew
Today's summary:It is reported that NIO Inc. Automobile updated its prospectus a few days ago. According to the prospectus, NIO Inc. Motor raised a maximum of 1.518 billion US dollars.It is expected to issue 160 million shares of ADS with a range of $6.25 to $8.25.. It will be priced after hours on Sept. 11, and U. S. stocks will be listed on September 12.
According to the prospectus, NIO Inc. produced 272,831 and 1097 cars respectively from June to August 2018, producing a total of 2200 cars and delivering a total of 1381 vehicles. NIO Inc. 's revenue in the first half of 2018 was $6.951 million (about 45.991 million yuan), of which car sales revenue was $6.71 million (about 44.399 million yuan) and other sales revenue was $241000 (about 1,592 million yuan).
PPT exposure of Weilai Road Show
Before IPO, Li Bin, founder and chairman of NIO Inc. Automobile, held a stake of 17.2%, making it the largest shareholder. After the IPO, Li Bin holds 14.5% of the shares and has 48.3% of the voting rights.
Before IPO, Tencent held 15.2% of the shares and 12.9% of the shares after the IPO, and 21.5% of the voting rights. Before IPO, Hillhouse held 7.5 per cent of the shares, followed by 6.4 per cent of shares and 2.7 per cent of voting rights.
Unicorn already knew (ID:iponews) also got NIO Inc. car roadshow PPT, NIO Inc. car bid Tesla, Inc., Mercedes-Benz, Audi and other brands.
The following is the PPT part of NIO Inc. 's automobile roadshow:
NIO Inc. Motor is expected to issue 160 million shares of ADS, ranging from $6.25 to $8.25, and is expected to formally announce its offering price on Sept. 11.
Morgan Stanley, Goldman Sachs Group, JPMorgan Chase & Co, Citibank, UBS and other investment banks participated in the listing of NIO Inc. Motor.
The Vision of NIO Inc. Automobile
Different aspects of NIO Inc. 's car
Introduction of NIO Inc. Automobile products
With 6993 employees and layout in Beijing, Shanghai and overseas
China is the world's largest market with huge room for growth.
Strong market demand
NIO Inc. Automobile has deep cooperation with the world's leading brands, including China Southern Power Grid, Changan Automobile, China Taiping, China Merchants Bank, Industrial Bank, Bank of China Ltd., Tencent, JD.com, Lenovo Group Limited and Baidu, Inc..
Introduction of NIO Inc. Automobile shareholdersIncluding NIO Inc. Automobile Chairman Li Bin, JD.com Group CEO Liu Qiangdong, Autohome Inc founder Li Xiang, strategic shareholders include Tencent, Baidu, Inc., Lenovo Group Limited.
Other investment institutions include Shunwei Capital, IDG, Societe Generale, GIC, TPG, Temasek, Xinzhongli, Chunhua Capital, China Merchants Bank, China Renaissance Holdings Ltd., Hubei Science and Technology Investment, Hanfu Capital and so on.
The underwriters of NIO Inc. 's IPO deal can be called the luxury lineup of Wall Street, including Morgan Stanley, Goldman Sachs Group, Bank of America Merrill Lynch, Deutsche Securities, Citigroup, Credit Suisse Securities, UBS Securities and WR Securities, LLC.
The last company to have such a luxury investment bank underwriting lineup was BABA, which went public in 2014.
Li Bin's self-confidence
Different from the traditional product development, production and testing processes of established car companies, NIO Inc. cars with a high degree of electrification and intelligence can involve a large number of underlying chips and software algorithms in the process of product optimization. this puts forward high requirements for the endogenous ability of enterprises.
Take ES8 as an example, the mechanical performance test of 3 million km was actually completed a long time ago.However, the software tuning after product delivery involves a nuanced user experience, which is much more difficult than hardware testing.。
In order to properly solve this problem, Li Bin set up a team of about 1200 people in China and the United States, specializing in science and technology. Unlike other new car-building powers' strategy of relying entirely on external suppliers, NIO Inc. 's emphasis on improving endogenous capabilities can not only effectively resist risks, but also be responsible to his own users.
NIO Inc. car adopts the method of scheduled sales rather than traditional car companies selling goods.The process from production to sales has become highly transparent under the "surveillance" of the Internet.Even the normal capacity climbing process will be sensational by the media, not to mention some unintentional words.
For example, during Li Bin's visit to Europe, a reporter asked him about NIO Inc. 's plans to enter the European and American markets. Li Bin said that there was no clear timetable, so the result was misinterpreted as indefinitely postponing the listing in the European and American markets.
On the issue of production capacity that has been hacked to a certain extent in the outside world, Li Bin admitted that NIO Inc. 's car-building progress has been delayed for a month according to the internal goal.
The reasons for procrastination are the supply chain, product iterations, and "objective laws". "the supply chain needs to climb on the premise of ensuring quality," he said. Our speed is normal, and our booking sales show you transparently the normal climbing process of a car. "
It is perfectly normal for new products to need production capacity to climb the slope.. According to industry practice, the climbing period is usually about three months. According to NIO Inc. 's latest promise, delivery to ordinary users will be completed in September, and recently some users have begun to pick up cars.
Thus it can be seen that, as Li Bin promised, NIO Inc. 's automobile production capacity is gradually being released.
A successful enterprise will certainly face the doubts of many people on the road of its development. NIO Inc. Automobile is going through this stage of being hacked. Li Bin's calm is a reflection of his own enterprise's self-confidence.NIO Inc., which is favored by Lei Jun, Ma Huateng, Liu Qiangdong and other bigwigs, is not just lucky to be able to achieve what it is today.