NIO Inc. has published its reconciliation statement detailing the differences between U.S. GAAP and IFRS accounting standards for H1 2024. The statement covers key adjustments in areas including share-based compensation, convertible notes, and financial instruments.The reconciliation reveals significant accounting differences in several areas: convertible notes are measured at fair value under IFRS versus amortized cost under U.S. GAAP; share-based compensation follows different recognition methods; and warranty accrual calculations incorporate present value considerations under IFRS. These adjustments impact both the balance sheet and income statement presentations.The company maintains a weighted voting rights (WVR) structure, with founder Bin Li controlling 38.5% of voting rights through Class C ordinary shares. The Nominating and ESG Committee, comprised of independent directors, oversees corporate governance and monitors potential conflicts of interest between the company and the WVR beneficiary.

NIO Inc. has published its reconciliation statement detailing the differences between U.S. GAAP and IFRS accounting standards for H1 2024. The statement covers key adjustments in areas including share-based compensation, convertible notes, and financial instruments.The reconciliation reveals significant accounting differences in several areas: convertible notes are measured at fair value under IFRS versus amortized cost under U.S. GAAP; share-based compensation follows different recognition methods; and warranty accrual calculations incorporate present value considerations under IFRS. These adjustments impact both the balance sheet and income statement presentations.The company maintains a weighted voting rights (WVR) structure, with founder Bin Li controlling 38.5% of voting rights through Class C ordinary shares. The Nominating and ESG Committee, comprised of independent directors, oversees corporate governance and monitors potential conflicts of interest between the company and the WVR beneficiary.