Nio’s new business figures show growth over 2021

Nio’s new business figures show growth over 2021

The Chinese electric motor vehicle manufacturer Nio has introduced its preliminary small business figures for 2021. Annual gross sales amounted to about 36.1 billion yuan (5.2 billion euros), an enhance of 122.3 per cent compared to the past 12 months. The business was also capable to minimize its losses.

The net loss in 2021 was close to 4. billion yuan (570 million euros), 24.3 for each cent reduced than the earlier calendar year, in accordance to the assertion. At the time, it was nonetheless 677 million euros (in accordance to the exchange charge at the time). Nio delivered 91,429 electrical automobiles past year, much more than two times as numerous as in 2020 (+109.1 for every cent). The a few sequence ES8, ES6 and EC6 ended up sent.

Having said that, there was no massive improve in deliveries at the finish of the 12 months: In the last quarter, Nio was ready to produce 25,034 cars and trucks, i.e. 27.4 per cent of the once-a-year volume – and so just about just a quarter. In comparison to Q4 2020, Nio was equipped to develop by 44.3 for every cent, but compared to Q3 2021, the progress was only 2.4 for each cent.

In phrases of profits, Nio reached particularly the exact ratio in Q4 as it did in phrases of shipments: The 9.9 billion yuan is equal to 27.4 for each cent of annual gross sales. So Nio did not deliver a conspicuous number of expensive or low-priced cars in the fourth quarter but retained its level in the product blend continuous.

Even so, Nio claims that the margin on automobiles has improved: This was 20.9 for every cent in Q4 2021, according to the statement, in comparison to 17.2 for every cent in Q4 2020 and 18. for each cent in Q3 2021, but simply because revenue fell slightly in Q4, the gross margin was 17.2 for every cent. This compares to 20.3 per cent in Q3.

When the organization was ready to lessen equally the net reduction and the loss from operations for the 12 months, the remaining quarter confirmed a opposite growth right here: Ner internet loss was 2.14 billion yuan (310 million euros) in Q4, an maximize of 156 per cent in contrast to Q3. In other text, around 53 for every cent of the overall internet reduction of 4. billion yuan was incurred only in the fourth quarter.

Compared with prior announcements on money figures, Nio no for a longer time warns of doubts about its possess continued existence. In fact, as of 31 December 2021, funds, restricted dollars and small-time period investments stood at 55.4 billion yuan, or the equal of 7.93 billion euros.