Although it ranks first in the market as "Weixiaoli", NIO has long had to rely on Jianghuai Automobile for OEM production. However, NIO's situation may undergo a transformation.
NIO Automotive Technology (Anhui) Co., Ltd. is listed on the list of new and approved vehicle production enterprises and changes in information to be released in the "Announcement on Road Motor Vehicle Production Enterprises and Products" (Batch 378) released by the Ministry of Industry and Information Technology on December 8th.
Just one step away from the "admission ticket"
The list of new vehicle production enterprises to be released in the above list shows that NIO Automotive Technology (Anhui) Co., Ltd.'s remarks are "New pure electric passenger vehicle production enterprises".
Source: Ministry of Industry and Information Technology official website
At the same time, the Ministry of Industry and Information Technology has released the 378th batch of "Announcement on Road Motor Vehicle Production Enterprises and Products" new product public list, and NIO has 8 models listed.
Source: Ministry of Industry and Information Technology official website
At present, NIO and JAC Automobile cooperate to produce vehicles using a contract manufacturing model. NIO is currently the only brand among "NIO Xiaoli" that does not have car manufacturing qualifications. The declared companies for NIO brand products are all Jianghuai Automobile, so NIO vehicle tail labels have to be labeled with the words "Jianghuai Automobile".
Recently, NIO Automotive Technology (Anhui) Co., Ltd. appeared in the vehicle production enterprise credit information management system on the government service platform of the Ministry of Industry and Information Technology. Its legal representative is Qin Lihong, and its registered address is Building F, Hengchuang Intelligent Technology Park, No. 3963 Susong Road, Hefei Economic and Technological Development Zone, Anhui Province. Its production address is No. 299 Baita Road, Hefei Economic and Technological Development Zone, Anhui Province, with the serial number 214. At that time, industry interpretation believed that this could mean NIO obtaining the qualification for car manufacturing.
However, according to the information disclosed by the Ministry of Industry and Information Technology on December 8th, the qualifications of NIO's newly built pure electric passenger vehicle production enterprise are still on the list to be released. Industry insiders told reporters that if there are no objections during the public notice period, NIO can officially obtain the qualification for car manufacturing.
Previously, there was a lot of buzz in the market about NIO obtaining car manufacturing qualifications, and NIO's frequent actions may also reveal clues.
On December 5th, NIO announced on the Hong Kong Stock Exchange that it will acquire production equipment and assets from the first and second advanced manufacturing bases in Jianghuai. The above two manufacturing bases are NIO's F1 and F2 factories, responsible for the production of all NIO's products. NIO's second advanced manufacturing base is the main base for NIO's automotive production and was officially put into operation on September 26, 2022. The total transaction price is 3.158 billion yuan.
In fact, obtaining car manufacturing qualifications is necessary for NIO Motors. NIO CEO Li Bin stated during NIO's 2023 Q3 financial report conference call that from a manufacturing perspective, if solely manufactured independently, manufacturing costs would decrease by 10%.
Set a new record for quarterly delivery in the third quarter
NIO's recent quarterly report shows that the company delivered 55432 vehicles in the third quarter, a year-on-year increase of 75.4%, setting a new record for quarterly delivery. Thanks to the increase in delivery volume, the company achieved a revenue of 19.067 billion yuan in the third quarter, a year-on-year increase of 46.6%; The sales revenue of automobiles was 17.408 billion yuan, a year-on-year increase of 45.9%.
However, this growth rate is lower than the sales expense growth rate during the same period. The company's sales expenses in the third quarter increased by 55.7% year-on-year and 102% month on month.
In the third quarter, NIO's net loss expanded year-on-year to 4.557 billion yuan, although it decreased by 24.8% compared to the second quarter, the magnitude of the year-on-year loss is expanding. Under continuous losses, NIO's total losses in the first three quarters have exceeded 15.3 billion yuan.
The reporter noticed that NIO provided expectations for sales and revenue in the fourth quarter in its third quarter report. The company expects the delivery volume of automobiles in the fourth quarter to be between 47000 and 49000, a year-on-year increase of 17.3% to 22.3%. The total revenue ranged from 16.079 billion yuan to 16.701 billion yuan, a year-on-year increase of 0.1% to 4.0%.
