日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Motoring

Nio banks on IPO to accelerate electric car manufacturer into profit

By Cao Yingying | China Daily | Updated: 2018-09-17 10:39
Share
Share - WeChat
A Nio ES8 SUV is displayed at a shopping mall in Wuhan, Hubei province. [Photo by Chu Lin/for China Daily]

Nio's initial public offering has brought the Chinese electric carmaker greater financial support.

However there still remain fierce challenges in the development process, according to industry analysts.

The company priced its shares at $6.26, just above the lower end of its $6.25 to $8.25 target price range on Wednesday on the New York Stock Exchange.

The shares rose to $9.90 on Friday before closing.

"The IPO is important for Nio because it is burning a lot of cash every year. The raised $1 billion can support the company for half to one year," according to Yale Zhang, managing director of consultancy firm Automotive Foresight.

The startup incurred a net loss of 3.3 billion yuan ($481.57 million) in the first six months of 2018, which was 1.3 billion yuan more than in the same period last year.

Its combined net losses since 2016 stand at 10.9 billion yuan. Zhang said that Nio should release affordable mainstream models as soon as possible, which will help the company expand sales and earn money.

Nio began deliveries of its ES8 SUVs in June and had sold 1,602 units by the end of August. William Li, CEO and founder of the company, said that they will deliver 10,000 ES8s by the end of this year in an interview with Sina Finance on Wednesday.

Li said that the IPO is a big challenge for a 4-year-old startup, especially in the mature and highly-competitive auto industry.

The IPO is just the first step for the company. What is more important is that Nio doesn't show leading advantages quality, driving range and delivering in mass quantity, according to John Zeng, managing director of forecasting and marketing consultancy LMC Automotive Shanghai.

More traditional carmakers have begun to target the electric vehicle market and have achieved good results in some areas, he said.

According to statistics from the China Association of Automobile Manufacturers, a total of 777,000 new-energy cars were sold in the country in 2017, up 53.3 percent year-on-year. Sales of 1 million are expected this year. The data from carmakers' EV plans shows that their combined annual production capacity will surpass 20 million by 2020.

At that time, Nio will find it tough to survive in the market if it still has no outstanding advantages, as its competitors have the capacity to mass producing electric vehicles, Zeng added. Zhang at Automotive Foresight said that it may be a catastrophe for EV startups to try and compete with premium auto manufacturers, such as Mercedes-Benz, BMW and Audi, which have already announced plans to produce electric vehicles.

BMW's joint venture, BMW Brilliance Automotive is planning to produce the all-electric BMW iX3 by 2020.

Mercedes-Benz announced in late February an investment of over 11.9 billion yuan with its Chinese partner BAIC to build a second production facility in Beijing to produce gasoline and electric cars, and its first battery-powered EQ series model EQC will roll off the production line in China in 2019.

Zhang explained that when it comes to spending a lot of money, customers often look to brands with a long history and good reputation, rather than a startup.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 激情大乳女做爰办公室韩国 | 18性夜影院午夜寂寞影院免费 | 欧美日韩中文在线 | 韩漫重考生漫画画免费读漫画下拉式土豪漫 | 加勒比婷婷色综合久久 | 久久久久久国产精品免费免费狐狸 | 激情五月激情综合网 | 青青91视频| 国产一区二区不卡 | 上将的炮灰前妻重生了 | 国产精品久久久久久久久久iiiii | 国产成人午夜性a一级毛片 久久久久亚洲 | 欧美高清3dfreexxxx性 | 成人黄色小视频网站 | 成人综合久久精品色婷婷 | www.国产| www.久久久.com | 亚洲一区二区视频在线观看 | 亚洲精品久久久久久中文字幕小说 | 日韩激情视频在线 | 久久久久久九 | 一级a毛片 | 亚洲精品三级 | 奇米777狠狠| 国产aⅴ一区二区三区 | 国产精品久久久久久中文字 | 亚洲午夜网站 | 九九久久看少妇高潮A片特黄 | 91在线播放网站 | 国产专区在线播放 | 午夜福利国产在线观看1 | 亚洲天堂成人网 | 91视频苹果版 | 亚洲电影一区二区三区 | 91偷拍精品一区二区三区 | 宝贝jojo第三季| 亚洲免费一区二区 | 午夜宫电影 | 国产精品国产三级在线专区 | 欧美爽爽爽高清免费视频 | av免费观看网站 |