On December 8, it was reported that NIO (Weilai) is nearing the end of its current funding round and plans to go public in the second half of next year. When asked by reporter Bao Yuyu about the possibility of an IPO, Zhu Jiang, the Vice President of NIO, stated that the company is currently focused on launching new models and has not yet had time to consider the listing issue.
According to previous announcements, NIO’s first production model, the ES8, will be officially launched on December 16th. The ES8 is a fully electric, seven-seat SUV priced around RMB 500,000. The vehicle will use a battery-swapping system to address concerns about range anxiety and long charging times. Once mass production begins, NIO plans to establish a nationwide network of battery swap stations, allowing owners to "refuel" quickly and efficiently.
Since its debut at the Shanghai Auto Show in April this year, the ES8 has attracted significant interest, with thousands of pre-orders already placed. Invitations have been sent to these early buyers and partners for the launch event on the evening of December 16th.
To prepare for the market launch, NIO's experience centers in major cities are also getting ready. Last month, the first Nio House opened on Chang'an Street in Beijing, covering over 3,000 square meters. This month, a second experience center in Zhongguancun, Beijing, also opened. Additional stores in Shanghai Xingye Taikoo Hui and Guangzhou Zhujiang New City are now in the final stages of preparation.
NIO’s ability to invest heavily in growth is backed by its strong performance in the fundraising market. Its investor base is considered one of the most prestigious among domestic new energy car manufacturers. On December 8, there were reports that NIO would end its fundraising after entering the listing preparation phase, though this information has not been officially confirmed.
Li Bin, founder and chairman of NIO, once said that building a car would require around RMB 20 billion. It seems NIO is close to achieving this goal.
In 2015, NIO secured hundreds of millions in Series A funding from Tencent, JD.com, Gaochun Capital, Shunwei Capital, Li Zhi (founder of the Auto Group), and others. In September 2015, it raised $500 million in Series B funding led by Hillhouse Capital and Pleasant Capital. In June 2016, it received additional funding in the B+ round from Temasek, Newbridge Capital, Hopu Foundation, Lenovo Venture Capital, and IDG Capital. In March 2017, it completed a $600 million Series C round led by Tencent and Baidu. In November 2017, NIO closed a financing round exceeding $1 billion, led again by Tencent, with participation from investors such as Baillie Gifford, Lone Pine, CITIC Capital, and China Assets Fund.
With the growing clarity of the future for new energy vehicles and increasing government support in terms of finance and policy, more and more new car companies are emerging. This year, 11 new energy automakers, including NIO, Xiaopeng Motors, Qidian Motors, Weimar Motors, and others, have entered the mass production stage.
60V Lithium Battery,Professionlly Custom Battery Pack,high battery pack,Customizable UAV lithium-ion battery
Shenzhen Jentc Technology Co., LTD , https://www.phenyee.com