Unpacking the Ownership Structure of Volvo Cars
Wang Lin · 2024-07-16
thepaper · 2024-09-30
NIO China Receives Strategic Investment of 3.3 Billion Yuan
NIO announced on September 29th, that NIO China has received strategic investment of RMB3.3 billion from three existing shareholders backed by Hefei government.
Strategic Investment Details
NIO has reached an agreement with Hefei Jianheng New Energy Automobile Investment Fund Partnership, Anhui Provincial Emerging Industry Investment Co Ltd and CS Capital Co Ltd for an investment. According to the agreement, the three investors will invest 3.3 billion yuan on subscribing the newly issued shares in NIO China.
Consistent Strong Sales Performance and Promising Q2 Financial Report
Since May of this year, NIO has sold over 20,000 vehicle for four consecutive months, and successfully launched its sub-brand ONVO’s first model ONVO L60. NIO’s 2024 Q2 financial report shows that, the company gained a total revenue of 17.45 billion yuan, with a gross margin of 12.2% for whole vehicles.
Positive Ratings from Investment Banks
Recently, several investment banks have raised their expectations for NIO. JPMorgan Chase’s rating for NIO has been upgraded to overweight; Deutsche Bank has increased its target price for NIO's Hong Kong stock to 72 Hong Kong dollars from previous 65.5 Hong Kong dollars.
The funding from the three strategic investors would serve as a strong backing for NIO, and will definitely boost NIO’s business expansion.
2022 VOLVO
S60
202149,600kmPetrol
$21,119
2021 VOLVO
S60
202149,000kmPetrol
$20,374
2021 VOLVO
S60
202139,300kmPetrol
$19,433
2019 BYD
SONG MAX
201950,000kmPetrol
$5,957
2021 CHERY
TIGGO 8 PLUS
202257,000kmPetrol
$10,327
2011 TOYOTA
YARIS
2013120,000kmPetrol
$1,756
2025 ICAR
ICAR V23
2025600kmBEV
$18,337
2023 VOLKSWAGEN
T-ROC
20232,600kmPetrol
$16,299
Unpacking the Ownership Structure of Volvo Cars
Wang Lin · 2024-07-16
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yiche · 2024-12-30
China Auto Daily丨Used Car Transactions in China Rise by 6.37% in October
In October, China's used car market saw a 6.37% year-on-year rise. Xiaomi plans to launch the YU7 SUV next year, and NIO's ET9 received China's first steer-by-wire production permit.
China Automotive News · 2024-12-10
Neta Auto Signs Deals to Launch NEVs in Mexico
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zhev · 2024-09-12
New Changan CS75PLUS Ultra Edition Boasts Power and Intelligence
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d1ev · 2024-12-26