During the worst of the pandemic, Nio got a $1.4 billion investment from the Hefei government, integrating it into the local supply chain. The deal made no economic sense, but it solved the scaling problem. Nio could focus on technology and marketing. The government aid sent Nio stock to the moon.
https://www.youtube.com/watch?v=LP6Dfr5uCxU
Is NIO government owned?
Nio’s success is anchored to support from the government to a great extent.The investor group would own around 24% of Nio China, along with voting rights, and the rest would belong to Nio Inc. Additionally, Nio has committed to building a new headquarters for Nio China in Hefei.
Who owns NIO China?
founder William Li
Nio founder William Li walks past guests during an event marking the rollout of the company’s 100,000th car. William Li is being mobbed. At a gala dinner in Shanghai, the founder of Chinese electric carmaker Nio Inc.
Is NIO a Chinese stock?
Nio ( NIO -2.85% ) is an electric vehicle (EV) company based in China, and certainly has a lot of competition.
Does China back NIO?
NIO put its Chinese business in to a new entity and ended up owing about 76% of the legal entity. The strategic investorsincluding the local governmentended up with about 24%. The strategic investors put in some cash. Fast forward to February 2021, and NIO appears to be buying some of the 24% back.
Who makes batteries for NIO?
Nio, Tesla Battery Supplier CATL To Launch Sodium-Ion Battery In July. China’s Contemporary Amperex Technology Co Ltd, which supplies batteries to EV customers, including Tesla, Inc. (NASDAQ: TSLA) and NIO Inc.
Who are the top investors of NIO?
Top 10 Owners of NIO Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| Baillie Gifford & Co. | 6.66% | 90,627,004 |
| BlackRock Fund Advisors | 2.94% | 40,080,452 |
| The Vanguard Group, Inc. | 2.76% | 37,577,373 |
| SSgA Funds Management, Inc. | 2.37% | 32,228,822 |
Is Tencent invested in NIO?
The top institutional shareholders of NIO are Originalwish Ltd., Tencent Holdings Ltd., Baillie Gifford & Co., BlackRock Inc. (BLK), and Vanguard Group Inc. Because NIO is a foreign company, it doesn’t file Form 4s for its individual insider shareholders.
Who funded NIO?
In late April 2020, Nio announced ~$1B in new funding from a group of Chinese investors, which was needed due to the company’s struggles to sell its vehicles. As part of the deal, Nio would transfer assets to a new subsidiary called Nio China, which will be headquartered in Hefei.
What is future of NIO?
Nio plans three new EVs in 2022, including the ET7, its first electric sedan. The hot Chinese startup already makes three premium electric SUVs, including the ES8, ES6 and EC6. While expanding capacity in China, Nio is growing overseas.
Will NIO enter US market?
Don’t expect a NIO factory in the U.S.
While the company planned to build its own factory in Shanghai, it canceled the plans in 2019 due to the slowdown and a lack of finances.
Will NIO get funding?
Chinese electric vehicle startup Nio has secured a $1 billion investment from several state-owned companies in Hefei in return for agreeing to establish headquarters in the city’s economic development hotspot and giving up a stake in one of its business units.
Who supplies lithium to NIO?
Tesla, Nio Battery Supplier CATL To Buy Miner Millennial Lithium In $300M Deal. Canada’s Millennial Lithium Corp.
Where does NIO get lithium?
China’s Contemporary Amperex Technology Co. Ltd. or CATL, a battery supplier to Tesla Inc. (NASDAQ: TSLA) and Nio Inc. (NYSE: NIO), will build a lithium battery production site in eastern China for an investment of up to RMB 13.5 billion ($2.1 billion), cnEVpost reported Monday.
What lithium company does NIO use?
CATL
Based on NIO CEO description of solid state battery partner as leading company in the market, CATL might also become its solid state battery supplier as it already supplies NIO with its batteries.
What percent of Nio is public?
Public Company Ownership
Public companies currently own 8.3% of NIO stock. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
Is BlackRock invested in NIO?
2021-11-09 – BlackRock Inc. has filed a 13F-HR form disclosing ownership of 61,624,811 shares of Nio Inc (US:NIO) with total holdings valued at $2,195,693,000 USD as of 2021-09-30.
How many institutions own NIO?
Institutional Ownership and Shareholders
Nio Inc (US:NIO) has 808 institutional owners and shareholders (aka shareholding pattern) that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 536,312,685 shares.
What percentage of Nio does Tencent own?
15.1%
Tencent Continues To Believe In Nio
Overall, Tencent had invested $510 million in Nio before its 2018 initial public offering. Subsequent to that investment, Tencent made a number of additional purchases, and it now owns 15.1% of the company.
How much Nio stock does William Li own?
The company’s CEO William Li is the largest shareholder with 10% of shares outstanding. In comparison, the second and third largest shareholders hold about 8.3% and 5.5% of the stock.
What institutions are buying Nio?
NIO (NYSE NIO) Institutional Buying and Selling
American International Group Inc. Migdal Insurance & Financial Holdings Ltd. Global Wealth Management Investment Advisory Inc. National Asset Management Inc.
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