| | ||||||||
Title of Each Class of Securities to be Registered
|
| | |
Proposed Maximum
Aggregate Offering Price |
| | |
Amount of
Registration Fee(2) |
|
Class A ordinary shares, par value US$0.00025 per share(1)
|
| | |
US$2,000,000,000
|
| | |
US$218,200
|
|
| Credit Suisse | | |
Morgan Stanley
|
| |
Goldman Sachs
|
|
| CICC | | |
Nomura
|
| |
Guotai Junan International
|
|
| | |
Page
|
| |||
| | | | S-1 | | | |
| | | | S-2 | | | |
| | | | S-3 | | | |
| | | | S-15 | | | |
| | | | S-16 | | | |
| | | | S-76 | | | |
| | | | S-84 | | | |
| | | | S-85 | | | |
| | | | S-86 | | | |
| | | | S-87 | | | |
| | | | S-88 | | | |
| | | | S-89 | | | |
| | | | S-92 | | | |
| | | | S-98 | | | |
| | | | S-99 | | | |
| | | | S-100 | | | |
| | | | S-101 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 3 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 17 | | | |
| | | | | 27 | | | |
| | | | | 29 | | | |
| | | | | 36 | | | |
| | | | | 37 | | | |
| | | | | 39 | | | |
| | | | | 40 | | | |
| | | | | 41 | | | |
| | | | | 42 | | |
Model
|
| |
ES8
|
| |
ES6
|
| |
EC6
|
| |
ET7*
|
|
Segment
|
| |
Mid-large SUV
|
| |
Mid-size SUV
|
| |
Mid-size coupe SUV
|
| |
Mid-large sedan
|
|
Wheelbase (mm)
|
| |
3,010
|
| |
2,900
|
| |
2,900
|
| |
3,060
|
|
NEDC range (km) (with 70/100/150kWh battery pack)**
|
| |
415/580/850
|
| |
430/610/900***
|
| |
440/615/910***
|
| |
500/700/1,000
|
|
Acceleration time from 0 to
100km/h(s) |
| |
4.9
|
| |
4.7***
|
| |
4.5***
|
| |
3.9
|
|
Peak power (kW)
|
| |
400
|
| |
400***
|
| |
400***
|
| |
480
|
|
Maximum torque (N·m)
|
| |
725
|
| |
725***
|
| |
725***
|
| |
850
|
|
Autonomous driving package
|
| |
NIO Pilot
|
| |
NIO Pilot
|
| |
NIO Pilot
|
| |
NIO Autonomous
Driving |
|
MSRP starting from (RMB) †
|
| |
468,000
|
| |
358,000
|
| |
368,000
|
| |
448,000
|
|
Summary Consolidated
Statements of Comprehensive Loss: |
| |
For the Year Ended December 31,
|
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||||||||||||||||||||||||||
|
2017
|
| |
2018
|
| |
2019
|
| |
2020
|
| |
2020
|
| |
2021
|
| ||||||||||||||||||||||||||||||||
|
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| ||||||||||||||||||||||||||
| | |
(in thousands, except for per share data)
|
| |||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| |
(unaudited)
|
| |
(unaudited)
|
| |||||||||
Revenues(1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Vehicle sales
|
| | | | — | | | | | | 4,852,470 | | | | | | 7,367,113 | | | | | | 15,182,522 | | | | | | 2,351,473 | | | | | | 4,741,686 | | | | | | 15,317,600 | | | | | | 2,372,394 | | |
Other sales
|
| | | | — | | | | | | 98,701 | | | | | | 457,791 | | | | | | 1,075,411 | | | | | | 166,560 | | | | | | 349,196 | | | | | | 1,112,780 | | | | | | 172,348 | | |
Total revenues
|
| | | | — | | | | | | 4,951,171 | | | | | | 7,824,904 | | | | | | 16,257,933 | | | | | | 2,518,033 | | | | | | 5,090,882 | | | | | | 16,430,380 | | | | | | 2,544,742 | | |
Cost of sales:(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Vehicle sales
|
| | | | — | | | | | | (4,930,135) | | | | | | (8,096,035) | | | | | | (13,255,770) | | | | | | (2,053,057) | | | | | | (4,497,370) | | | | | | (12,146,943) | | | | | | (1,881,322) | | |
Other sales
|
| | | | — | | | | | | (276,912) | | | | | | (927,691) | | | | | | (1,128,744) | | | | | | (174,820) | | | | | | (447,850) | | | | | | (1,154,710) | | | | | | (178,842) | | |
Total cost of sales
|
| | | | — | | | | | | (5,207,047) | | | | | | (9,023,726) | | | | | | (14,384,514) | | | | | | (2,227,877) | | | | | | (4,945,220) | | | | | | (13,301,653) | | | | | | (2,060,164) | | |
Gross (loss)/profit
|
| | | | — | | | | | | (255,876) | | | | | | (1,198,822) | | | | | | 1,873,419 | | | | | | 290,156 | | | | | | 145,662 | | | | | | 3,128,727 | | | | | | 484,578 | | |
Operating expenses: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Research and
development(2) |
| | | | (2,602,889) | | | | | | (3,997,942) | | | | | | (4,428,580) | | | | | | (2,487,770) | | | | | | (385,307) | | | | | | (1,067,544) | | | | | | (1,570,214) | | | | | | (243,195) | | |
Selling, general and
administrative(2) |
| | | | (2,350,707) | | | | | | (5,341,790) | | | | | | (5,451,787) | | | | | | (3,932,271) | | | | | | (609,031) | | | | | | (1,785,134) | | | | | | (2,695,008) | | | | | | (417,404) | | |
Other operating (loss)/income, net
|
| | | | — | | | | | | — | | | | | | — | | | | | | (61,023) | | | | | | (9,451) | | | | | | (23,255) | | | | | | 77,248 | | | | | | 11,964 | | |
Total operating expenses
|
| | | | (4,953,596) | | | | | | (9,339,732) | | | | | | (9,880,367) | | | | | | (6,481,064) | | | | | | (1,003,789) | | | | | | (2,875,933) | | | | | | (4,187,974) | | | | | | (648,635) | | |
Loss from operations
|
| | | | (4,953,596) | | | | | | (9,595,608) | | | | | | (11,079,189) | | | | | | (4,607,645) | | | | | | (713,633) | | | | | | (2,730,271) | | | | | | (1,059,247) | | | | | | (164,057) | | |
Interest income
|
| | | | 18,970 | | | | | | 133,384 | | | | | | 160,279 | | | | | | 166,904 | | | | | | 25,850 | | | | | | 38,233 | | | | | | 312,652 | | | | | | 48,424 | | |
Interest expenses
|
| | | | (18,084) | | | | | | (123,643) | | | | | | (370,536) | | | | | | (426,015) | | | | | | (65,981) | | | | | | (223,413) | | | | | | (484,283) | | | | | | (75,006) | | |
Shares of (loss)/income of
equity |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Investees, net of tax
|
| | | | (5,375) | | | | | | (9,722) | | | | | | (64,478) | | | | | | (66,030) | | | | | | (10,227) | | | | | | (18,423) | | | | | | 99,838 | | | | | | 15,463 | | |
Investment income
|
| | | | 3,498 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Other (loss)/income, net
|
| | | | (58,681) | | | | | | (21,346) | | | | | | 66,160 | | | | | | (364,928) | | | | | | (56,520) | | | | | | 68,903 | | | | | | 98,590 | | | | | | 15,270 | | |
Loss before income tax expenses
|
| | | | (5,013,268) | | | | | | (9,616,935) | | | | | | (11,287,764) | | | | | | (5,297,714) | | | | | | (820,511) | | | | | | (2,864,971) | | | | | | (1,032,450) | | | | | | (159,906) | | |
Income tax expenses
|
| | | | (7,906) | | | | | | (22,044) | | | | | | (7,888) | | | | | | (6,368) | | | | | | (987) | | | | | | (3,491) | | | | | | (5,768) | | | | | | (893) | | |
Net loss
|
| | | | (5,021,174) | | | | | | (9,638,979) | | | | | | (11,295,652) | | | | | | (5,304,082) | | | | | | (821,498) | | | | | | (2,868,462) | | | | | | (1,038,218) | | | | | | (160,799) | | |
Accretion on convertible
redeemable preferred value |
| | | | (2,576,935) | | | | | | (13,667,291) | | | | | | — | | | | | | — | | | | | | | | | | | | — | | | | | | — | | | | | | — | | |
Accretion on redeemable
non-controlling interests to redemption value |
| | | | — | | | | | | (63,297) | | | | | | (126,590) | | | | | | (311,670) | | | | | | (48,272) | | | | | | (63,122) | | | | | | (4,496,164) | | | | | | (696,367) | | |
Net loss attributable
to non-controlling interests |
| | | | 36,440 | | | | | | 41,705 | | | | | | 9,141 | | | | | | 4,962 | | | | | | 769 | | | | | | 900 | | | | | | 145 | | | | | | 22 | | |
Net loss attributable to
ordinary shareholders of NIO Inc. |
| | | | (7,561,669) | | | | | | (23,327,862) | | | | | | (11,413,101) | | | | | | (5,610,790) | | | | | | (869,001) | | | | | | (2,930,684) | | | | | | (5,534,237) | | | | | | (857,144) | | |
Net loss
|
| | | | (5,021,174) | | | | | | (9,638,979) | | | | | | (11,295,652) | | | | | | (5,304,082) | | | | | | (821,498) | | | | | | (2,868,462) | | | | | | (1,038,218) | | | | | | (160,799) | | |
Other comprehensive (loss)/income
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Foreign currency translation adjustments,
net of nil tax |
| | | | (124,374) | | | | | | (20,786) | | | | | | (168,340) | | | | | | 137,596 | | | | | | 21,311 | | | | | | (103,065) | | | | | | (188,856) | | | | | | (29,250) | | |
Summary Consolidated
Statements of Comprehensive Loss: |
| |
For the Year Ended December 31,
|
| |
For the Six Months Ended
June 30, |
| ||||||||||||||||||||||||||||||||||||||||||
|
2017
|
| |
2018
|
| |
2019
|
| |
2020
|
| |
2020
|
| |
2021
|
| ||||||||||||||||||||||||||||||||
|
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| ||||||||||||||||||||||||||
| | |
(in thousands, except for per share data)
|
| |||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| |
(unaudited)
|
| |
(unaudited)
|
| |||||||||
Total other comprehensive (loss)/
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Income
|
| | | | (124,374) | | | | | | (20,786) | | | | | | (168,340) | | | | | | 137,596 | | | | | | 21,311 | | | | | | (103,065) | | | | | | (188,856) | | | | | | (29,250) | | |
Total comprehensive loss
|
| | | | (5,145,548) | | | | | | (9,659,765) | | | | | | (11,463,992) | | | | | | (5,166,486) | | | | | | (800,187) | | | | | | (2,971,527) | | | | | | (1,227,074) | | | | | | (190,049) | | |
Accretion on convertible
redeemable preferred shares to redemption |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Value
|
| | | | (2,576,935) | | | | | | (13,667,291) | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Accretion on redeemable
non-controlling interests to redemption value |
| | | | — | | | | | | (63,297) | | | | | | (126,590) | | | | | | (311,670) | | | | | | (48,272) | | | | | | (63,122) | | | | | | (4,496,164) | | | | | | (696,367) | | |
Net loss attributable to
non-controlling interests |
| | | | 36,440 | | | | | | 41,705 | | | | | | 9,141 | | | | | | 4,962 | | | | | | 769 | | | | | | 900 | | | | | | 145 | | | | | | 22 | | |
Comprehensive loss attributable to
ordinary shareholders of NIO Inc |
| | | | (7,686,043) | | | | | | (23,348,648) | | | | | | (11,581,441) | | | | | | (5,473,194) | | | | | | (847,690) | | | | | | (3,033,749) | | | | | | (5,723,093) | | | | | | (886,394) | | |
Weighted average number of
ordinary shares used in computing net loss per share |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic and diluted
|
| | | | 21,801,525 | | | | | | 332,153,211 | | | | | | 1,029,931,705 | | | | | | 1,182,660,948 | | | | | | 1,182,660,948 | | | | | | 1,046,063,586 | | | | | | 1,557,911,888 | | | | | | 1,557,911,888 | | |
Net loss per share
attributable to ordinary shareholder |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Basic and diluted
|
| | | | (346.84) | | | | | | (70.23) | | | | | | (11.08) | | | | | | (4.74) | | | | | | (0.73) | | | | | | (2.80) | | | | | | (3.55) | | | | | | (0.55) | | |
| | |
For the Year Ended December 31,
|
| |
For the Six Months Ended June 30,
|
| | ||||||||||||||||||||||||||||||||||||||||||||
|
2017
|
| |
2018
|
| |
2019
|
| |
2020
|
| |
2020
|
| |
2021
|
| | ||||||||||||||||||||||||||||||||||
|
RMB
|
| |
RMB
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| |
RMB
|
| |
RMB
|
| |
US$
|
| | ||||||||||||||||||||||||||||
| | | | | | |
(in thousands, except for per share data)
|
| ||||||||||||||||||||||||||||||||||||||||||||
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(unaudited)
|
| |
(unaudited)
|
| |
(unaudited)
|
| | |||||||||||||
Cost of Sales
|
| | | | — | | | | | | 9,289 | | | | | | 9,763 | | | | | | 5,564 | | | | | | 862 | | | | | | 2,204 | | | | | | 12,044 | | | | | | 1,865 | | | | ||
Research and development expenses
|
| | | | 23,210 | | | | | | 109,124 | | | | | | 82,680 | | | | | | 51,024 | | | | | | 7,903 | | | | | | 19,599 | | | | | | 119,286 | | | | | | 18,475 | | | | ||
Selling, general and administrative expenses
|
| | | | 67,086 | | |