Weilai's official Weibo account denies bankruptcy rumors: pure rumor

Recently, some self-media revealed that NIO is in the process of bankruptcy liquidation. On the morning of November 14, NIO’s official Weibo account posted a message stating that the self-media rumors about future bankruptcy were pure rumors, and NIO has initiated the corresponding legal procedures.

Although NIO has repeatedly denied that it has any financial and operational problems, according to data from Qichacha, on November 1, 2019, NIO's Beijing-based subsidiary, NIO Automobile Technology Co., Ltd., was listed on the abnormal operation list by the Beijing Economic and Technological Development Zone Branch of the Beijing Municipal Administration for Market Regulation because it "could not be contacted through the registered residence or business premises."

In addition, based on NIO’s Q2 2019 financial report, NIO has lost RMB 40 billion in three and a half years. Since NIO received a strategic investment of RMB 10 billion from Yizhuang State Investment on May 28, 2019, NIO has not raised a penny in six months.

Overall, the biggest problem NIO is currently facing is the problem of losses. Once NIO's financing is successful in the near future, coupled with the hot sales of its two cars, NIO may be able to turn the crisis into safety.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.