Announcement of financial report, analysis of current situation of NIO and ideal survival

NIO Automobile's 2020 financial report, as the domestic new energy vehicle company that has repeatedly jumped on the edge of bankruptcy, recently released the unaudited fourth quarter of the 2020 fiscal year and the full year as of December 31, 2020. financial report. Among them, the automobile sales of NIO Automobile in the fourth quarter of 2020 were 6.174 billion yuan, an increase of 130.0% compared with the fourth quarter of 2019, and an increase of 44.7% compared with the third quarter of 2020. The net loss was 5.304.1 billion yuan, a sharp drop of 53% year-on-year. In terms of average sales price, an average increase of about 10,000 yuan (USD $1429) per car, in addition to a small improvement in materials and other costs. In the fourth quarter of 2020, Ideal Car delivered a total of 14,464 Leading Ideal ONEs, an increase of 67.0% from the previous quarter, setting the best quarterly record since the delivery in December 2019, and the total number of deliveries in 2020 was 32,624. In the end, as of the end of 2020, the total reserve fund of Ideal Auto has reached 29.87 billion yuan.