Securities Commission Malaysia

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NIO Inc.

9866
Shariah Status:
Passed

Company Overview

NIO is a pioneer and leader in the high-end smart electric vehicle market. Established in November 2014, NIO's mission is to create a pleasant lifestyle for users. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, cooperates in the manufacture and sale of high-end smart electric vehicles, and promotes next-generation technological innovation in autonomous driving, digital technology, electric powertrains, and batteries. NIO stands out through continuous technological breakthroughs and innovations, such as its industry-leading power exchange technology, battery rental service (BaaS), and unique autonomous driving technology and autonomous driving subscription service (ADaaS). NIO launched the seven-seat high-end smart electric flagship SUVES8 in December 2017, and delivery began in June 2018, followed by delivery of the six-seater ES8 in March 2019. NIO launched the high-performance high-end smart electric all-round SUVES6 in December 2018, and delivery began in June 2019. NIO launched the SUVEC6, a high-end smart electric coupe, in December 2019, and delivery began in September 2020. NIO launched the high-end smart electric flagship sedan ET7 in January 2021. Subsequently, NIO launched the ET5, a high-end mid-size smart electric coupe, in December 2021.

Country
HK
Market Cap
$19.72B
Last Fiscal Year
2023
Final Shariah Status
Passed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
0.00% passed
5% Threshold
0.0%
Liabilities Compliance
16.24% passed
33% Threshold
16.2%
Final Shariah Status
Passed

This stock meets all Shariah compliance criteria according to AAOIFI standards.

Business Compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Vehicle sales $45,506,581.0 $0.0 -
Other sales $3,761,980.0 $0.0 -
Change in unrealized gains related to available-for-sale debt securities, net of tax $746,336.0 $0.0 -
Foreign currency translation adjustment, net of nil tax $717,274.0 $0.0 -
Total $50,732,171.0 $0.0 0.00% (passed)
Stock Information
Name NIO Inc.
Ticker 9866
Main Business Auto Manufacturers
Type Common Stock
Industry Auto Manufacturers
Country HK
Market Cap $19.72 B
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