NIO Inc.

9866
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.

Stock Information
Name NIO Inc.
Ticker 9866
Main Business Auto Manufacturers
Type Common Stock
Industry Auto Manufacturers
Country HK
Market Cap $19.72 B

Shariah Analysis Breakdown

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 $0.0 0.00% (passed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $663,865,546.2 3.37%
short term borrowing $712,885,154.1 3.61%
long term bank loan $1,826,330,532.2 9.26%
Total Interest-Bearing Debt $3,203,081,232.5 16.24%
Market Capitalization $19,721,025,641.0 100.00%
Compliance Status Threshold: 33% passed