NIO Inc.
9866Company 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.
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
This stock meets all Shariah compliance criteria according to AAOIFI standards.
Name | NIO Inc. |
Ticker | 9866 |
Main Business | Auto Manufacturers |
Type | Common Stock |
Industry | Auto Manufacturers |
Country | HK |
Market Cap | $19.72 B |
Shariah Analysis Breakdown
Revenue Segment | Value ($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 | $0.0 | 0.00% (passed) |
Liability Item | Value ($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 |