NIO CEO William Li Interview, NIO says EV maker sold equipment it ordered to Tesla in toughest time

Описание: NIO's CEO William Li Interview, NIO says EV maker sold equipment it ordered to Tesla in toughest time

A person who transferred tens of billions of capital almost lost his company because he had no money. In the most difficult months, Wei Lai sold the production equipment ordered to Tesla's Shanghai factory, and Li Bin checked the cash situation with several executives every night. At that time, almost no investors were willing to help, and some of the earliest institutions that invested in Weilai also emptied Weilai’s stock.

During the trough, it was the owners of Weilai who gave Li Bin the most support and confidence. In the fourth quarter of 2019, Weilai had cash reserves of only RMB 1 billion. At that time, more than 8,000 car owners took the risk of no after-sales in the future, paid and picked up the car, and "sent" more than 3 billion yuan in cash to Weilai.

It is difficult for outsiders to understand that Weilai users are so devoted to this company. At the hardest time, some car owners paid to rent a booth for Weilai to participate in the Macau Auto Show, and some car owners advertised for Weilai on the big screen of the building.

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