Written by Cláudio Afonso | [email protected] | LinkedIn | X
Baillie Gifford has been one of the biggest supporters from the Chinese EV manufacturer Nio. Or, better saying, it was until this Wednesday. Today, Baillie Gifford submitted a filing to the Securities and Exchange Commission (SEC), providing an update on its holdings as of the first quarter’s conclusion. The filing revealed the sale of 96,011,757 shares of the EV manufacturer.
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In their previous filing on January 26th, the firm had reported owning 114,924,231 shares indicating that slashed its position in the company between late January and the end of march from 114,924,231 to 18,912,474 shares — a decrease of 83.54 per cent.
The firm started investing in Nio shares shortly after the IPO in late 2018. At the time, Baillie Gifford added 85,297,388 shares reaching an ownership percentage of the company of 11.44 per cent.
Since late 2018, the firm had sold shares three times and bought another three. This time, Baillie Gifford cut its ownership percentage from 5.97 per cent to 0.98 per cent. Nio shares are trading 49.1 per cent lower since January 1st and have reached yesterday a new three year low at $4.36 per share.
| File Date | Effective Date | Form | Prev Shares | Latest Shares | ΔShares (%) | Ownership (%) | Ownership (%) |
|---|---|---|---|---|---|---|---|
| 2024-04-04 | 2024-04-04 | 13G/A | 114,924,231 | 18,912,474 | -83.54 | 0.98 | -83.58 |
| 2024-01-26 | 2024-01-26 | 13G/A | 121,349,694 | 114,924,231 | -5.29 | 5.97 | -25.09 |
| 2023-01-23 | 2023-01-23 | 13G/A | 88,858,365 | 121,349,694 | 36.57 | 7.97 | 26.91 |
| 2022-01-27 | 2022-01-27 | 13G/A | 107,907,768 | 88,858,365 | -17.65 | 6.28 | -24.79 |
| 2021-01-29 | 2021-01-29 | 13G/A | 101,370,431 | 107,907,768 | 6.45 | 8.35 | -36.41 |
| 2020-01-17 | 2020-01-17 | 13G/A | 84,926,755 | 101,370,431 | 19.36 | 13.13 | 18.93 |
| 2019-02-05 | 2019-02-05 | 13G/A | 85,297,388 | 84,926,755 | 11.04 | ||
| 2018-10-09 | 2018-10-09 | 13G | 0 | 85,297,388 | 11.44 |
Earlier today, Nio‘s CEO William Li welcomed Jean Todt, the former head of the Scuderia Ferrari Formula One team and the former president of the FIA, to Shanghai. Together, they visited the NIO House at the Shanghai Tower and tested the company’s battery swap technology at one of the power swap stations in the Chinese city.
On Wednesday, the company commenced the large-scale production of the 150-kWh semi-solid-state battery which is expected to officially launch in China in the second quarter as previously communicated by the EV manufacturer.
According to Nio‘s user manual, the new 150-kWh pack weighs 575 kg, representing a 20 kg increase compared to the 100-kWh pack. The 150kWh Ultra Long Range battery is compatible with NIO’s entire range of smart EVs and can be charged, swapped or upgraded as part of a Service subscription model using one of NIO’s Power Swap stations.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
