Written by Cláudio Afonso | info@claudio-afonso.com
On Wednesday morning, the EV maker NIO posted on LinkedIn a new job vacancy for a General Manager to lead the P&L and drive business growth in United Kingdom. Among the key responsabilities, the candidate will “help to define and be in charge for execution of the UK Market strategy”. This new vacancy comes after Nio posted 8 new job vacancies last week in London (England) suggesting that it can be its next European Market after the already announced Sweden, Denmark, Germany and The Netherlands.
“NIO is now looking for General Manager to lead the P&L and drive business growth in UK. You will be the key person developing our organization and business and we will very much rely on your current expertise and knowledge to secure our success. NIO is extremely user centric since our users are the only thing that makes us successful and motivates us to invent new products.”
The key Responsibilities mentioned by NIO for the position:
- Be ultimately accountable for the health of our UK user community on the ground.
- expand and deepen a sustainable user relationship, and be responsible for user experience and satisfaction.
- Help define and be in charge for execution of the UK market strategy.
- Anticipate the key priorities to succeed with premium user experience and ensure delivery of priorities.
- Execute the Go to Market strategy and be responsible for the achievement of comprehensive operations across multiple disciplines.
- Manage budget and P&L as well as user growth, user engagement, user satisfaction, revenue, cost & margin.
- Prepare board recommendation based on expert insight and data incl. latest market trends & dynamics, local player activities, pricing, EV market evolution, benchmarking etc.
- Regularly review, report and upgrade local user experience, and sales and service progress.
- Build and lead the local, diverse and multidisciplinary team of talents and change makers.
- External representation of NIO and our community on the ground in front of media and key stakeholders.
- Lead with vision, empathy and humility and grow the next generation of leaders in the company.
On Tuesday, the company said that it will report its fourth quarter and full year 2021 unaudited financial results on Thursday, March 24, 2022, after the close of the U.S. markets. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on March 24, 2022 (9:00 AM Beijing/Hong Kong Time on March 25, 2022). A live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.nio.com/news-events/events.
NIO announced yesterday that delivered 6,131 vehicles during February 2022. February deliveries are often affected by the Chinese Spring Festival Hollidays where the factories usually close from January 31st to February 6th.
During the production suspension of the NIO-JAC manufacturing plant in the Spring Festival holiday from January 31 to February 6, 2022, the Company adjusted the production lines to prepare for the delivery of ET7 in March 2022.
On February 28, 2022, the Company received a letter of in-principle approval from the Stock Exchange of Hong Kong Limited (the “SHEK”) for the secondary listing of its Class A ordinary shares by way of introduction on the Main Board of the SEHK with the trading expected to commence on March 10, 2022.
Deustche Bank analyst Edison Yu released on Monday a note reiterating Nio’s Buy rating and the $70 price target, representing an upside of 206% for the next 12 months. The analyst believes that the secondary listing should put away the delisting fear for the Chinese Ev manufacturer.
On Monday, Bernstein analyst Eunice Lee reiterated a Market Perform rating and $40.00 price target (down from $45) on NIO after the company unveiled that is set to offer its shares for trading in Hong Kong as soon as March 10th.
Lee sees the latest move as a positive step towards eliminating the delisting risks concerning ADRs on American Exchanges. After Hong Kong and Singapore, the analyst sees potential for Nio to be traded on Shanghai stock exchange in the future.
The company announced recently the opening of its new NIO House located in Yueqing Bay, Zhejiang Province in eastern China. The Chinese EV maker has currently 44 Nio Houses across the globe and opened its first European one in September 2021 located in Oslo (Norway) — the country with the highest EV penetration.
Last week, NDS (Navigation Data Standard) Association announced the Chinese EV maker Nio as their new member. Martin Schleicher, NDS Chairman, describes Nio as a “strong Asian partner” that has a “future vision”. NDS offers a well-defined spec for how to store map data and it allows flexibility for customized user experiences. Its maps work worldwide and are globally adopted.
Written by Cláudio Afonso | info@claudio-afonso.com