Acording to SEC, Originalwish Limited, the company founded by Nio’s CEO, bought today another 3 Million shares ($68 Million) having now a total of 177,467,776 shares. The company has currently a 10.40% stake in Nio being on the Top-3 of Institutional Owners among Tencent and Baillie Gifford. The info was firstly posted by Marcel Munch on his Twitter account.
Originalwish is incorporated in British Virgin Islands and beneficially owned by William Li. During Nio’s IPO process, Li promised to donate 50 million of his shares “at an appropriate time in the future” and retain his voting power.
Born in 1974, Li rose to fame after he founded Bitauto E-Commerce Co. Ltd., a provider of internet content and marketing services for China’s automotive industry, in 2000. The success of Bitauto, which employs more than 3,000 people and covers 340 cities in China, led Li to be referred to in his country as the “godfather of the transport sector.” The entrepreneur is also a chair at ride-sharing service Dida Chuxing and was one of the first major investors in bike-sharing platform Mobike Technology Co. Ltd.
Check SEC’s filling here:
The Chinese EV maker Nio reached today a new 52-week-low at $22.53 during Jerome Powell speech regarding FED’s meeting. Despite the recent catalysts, share price is currently 60.09% down in the last 12 months and 28% down year to date.
Nio’s share price reach its All-Time-High on January 2021 at $66.99. At the time, Nio held the NIO Day 2020 and released a new Sedan Model, the NIO ET7. The stock had an amazing year of 2020 (even with the Covid-19 pandemic effects) but has been struggling since then.
On January 22th, 2022, NIO’s founder, William Li, and Manager of NO Norway, Marius Hayle, gathered with 20 Nio users for a conversation. William Li provided a lot of new information during these session regarding the ET7 and ET5 Models, Nio Navigation, Nio Operating System and the ES8 Update.
The company revealed that the ET7 Model — announced last year during NIO DAY 2020 — will arrive to Norway during Q4. It was also announced that the new ET5 Model, with 1,000km range, will be available in Norway (and several other global markets) during the Spring of 2023.
Last week, Nio officially opened its first European Battery Swap Station, located in Norway – the first European Country for the Chinese EV maker. By the end of 2022, Nio will have Stations in five different Norwegian cities, with a total of 20 for the Norwegian customers.