XML 71 R36.htm IDEA: XBRL DOCUMENT
v3.23.1

Parent Company (the "Company") Only Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Parent Company (the "Company") Only Financial Information |
Parent Company (the "Company") Only Financial Information | 29. Parent Company (the “Company”) Only Financial Information The Company performed a test on the restricted net assets of its consolidated subsidiaries and VIEs in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial information for the Company only. The subsidiaries did not pay any dividends to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with U.S. GAAP have been omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company. The Company did not have significant capital and other commitments, or guarantees as of December 31, 2022. Condensed Balance Sheets ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ |  | 2021 |  | 2022 |  | 2022
​ | ​ | RMB | ​ | RMB | ​ | US$
​ | ​ | ​ | ​ | ​ | ​ | Note 2(e)
ASSETS |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  | 2,207,347 | ​ | 7,076,550 | ​ | 1,026,003
Restricted cash | ​ | 1,123,596 | ​ | — | ​ | —
Short-term investments | ​ | 11,495,387 | ​ | 696,460 | ​ | 100,977
Amounts due from subsidiaries of Group | ​ | 138,415 | ​ | 6,657,631 | ​ | 965,266
Amounts due from related parties |  | 80 | ​ | 87 | ​ | 13
Prepayments and other current assets |  | 91,252 | ​ | 114,263 | ​ | 16,567
Total current assets |  | 15,056,077 | ​ | 14,544,991 | ​ | 2,108,826
Non-current assets: |  | ​ | ​ | ​ | ​ | ​
Investments in subsidiaries and VIEs |  | 30,541,632 | ​ | 21,328,304 | ​ | 3,092,313
Total non-current assets |  | 30,541,632 | ​ | 21,328,304 | ​ | 3,092,313
Total assets |  | 45,597,709 | ​ | 35,873,295 | ​ | 5,201,139
LIABILITIES |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
Amounts due to subsidiaries of the Group |  | 25,348 | ​ | 1,775,951 | ​ | 257,489
Current portion of long-term borrowings | ​ | 1,228,278 | ​ | — | ​ | —
Accruals and other liabilities |  | 179,765 | ​ | 73,580 | ​ | 10,668
Total current liabilities |  | 1,433,391 | ​ | 1,849,531 | ​ | 268,157
Long-term borrowings | ​ | 9,440,625 | ​ | 10,155,599 | ​ | 1,472,423
Deferred revenue |  | 13,769 | ​ | — | ​ | —
Total non-current liabilities |  | 9,454,394 | ​ | 10,155,599 | ​ | 1,472,423
Total liabilities |  | 10,887,785 | ​ | 12,005,130 | ​ | 1,740,580
SHAREHOLDERS’ EQUITY |  |  |  |  |  |
Class A Ordinary Shares |  | 2,418 | ​ | 2,668 | ​ | 387
Class B Ordinary Shares |  | 220 | ​ | — | ​ | —
Class C Ordinary Shares |  | 254 | ​ | 254 | ​ | 37
Treasury shares |  | (1,849,600) | ​ | (1,849,600) | ​ | (268,167)
Additional paid in capital |  | 92,467,072 | ​ | 94,593,062 | ​ | 13,714,705
Accumulated other comprehensive loss |  | (276,300) | ​ | 1,036,011 | ​ | 150,208
Accumulated deficit |  | (55,634,140) | ​ | (69,914,230) | ​ | (10,136,611)
Total shareholders’ equity |  | 34,709,924 | ​ | 23,868,165 | ​ | 3,460,559
Total liabilities and shareholders’ equity |  | 45,597,709 | ​ | 35,873,295 | ​ | 5,201,139
​ Condensed Statements of Comprehensive Loss ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year ended December 31,
​ |  | 2020 |  | 2021 |  | 2022 |  | 2022
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Note 2(e)
Operating expenses: |  |  |  |  |  |  |  |
Selling, general and administrative |  | (7,463) | ​ | (4,735) | ​ | (24,039) | ​ | (3,485)
Total operating expenses |  | (7,463) | ​ | (4,735) | ​ | (24,039) | ​ | (3,485)
Loss from operations |  | (7,463) | ​ | (4,735) | ​ | (24,039) | ​ | (3,485)
Interest and investment income |  | 10,086 | ​ | 61,292 | ​ | 207,057 | ​ | 30,020
Interest expense |  | (312,662) | ​ | (471,270) | ​ | (113,277) | ​ | (16,424)
Gain on extinguishment of debt | ​ | — | ​ | — | ​ | 138,332 | ​ | 20,056
Equity in loss of subsidiaries and VIEs |  | (5,089,371) | ​ | (3,632,893) | ​ | (14,138,689) | ​ | (2,049,917)
Other income/(loss), net |  | 100,290 | ​ | 61,876 | ​ | (351,874) | ​ | (51,016)
Loss before income tax expense |  | (5,299,120) | ​ | (3,985,730) | ​ | (14,282,490) | ​ | (2,070,766)
Income tax expense |  | — | ​ | — | ​ | 2,400 | ​ | 348
Net loss |  | (5,299,120) | ​ | (3,985,730) | ​ | (14,280,090) | ​ | (2,070,418)
Accretion on redeemable non-controlling interests to redemption value |  | (311,670) | ​ | (6,586,579) | ​ | (279,355) | ​ | (40,503)
Net loss attributable to ordinary shareholders of NIO Inc. |  | (5,610,790) | ​ | (10,572,309) | ​ | (14,559,445) | ​ | (2,110,921)
Net loss | ​ | (5,299,120) | ​ | (3,985,730) | ​ | (14,280,090) | ​ | (2,070,418)
Total comprehensive loss | ​ | (5,161,524) | ​ | (4,196,578) | ​ | (12,967,779) | ​ | (1,880,150)
Accretion on redeemable non-controlling interests to redemption value | ​ | (311,670) | ​ | (6,586,579) | ​ | (279,355) | ​ | (40,503)
Comprehensive loss attributable to ordinary shareholders of NIO Inc. | ​ | (5,473,194) | ​ | (10,783,157) | ​ | (13,247,134) | ​ | (1,920,653)
​ Condensed Statements of Cash Flows ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For The Year ended December 31,
​ |  | 2020 |  | 2021 |  | 2022 |  | 2022
​ | ​ | RMB | ​ | RMB | ​ | RMB | ​ | US$
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Note 2(e)
CASH FLOWS FROM OPERATING ACTIVITIES | ​ | ​ | ​ | ​ |  |  |  |
Net cash used in operating activities | ​ | (2,460,216) | ​ | (8,697) | ​ | (4,949,308) | ​ | (717,582)
CASH FLOWS FROM INVESTING ACTIVITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash (used in)/provided by investing activities | ​ | (12,998,602) | ​ | (40,770,898) | ​ | 9,140,766 | ​ | 1,325,286
CASH FLOWS FROM FINANCING ACTIVITIES | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by/(used in) financing activities | ​ | 37,867,127 | ​ | 22,382,871 | ​ | (1,135,316) | ​ | (164,605)
Effects of exchange rate changes on cash and cash equivalents | ​ | (246,484) | ​ | (445,787) | ​ | 689,465 | ​ | 99,963
NET INCREASE/(DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | ​ | 22,161,825 | ​ | (18,842,511) | ​ | 3,745,607 | ​ | 543,062
Cash, cash equivalents and restricted cash at beginning of the year | ​ | 11,629 | ​ | 22,173,454 | ​ | 3,330,943 | ​ | 482,941
Cash, cash equivalents and restricted cash at end of the year | ​ | 22,173,454 | ​ | 3,330,943 | ​ | 7,076,550 | ​ | 1,026,003
​ ​ Basis of presentation The Company’s accounting policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries and VIEs. For the company only financial information, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Balance Sheets as “Investments in subsidiaries and VIEs” and shares in the subsidiaries and VIEs’ loss are presented as “Equity in loss of subsidiaries and VIEs” on the Statements of Comprehensive Loss. The parent company only financial information should be read in conjunction with the Group’s consolidated financial statements.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration