Industry dynamics

All employees hold Nio shares as of year-end 2022, ESG report shows

Publishtime:1970-01-01 08:00:00 Views:22

Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.

Nio's US-traded shares rose a cumulative 94 percent in June and July of this year, but have fallen sharply since August, retracing a cumulative 45 percent. So far this year, Nio has been down 13 percent.

The fall in share price will directly affect employees who hold Nio shares.

At an internal meeting earlier this year, an employee expressed anxiety about the sharp drop in Nio's share price, according to a report by local media outlet 36kr on September 26.

A question that gained a lot of likes at the time was, " Nio's sales are low, the stock price has dropped 50 percent, and I'm losing more money every day in the stock market than I'm making at work, so what should I do? "

Nio founder, chairman, and CEO William Li tried to calm the anxious employee by saying that things will turn around when sales improve, according to the report.

Aside from Nio's management and employees, the company's other investors are mainly from overseas.

As well as being listed in New York, more than three-quarters of Nio's investors come from outside China, Li mentioned in a July interview with the Financial Times.

New report reveals why Nio periodically gets into tricky situations and how it defuses them