The company limited preorders of the first batch of Nio ES8 to 10,000 vehicles. About 8,000 vehicles were preordered through its website, according to sources familiar with the matter.
The company unveiled its first Made-in-China electric car for Chinese customers at the show. The Sylphy Zero Emission, with a drive range of 338 kilometers, will go on sale in the second half of this year, the company said.
The company monetizes primarily through the sale of virtual items, provision of various forms of online marketing services, and commissions from e-commerce sales on the platform. It is actively developing additional monetization opportunities to diversify revenue streams through online games, online knowledge-sharing and other products and services.
The company lately announced it will offer a maximum annual salary of 2 million yuan for some top graduates of 2019.
The company, known in Asia as "Tiger Brokers," trading under the ticker symbol of "TIGR," announced its IPO of 13 million American depositary shares (ADSs), each representing 15 Class A ordinary shares, at a price to the public of per ADS.
The company, which is part of Omnicom Group, officially launched its service platform, named China Desk global network on its 45th anniversary.
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The company on Thursday reported its latest quarterly revenue of .28 billion, 5 percent higher than the same period in 2017. The reading edged out the .6 billion expected in an analyst survey by Refinitiv.
The company said it does not intend to search for an alternative site for its second headquarters, but it will continue its headquarters plan in Arlington, a suburb of the capital Richmond, and push forward with the construction of a new operation center in Nashville in the state of Tennessee.
The company said its current raw material inventory can meet its production needs, but the supply of some materials may be delayed for a short period of time due to the delayed resumption of work by suppliers and logistics blockages.
The company said that between March 20 and April 30 it offered free engine oil to a total of 10,884 assisting medical professionals.