Nio had 26,763 full-time employees at the end of 2022, including 26,366 in China and 397 overseas.
Since its inception in 2014, all of Nio’s (NYSE: NIO) employees have owned stock in the electric vehicle (EV) maker, according to its 2022 ESG (Environmental, Social and Governance) report.
“Nio has achieved 100% shareholding by all employees every year since the establishment of the company until the end of 2022,” the company wrote in the report, which was released on September 25.
Nio implements an employee stock ownership plan to stimulate employees’ enthusiasm, creativity, and sense of belonging, the company said.
The plan strengthens the connection between employees and the company, continuously promotes its innovation and development, and enables employees to share the company’s returns, said the ESG report.
“We are committed to achieving a value driven organization, fostering mutual growth and prosperity with our employees,” Nio’s ESG report reads.
At the end of 2022, Nio had 26,763 full-time employees, of which 20,609 were male and 6,154 were female, according to the report.
There were 16,858 employees who were aged 31-50, 9,713 who were 30 and below and 192 who were 51 and above.
At the end of last year, Nio had 26,366 employees in China and 397 overseas, according to the report.
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
