China is a competitive nation!
$NIO-SW (09866.HK)$ there is no place for rubbish with high cost of operation to survive
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安安稳稳过日子 : You are trying really hard aren’t you?
It’s either you are a short or you exited too early and trying to dump a market for a better entry lol.
bullbearnme OP 安安稳稳过日子 : Do your homework before you talk. Dont be lazy!
不要装B : Xiaoding Dang??
Dragon Fish : True also. China is a very competitive country. Everything also wants to be no 1. No doubt the competition is so keen only the fitter survives. That's one big problem many are in the same trade of business until it becomes whether you die or I die only. See who died earlier only. Nio is struggling after so many years even though Nio is considered the early batch in the EV business. Just the luck is not with Nio being caught up by the competitors with a much faster learning curve. Imagine Xiaomi from nowhere suddenly becoming Nio main competitor too.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Huang he : nio inc has the support of the Anhui provincial government,
105322040 : As a businessman my self, I really don’t care how much money I have in the bank. I only care how to invest this money into real asset that can create value and generate cashflow continuously. All the billions is in real tangible assets like infrastructure, Ai , factories , Nio house ( Nio house serve multi faced needs of a Nio user besides car showroom ) and patents, Nio brand is generating huge cashflow now, Onvo will improve this further and with Nio cost optimization and economy of scale next year. We will see the fruit of patience soon.
bullbearnme OP 105322040 : If generating money then why always seek funding. The problem is the revenue and cost of operations is too huge different. It is simple logic. You run business with high expensive cost but cant generate money to overcome the existing expenses. This can kill a business very fast.
bullbearnme OP Huang he : What support? In China you can get any logo to say got support or put name there. You first time know China. I always got cheated with certificates certify product as true. This is very common practice in China
74216494 105322040 : ONVO will improve this further ... When ? "The Leading ZERO" of NIO in the public stated, it needs about 20k-20k L60 to be sold a month, just to break even on this model. And he also offered a production of 20k L60 in March next year. Simply increasing losses. No money left for robotaxi, where other EV-corps jump in, no money left for own factory in EU, where other Chinese EV-corps are starting already, .... Money, spent for French vineyard, atomic research, mobile phone, chips, separate sales channel for ONVO ... instead. Cost optimization next year ... Didn't NIO just fire quite some staff beginning of this year ? NIO had great tech, but terrible management.
bullbearnme OP 74216494 : NIO spending on operations cost is billions usd.
$1,000,000,000 this is figure of 1 billion. Do you think staff can reduce this amount?
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