China Luxury EV market $NIO Inc (NIO.US)$[Share Link: - Yo...
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Teck Wang Pang PaPa OP : Nio CEO had said Europe swaps is also a energy storage for locals too and it makes profits.
74216494 Teck Wang Pang PaPa OP : How many, sorry, how few swap stations in Europe ? And how many NIOs sold to non-employee buyers ??? Total flop and waste of money. The optimism to sell NIOs in Europe is higlighted by the fact, that 3rd factory NOT to be built in Europe, to avoid tariffs.
103484522 : third factory is sell to china first .Europe have super low order why build in euorpe when sell less than 50 a month .aito and li auto sell 40k a month in China why go to Europe for peanut sales. does not even justify to build factory in europe high labor cost and European like to strike that why many European manufacturing in China instead
103484522 : nio one month sales equivalent to nio sell ev in europe for 33 years.ceo like to show off build expen 6 storey nio house in europe but losing massive cash every month to show off .
Teck Wang Pang PaPa OP 103484522 : did you watch what the CEO said about swap profits?
74216494 103484522 : Peanut sales ... correct. Then why to rent NIO houses in best locations, for horrible prices, at all ? Just to offer free coffee, and free drinks ? Build 3rd factory in EU to avoid tariffs and save on transportation; build factory in low cost country, i.e. Turkey. Or, even better, in Bulgaria. Because of low labor costs AND within EU AND to get incentives for development of low income EU country AND to get incentives for new jobs.
74216494 Teck Wang Pang PaPa OP : Which profits ?