Spinee
wrote a post · Dec 4 18:10
How BYD Blocked Onvo’s Production Ramp-up in China
Am I reading this right? So,
$NIO-SW (09866.HK)$ gets held up due to
$BYD COMPANY (01211.HK)$ battery supply issues, which it might have been able to anticipate earlier. For December,
$Contemporary Amperex Technology (300750.SZ)$ will supply 6k to 8k per month. How is Onvo going to reach its 10k goal without once again purchasing from BYD to make up the difference in battery supply? If it does, how can it guarantee it won't face similar supply issues? Or have they already taken delivery of adequate battery supplies this time around?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more2 1
bullrider_21 : As far as I know, Nio and Onvo 's sales are constrained by production capacity until Nio's new factory is ready in Q1 or Q2 next year.