Middle East is a good old friend of China. Nio into middle east, right move.

102332870 : there is no right or wrong move. As UAE fund is the largest shareholder of Nio, naturally Nio will enter the Middle East through them.

Teck Wang Pang PaPa OP : The Chinese create infrastructure to make life better and travelling easier, Nio also builds infrastructure and power storage, we won't see immediate effect but give it time, Nio are moving.

74216494 Teck Wang Pang PaPa OP : How many potential customers in Middle East ?  And how many in Europe ? The stupid idea of expensive NIO houses in Europe, before any solid foundation in China, and the decision, NOT to build 3rd factory in Europe, to avoid foreseeable tariffs, but in China, only helps NIO on its highway to hell.

VIVEK SURANA Teck Wang Pang PaPa OP : Middle East should also leverage NiO's charity scheme, where it uses investors' money to build infrastructure  and then never earn anything  from it. NiO is already doing a lot of charity in Europe such as Swap Station,  NiO houses,  1100 employees.

Teck Wang Pang PaPa OP VIVEK SURANA : if don't used investors money, then who's money Nio should use?

74216494 : How many potential customers ? (Ignoring the strong competition.) Mediocre production quality at NIO does not help for wealthy clients, used to Mercedes, Audi of BMW quality.

VIVEK SURANA Teck Wang Pang PaPa OP : Earn profit from business and reinvest for growth. 10 year old company, already 6 years from IPO and still burning money and raising  cash every year. CEO dont even dare to say when will NiO breakeven. NiO cars in loss, power swaps in loss, ONVO will also be lose making, not a single segment in buisness is making money.

74216494 VIVEK SURANA : You forgot to mention the free drinks, served in NIO houses in Germany, now. Pathetic. I am used to this from Mercedes for many years already.

GoldDragon : EU battery swap station expansion is also probably hindered by getting the necessary approvals from govt. UAE may be a different ball game..the govt might be the one chasing Nio to setup more swap stations soonest possible.