NIO Chairman Li Bin just gave some eye-popping guidance:
"Next month, ONVO will be able to produce 5,000 vehicles, and by December, it will be able to increase production to 10,000 vehicles. By January 2025, it will be able to achieve a production volume of at least 16,000 vehicles, and by March 2025, it will be able to produce 30,000 vehicles per month."
30K per month! That's quite the target. Of course, execution is key and anything we hear now needs to be taken with a grain of salt. The market will be watching these monthly ONVO numbers very closely in 4Q24 and 1Q25.
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Dragon Fish : Why by march 2025 changed from 20k to 30k. Which one is real?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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mvarshney : Don’t propagate fake rumours. It’s 20k by March as shared by Lin.
74216494 mvarshney : Which will still generate losses for L60. "The Lading ZERO" of NIO stated befor, that about 20k-30k L60 per month are required, just to break even.
VIVEK SURANA Dragon Fish : It's not fake news. The numbers are real. 30 k is the addition of ONVO (20k)+ NiO main brand (10k). So while ONVO production will increase, the main brand capicity will decrease. Because even with double shifts, the current production capacity of NiO is only 30k. The capacity will improve after the new plant in the 3rd quarter of 2025.
Dragon Fish VIVEK SURANA : Now the report talks about by march 2025 30k onvo L60. Not total nio and onvo 30k right.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
VIVEK SURANA Dragon Fish : My bad . You are right, this is a fake news. The ONVO target for March 2025 is 20k only.