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nio deliveries
$NIO Inc (NIO.US)$ this month seem to have less registrations in china. but Nio el8 started selling on 22 oct to mena and europe. i suspect a large quantity are exported and margins are higher. hopefully the negotiations in eu goes ok and nio cuts r&d expenses this quarter to show better bottom line
not to worry for onvo i believe. although no data last week but 30k non cancelleable orders. people seem to forget onvo has 100k orders when it is announced. plus it falls into the price range china govt encourage their personnel to buy
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74216494 : Best cost cutting would be to fire "The Leading ZERO" of NIO. R&D expenses: Was very smart of him to invest in own mobile development, in atomic research or a French vineyard. BTW: Does this department of NIO makes a profit, at least ?
nanioohlala OP 74216494 : it does not. it is to boost brand loyalty in which nio is strong in for premium market. in terms of brand loyalty, nio is one of the best but because of high price point, they are not selling much hence onvo. they are also afraid of diluting nio as well. in the future, i think customers more concerned about quality, likes of byd is mass market and has a perception of lower quality but it seemed to work out for them. wonder if nio will start doing normal dealership sales etc