At least the CEO comes out to explain.
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102332870 : So u see what happens when u retract the incentives, u see significant reduction in order, and come Nov, increase the incentives against and has to eat back his own words.
TWP PaPa OP : if not wrong he is doing some tests on the 2 last week..orelse Nio and Onvo sure hit 25k or above.
the last 4 days Nio delivered fewer cars than just one day sales..which is impossible unless prices really go up a lot.
If not you try to calculate the licence registration which should be less than deliveries. 45O0, 4200, 4700, 3900..and...next drop so much..
Dragon Fish : Cannot be every month also have promotion right? Oct no promotion so profit will be maintained. Earned extra 100m yuan (usd14m) is very good in one month. XPeng and Xiaomi probably lose another 100mil yuan each in Oct alone.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
VIVEK SURANA : Basically ONVO will kill the NiO brand. people are getting a very good cars at such a cheap price and battery swap. so Why would someone buy costly NiO car, people were mainly buying NiO due to swap facility as there was no alternative.
Dragon Fish VIVEK SURANA : No really. Not all buying cheaper model. Some prefer luxury model as Chinese still have a lot of rich people ok. Those still prefer swap battery EV models that will buy the Nio brand.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
VIVEK SURANA Dragon Fish : you can check the sells of costly ES8 model its veryy less, people are mostly buying the cheap ES6 and ET5.
Dragon Fish 102332870 : Doing sales promotion is like that. Year end sales Nio has to fight the other EV makers promotion in order to win back the customers.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dragon Fish VIVEK SURANA : Nio brand is good bcos swap battery facilities available in China wide within 3 km radius can replace the battery. Nio has the advantage to capture those prefer fast and hassle free swap battery EV.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
TWP PaPa OP VIVEK SURANA :
...onvo no Nomi Ai, intelligent mechanism system
TWP PaPa OP VIVEK SURANA : you are back, when Nio is down!
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