$NIO Inc (NIO.US)$ Only 3k registration? An affordable and c...
$NIO Inc (NIO.US)$ Only 3k registration? An affordable and cheap battery swap car is suicidal for NiO. The NiO main brand sales are continuously going down after ONVO launch. ONVO will basically kill NiO and with the cheap ONVO car NiO's revenue will go down heavily. https://cnevpost.com/2024/11/12/china-ev-insurance-registrations-week-ending-nov-10-2024/
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TMW1986 : I think got approx 3k of Onvo. Lets see actual. Now never include the number very confusing and hard to determine also.
74216494 TMW1986 : May be. But the main brands models make money; ONVOs generating losses until 20k/week, at least. Whicht MIGHT be March next year. Replacing money making models by loss making ones not a very good idea. However, in case "The Leading ZERO" would have taken car of sufficient production capacity AND flooding the market with cheap, sexy models (like the XIAOMI), instead of wasting money for terrible expensive NIO houses in EU or chip production or mobile phone, the positive effects of mass production combined with strong utilization of the swap stations would have shown up. Fire the CEO.
TMW1986 74216494 : Only Q4 result will know if good or bad. For now really not sure ceo making right decision. Doesnt mean cheap vehciles no margin. Sometime u can sell something for 20cents but u earn 10 cents since your cost is 10 cents. Versus u sell something 1 dollat but your cost 99 cents. I feel going for the highest margin is the way to go.
74216494 TMW1986 : Q4 results will be f... up by sales of money losing L60, and cannibalized sales of profitble NIO main brand. How stupid, and expensive, was the decision to even create separate sales channel for ONVO. Multiple times I already posted here in the past, that it is a very stupid idea. But "The Leading ZERO" is smarter, of course .