$NIO Inc (NIO.US)$ Another money burning project on the way,...
$NIO Inc (NIO.US)$ Another money burning project on the way, a whole new power swap network. Mark my word , NiO is not going to earn a single penny for next 5 years. https://cnevpost.com/2024/07/01/nio-firefly-dedicated-swap-stations/
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CoolWaterCoolWater : They can see NIO Cash Burners.
TWP PaPa : Firefly is super cheap and much smaller even cheaper than Onvo, like the car price of Tata car and can sell much more maybe like 50k to 100k per month? Those luxury cars will need to wait for a swap if firefly enters using the same swaps.... It is better to have another swap, same build as the RnD already has the design but storage of a smaller battery.... "plug and drop on the land."..
just like iPhone have differences in size 15s, 15, 15pro, 15pro max. You cannot put a high end and low end sharing same swap.. You need a to calculate capacity usage...
https://www.cardekho.com/tata/tiago-ev/price-in-new-delhi
VIVEK SURANA OP TWP PaPa : It will be super cheap and won't have any profit. NiO is losing money on such expensive cars, how it will make moneybon such a cheap car.
TWP PaPa VIVEK SURANA OP : how Tata become rich and take over air india if they also sell cheap cars in India?Air India almost goes bankrupt if not helped by Tata and SIA?
VIVEK SURANA OP TWP PaPa : You have no idea about TATA . Tata doesn't only sell cars , selling cars is less than 5% of TATA's over all business . Unlike NiO TATA has the same showroom and service center for cheap and expensive cars.
TWP PaPa : you U go, Nio don't sell cars, it sells energy, coffee and sustainability.....Now you know why Tata are so rich and working with SIA..
VIVEK SURANA OP TWP PaPa : And make losses on all of them and use investors money while Tata earn money from one segment and reinvest to expand buisness.
TWP PaPa VIVEK SURANA OP : u think Tata make profit at first? You need to think differently to be a millionaire. If everyone thinks alike, everyone will be rich and no one will get a job and start investing..
Winner takes all : at least their coffee business making money, perhaps?