$NIO Inc (NIO.US)$ CEO spent so much money in advertising O...
$NIO Inc (NIO.US)$ CEO spent so much money in advertising ONVO L60 and marketing and kept price so low, and now when order are piling up he has no production capacity. Now, people will wait for a couple of months and start canceling their preorder. When new factories come into production in the 3rd quarter next year, L60 will already be a year old model, and the other companies will come with more exciting cars. Exactly same thing happened a couple of year back with ET5 when all the people canceled their pre orders because of huge waiting time. NiO is an innovative company with a superb product portfolio but is run by people who have zero business sense.
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103027647 : just be patient need to wait next year more new version coming out like et6 et9 n firefly
WayneTheBoon : Rubbish stock
VIVEK SURANA OP 103027647 : CEO needs to understand the market demand and plan in advance. He is saying L60 orders are exploding but have no capacity to build cars. people will start canceling their order. NiO can't afford to lose customers like this.
102332870 : did u said the same thing when Xiaomi launch the SU7?
WayneTheBoon 102332870 : This main difference is Xiaomi is cash rich
708136 : The CEO has not learned the lesson.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
VIVEK SURANA OP 102332870 : Xiaomi was entering the market with their first car and still running the double shift with 10 k production. NiO has experience of 10 years and lauched 10 models already. Spent billions of dollars on R&D also.
SWISS_NIO : ONVO is sold out for the rest of the year... The volume is triple of what they expected. Shorts Party is over..
Red Guppy VIVEK SURANA OP : Nio CEO is taking his own sweet time to make an EV by trial and error. That's why he needs 10 years. Xiaomi is different using the other makers past experience to make an EV at a faster pace. Faster learning curve.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Red Guppy 708136 : Ya. I agreed.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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