$NIO Inc (NIO.US)$ Nio and Onvo Reg aprox 5600.
$NIO Inc (NIO.US)$ Nio and Onvo Reg aprox 5600.
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invest in good companies and they provided us good returns.
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Louis Looi : awesome
73162089 : So OnVo delivers 1000 cars weekly in October, 5000 cars in whole month as projected by CEO.
Louis Looi 73162089 : yes, CEO projected Onvo monthly production ramp, Oct 5k, Dec 10k, Mar 20k...
安安稳稳过日子 Louis Looi : Yeah it wasn’t never a question about how much orders they have. It’s whether the supply chain can keep up or not
74216494 安安稳稳过日子 : Its not the supply chain itself. It is the bad payment policy of NIO. Paying the suppliers after 300 days is not very encouraging.
Louis Looi 74216494 : how do you know they pay supplier after 300 days? do you have source of your claim?
TWP PaPa OP : The supply chain can cock up, so it is important to have very good relationships with vendors.
CoolWaterCoolWater : No worry about the 300 days payment. Our retirement account only start paying back at 65 years old. And the vendor have never leave the supply chain.