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$NIO Inc (NIO.US)$ ONVO is unable to make any dent in Xpeng,...

$NIO Inc (NIO.US)$ ONVO is unable to make any dent in Xpeng, Tesla, and Xiaomi's sales. With a cheaper battery swap option, ONVO basically killed the NiO main brand's demand. With the lower ASP and similar overall sales numbers in this quarter, NiO's revenue and margin both will be negatively impacted.
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