$NIO Inc (NIO.US)$ Q3 report: NIO vs XPENG revenue: $2.6b vs...

Leo88817 : Estimated data?

73162089 OP : NIO sold over 61000 cars in Q3, average price is around RMB350,000 ($48,000) each.

R and R : Nio's problem is not sales or deliveries. Its the amount of money they spent.

73162089 OP R and R : I believe Q3 will show good financial results as NIO spent less on building swap stations during that period. The cost of battery packs dropped significant as well.

R and R 73162089 OP : I doubt so. Their SG&A is going to increase alot due to Onvo launch, opening of hundreds of Onvo stores and hiring of thousands of Onvo sales people. They already spent 1 bil USD on SG&A and R&D combined in Q2. I don't have too much expectation for Q3.

73162089 OP R and R : NIO just use it's downsized technologis to make OnVo cars, no R&D expense needed. OnVo shops are located in cheaper areas, not like NIO House or Space. The cost of rental should be around $50,000 annual.

R and R 73162089 OP : No need to imagine so much. Just look at numbers in the report and you will understand what I'm talking about. I own a ton of nio shares and I still believe in its future. But in the near term, don't expect too much from it. Its still going to burn lots of cash every quarter.