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$NIO Inc (NIO.US)$ Updates from earning call. For NiO to bre...
$NIO Inc (NIO.US)$ Updates from earning call. For NiO to breakeven, NiO needs to achieve 30K per month delivery with 20% margin. For ONVO, management is not providing any numbers, just telling that it exceeds expectations that look like just excuses. For powerswap to breakeven, each station needs to do 60 swaps per day. Currently, they are doing 30 swaps per day. For ONVO to breakeven, it needs to sell 20 to 30k cars per month. I guess looking at these numbers, NiO can take about 4-5 years to become profitable.
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103484522 : when 7 partner and onvo start using swap can easily surpass 60 a day .onvo 30k not a problem as will cannibalise sale from tesla ,li auto ,aito,xiaomi etc
CTradingWallet : This is going to be long very long
010010010 OP 103484522 : Management has not even spoken a word about which brand will start using swap and from when? For ONVO, management doesn't even have the guts to provide pre-order numbers.
ZnWC 010010010 OP : Nio Q1 2024 Miss analyst estimate Revenue -42.1% Net Loss up 9.4% YoY
https://www.moomoo.com/community/feed/112569834405898?share_code=0137Lw
103484522 : from nio fantastic sale can see cheaper onvo brand will be a huge hit .this onvo is design to cannibalise sale from model y .more efficient and have swap and much cheaper no brainer that pple will choose this cheaper n 3min swap instead of queue in snow to charge tesla