$NIO Inc (NIO.US)$ Why NiO is reducing the price of ONVO at ...
$NIO Inc (NIO.US)$ Why NiO is reducing the price of ONVO at launch? does the pre booking number are lower than expected.
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TWP PaPa : They want to kill competition to get bigger market shares.
TWP PaPa : see...they mention wider markets.
VIVEK SURANA OP TWP PaPa : They have a capacity of only 10k how they can get a bigger share?
Kukuujiao : This is normal marketing and pricing strategy for big corporations. Lately Xpeng Mona3 also did the same by having lower pricing during official launching
TWP PaPa VIVEK SURANA OP : slowly...cannot rush..
Dragon Fish TWP PaPa : Cannot be too slow. Burning cash very fast. If keep burning rmb 5bil per Qtr with less than 20% improvement. Next Q3 will be loss rmb4 bil. After that Q4 2024 loss rmb3.2 bil then another Q1 2025 loss rmb2.56 bil. Q2 2025 loss rmb2.05bil. Q3 2025 rmb1.64bil. Q4 2025 loss 1.31bil. Then only 2026 will breakeven right?