$NIO Inc (NIO.US)$ Xpeng sold the Mona M03 at a lower than e...
Xpeng sold the Mona M03 at a lower than expected price. This paid off when it got 30,000 firm orders within 48 hours. Similarly, Nio may be reducing the launch price of the Onvo to get a good response.
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VIVEK SURANA : That may be because they didn't get a good response during the prebooking period.
SoundOfMusic : It might not just be a lower price to get a good response.
It's the mass adoption price point that Mona M03 hit and got a good response.
L60 is nowhere near, still too high when lower.
bullrider_21 OP VIVEK SURANA : No, the lower pricing is a marketing strategy to get a higher delivery.
VIVEK SURANA bullrider_21 OP : How to get higher delivery if the capacity is only 10k. NiO mentioned F3 will start production in 3rd quarter next year, so till then NiO can not produce more than 10 k ONVO per months.
bullrider_21 OP VIVEK SURANA : Nio's F2 plant has already started double-shift production.
VIVEK SURANA bullrider_21 OP : That double shift will only enable 10k delivery. With a single shift, NiO can only deliver a 20k car for the parent brand. NiO spent too much money on useless projects. If NiO had built more capacity, it could have been profitable by now.