Partners paying and Nio reducing expense cost also record high sales of 20k
The company has ramped up strategic partnerships with automakers such as Chang'an and Geely for its battery swapping business. Nio said that as of Aug. 20, it has installed more than 23,000 charging stations and at least 2,480 battery swap stations. It has completed more than 51 million battery swaps to date.21 Aug 2024
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VIVEK SURANA : Dont spread fake news. strategic partnerships doesn't mean they are paying. Is there any credible report that says how much money partners have invested?
TWP PaPa OP VIVEK SURANA : companies will establish a long-term, stable strategic partnership in areas including the establishment of battery technology standards, the development of battery swap-enabled models, battery asset management and operation, the construction and operation of charging and battery swap networks, and procurement related to the battery industry, according to Nio's statement.
TWP PaPa OP : Are you nervous Nio share price going up?
VIVEK SURANA TWP PaPa OP : Just hollow statements and no numbers by NiO. CATL is entering into the business. CATL has its own batteries so overall battery cost will be low. CATL is profit making and has a lot of capital to invest, they will eat up whole of NiO's swap buisness.
TWP PaPa OP VIVEK SURANA : why don't you short at 3.98.
VIVEK SURANA TWP PaPa OP : Whenever you have nothing to say, just start talking about shorting![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
TWP PaPa OP VIVEK SURANA : haha...why are you here then?
Figgy1million VIVEK SURANA : they've made many agreements with numerous brands to use their charging network. That's daily cash for NIO. All swap partner contracts are confidential, but once the genie of out of the bottle, beware
VIVEK SURANA Figgy1million : This is just peanuts. Total revenue from energy business is 3% and energy buisness itself is loss making.