Dragon Fish : This is 2024 fair value. Not 2025 fair value.

Dragon Fish VIVEK SURANA OP : Don't write off Nio too early. Nio is doing better and better in the coming Qtrs but at a slower pace at the beginning. Nio is facing production constraints due to capacity issues at the moment. Nio needs to juggle the production between Onvo and Nio models. Whenever Onvo production is up it will affect Nio production delivery.  By 3rd Qtr F3 is ready then the main capacity constraint will be resolved. Only hope is the sales team can work harder to get more sales number from the new models launched later. Firefly is coming with a much cheaper price and will be one of the star performances like Onvo or not. This one has to wait after the launching and see the market response and order numbers.

Dragon Fish VIVEK SURANA OP : I am not interested in the Nio past history. I am looking forward not backward looking. CEO said Nio capacity is 30k. Until now you can see Nio only delivered 21k per month record. Now the Onvo President is so confident can churn out 20k for Onvo so left 10k for Nio and Firefly only. Cannot be 20k Onvo and 1k for Nio models only right.  See this month Nio can churn out 10k Onvo or not first.

Dragon Fish : Dim light only. No spotlight now. Need to wait a little bit longer. Probably the month end will have a brighter light.  

Dragon Fish : As expected Shorties will not allow the price to go too high from the middle ground.

Dragon Fish : Did Jefferies say Nio will be bankrupt soon? No.

Dragon Fish : Are you a qualified Financial Analyst ? I am not so unable to count the FA will be bankrupt soon.

Dragon Fish Cui Nyonya Kueh OP : I said I am not a qualified Financial analyst so unable to count Nio FA will be bankrupt soon like you are. Don't spin my word.

Dragon Fish : I only use common sense say Nio wont go bankrupt so easily bcos Nio has 2 governments investment lifeline can tap into if needed more funds in the future.

Dragon Fish : Nio has recently received significant government-backed funding from the Hefei municipal authorities in Anhui Province, China. In September 2024, a consortium of investors supported by the Hefei government provided Nio's subsidiary with 3.3 billion yuan (approximately $471 million). This funding is intended to boost Nio's development of new products and technologies. Additionally, the Hefei government has been a long-term supporter of Nio, which operates two factories in the city【7】【9】.
Beyond local funding, Nio and other electric vehicle (EV) manufacturers in China benefit from national government initiatives, such as subsidies for EV purchases, infrastructure expansion for charging and battery-swapping, and supply chain stabilization. These efforts align with China's broader push to increase EV adoption as part of its green development goals.

Dragon Fish : Whether it hit or not. You still need to sleep. But I dont think the shorties will let it happen.

Dragon Fish VIVEK SURANA : See this month promotional sales can breakout from the stagnant sales or not.

Dragon Fish : What revenue can be generated from this JV?

Dragon Fish : So 2025 Nio will install more than a total of 1500 new swap stations? If that is the case it will exceed 4000 stations already?

Dragon Fish : 4) Dont even start it is the best answer. No one gets burnt.