Cory2
2023-08-19

$NIO Inc.(NIO)$ BearishOverall (might be bullis for a New York minute[Great] . I'm just waiting for one of these Chinese EV makers to come up with an affordable small hatchback or vehicle that will appeal to lower income earners who currently drive used lower priced petrol engine vehicles. Are all these people going to have to catch public transport when the EV targets are enforced? What about people who live in an area where public transport is limited or nil?

What is the cheapest EV atm - does anyone know? The EV makers like$NIO Inc.(NIO)$ Bearish$XPeng Inc.(XPEV)$ Bullishand$Li Auto(LI)$ should be targeting affordable small vehicles (not these big SUVs and luxury models (considering China is our closest EV manufacturing neighbour). Right now a semi decent automobile will cost around $5000-$8000 used. Some even cheaper. These are the lifeblood of many Australians who need a car for work, single parents who can't afford the lowest cost EV. What will happen to them? Job losses. More people and kids on public transport (yay[Facepalm] )?! Has Australia really considered the impact of such a (I think) premature policy/implememtation? I don't believe many countries will have the capacity or resources to enforce the new EV targets given that imho I believe that the price range is still too high. And I can see a real market there for really affordable small EVs if they don't compromise on safety or security. And what about charging stations and how they will work given the EV targets are not that far away for most countries. Are petrol engines to be decommissioned straight away or given a time frame to swap? So many questions and I think most people didn't have much of a say in how things would change (and how quickly). Australian politicians who voted to pass this need to either subsidise the EVs to make them more affordable to the average citizen, or come up with a coordinated and cooperative plan with our Chinese EV manufacturers (if they haven't already) to ensure that lower wage earners, people on benefits etc. aren't left out of the EV "arms race"...

Chengdu Auto Show Booth Map Released: BYD, Nio, Xpeng, Li Auto Present, Tesla Absent
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Comments

  • pixiezz
    2023-09-02
    pixiezz

    NIO, needs to move to “zero financing” on their EVs, this WILL drive sales way up, even if it is only for 3 months!

  • cheerzy
    2023-09-02
    cheerzy

    Nio's growth will accelerate significantly in the second half of the year, and that it still has a shot at meeting analysts' expectations for revenue to rise 30% to 64.23 billion yuan ($8.81 billion) for the full year.

  • zinglee
    2023-09-02
    zinglee

    Based on that forecast, Nio's stock looks dirt cheap at 2 times this year's sales. By comparison, Tesla -- which is expected to generate 22% sales growth this year -- trades at about 8 times that metric.

  • frosti
    2023-09-02
    frosti

    This may be NIO's highest grossing Q ever at over $2B.

  • vippy
    2023-09-02
    vippy

    Nio $100 by the end of the year

  • nimbly
    2023-09-02
    nimbly

    NIO stations has both(Battery swapping + super charge plugs) it’s good either way

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