$NIO Inc.(NIO)$
Though EVs should be one of the most exciting and sustainable growth stories over the next 10 to 20 years, the ramp up in production won't be without its hiccups and casualties. For instance, Nio's production was hindered for more than three years by China's stringent COVID-19 mitigation strategy, which led to a host of supply chain constraints.
But there's good news on this front. This past December, China abandoned its controversial "zero-COVID" strategy and effectively reopened its economy. While it's going to take a couple of quarters for things to get back up to full speed, the proverbial parking brake on Nio's production has been removed.
In July and August, the company tallied its two best months for deliveries in its history. In fact, Nio is getting close to an annual run-rate of 250,000 EVs, based on the 20,462 EVs delivered in July and 19,329 EVs delivered in August.
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NIO will bundle its phone with car. Who wouldn't buy a phone that fits with the car for another $900 when you're already spending $50K+?
NIO has sold or delivered 64,700 EV's so far this Quarter at an average of $53.000. The add BaaS for over 300,000 units also collected.
Nio's sub-brand Alps may team with dealers to sell cars, report says Nio approached a leading local dealer group for introducing a dealer model for its sub-brand Alps, according to local media.
It will take Tesla three years to catch NIO in technology. Tesla is $185 by Nov
Feel Lucky - Sell it short, Have a brain? Buy the open before it costs you 13. plus next week
Many stocks are at their 52 weeks low now. I am afraid TSM is going there too.