$NIO Inc.(NIO)$ Sept deliveries +44% YoY, -19.1% MoM. Impact of 30k yuan price cut in mid-June seen in sales but how it impacts overall profitability remains the big concern.
”Some argue that Nio is treading a financial tightrope to chase its long-term vision. But the company’s CEO, William Li, remains resolute about its future prospects.”
Chinese multinational automobile company Nio has invested over RMB 3 billion in R&D for consecutive quarters, accounting for over 20% of its revenue. The result? Substantial losses in excess of RMB 6 billion, setting a gloomy tone for Nio’s R&D efforts.
$NIO Inc.(NIO)$ ’s heavy outlay on R&D in recent quarters forms part of a broader move by the company to pursue longer term growth strategies, though it isn’t exactly well understood in the industry.
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Comments
no more free batt swaps for NIO which they did before, now every car sale is profit margin on vehicle went from Q2 6.2% to now Q3 10%...everythings is going to be allright for the stong hands, i,m holding my 6166 stocks and sitting on both hands and just watching
Nio’s previous announcements on good catalysts have always been wrong timing. Somehow , some negative news or other factors gets into the front and affects the whole market and drowns Nio’s positive news and instead dip the stock price instead of a good pop . That I notice over the years..
I was very skeptical of the Nio phone and obviously its a huge success in China , i think we should trust Nio's management a little bit more .
Nio is up over 2% to 9.24 right now on Robinhood. Looks like a nice start to the week is upon us.
Omg, it’s happening, the numbers are amazing, congrats longs!!!