$NIO Inc.(NIO)$ NIO delivered 6,155 vehicles in May 2023. We're looking at 15,400 this month plus the last 5 days of the month plus overseas sales. I think 18,000 plus sales which is up 300%. Share price jumps double digits on this news...hopefully we can sustain some momentum beyond that...that's a run rate of 250k per year and I believe L60 will net 20k+ units monthly October and beyond. According to a China Daily report six battery producers may get a 6 billion yuan (827 million USD) government investment into solid-state battery R&D.Nio supplier among 6 companies that may get solid-state battery R&D boost
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments