$NIO Inc.(NIO)$ Living and working in China, am confronted with Nio every day and my impression is they are making huge progress lately - the only real luxury car brand in China and only in last 2-3 months they have overtaken many of their competitors and just sold over 20,000 in July - more than Volvo, Lexus, Jaguar, Infiniti, Lincoln and many others and EV only.
After years of struggle they finally seem to get an edge on scalability to pave a way to profit. They do spend a lot of cash but seem to have deep pockets and this way their investment on quality and innovation can pay out. Significantly more potential to the upside I would assume. [Sly][Sly][Sly]
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And they will never experience luxury because of the tariffs to be imposed on Chinese made EVs.
Its sales in Europe is also shrouded in mystery.
That could only mean not doing well.
They should expand into Singapore where competition is more levelled.
Yet they are dragging their feet.
The Management is short sighted that's all I can say.
When SGP then Pm-in-waiting visited Neo park, he already extended the invitation to Li Bin, yet 6 months on, still no action... Foolish...
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