CATL also reaffirm NIO battery model by entering this market and market is big enough like petrol station with 3-5 players. So those car with battery swap bring many benefits to car purchaser. It will be a trend. CYVN is huge and long term. Given NIo market present and approval from user, government bodies and car safety rating agency. Nio is poised for further growth. i am an avid BMW fan and driving BMW many years. I went to Beijing this year to check out Nio car personally ( I am a Malaysian ) , I would definitely upgrade to NIo from BMW. BMW technology is at least 3 years behind NIo. Needless to say one should wonder why a new brand like Nio could master 45% in the premium market compete against the like of BMW, Mercedes and Audi. Now by lowering their price BBA could only maintain and slow their sale volume. But with Onvo entering the market now. There is no hiding, Tesla, Nio and new energy like Xpeng Li auto would continue to eat their pie Slowly and gradually. The result will be obvious by the day. I always take analyst with a pinch of salt. They mostly serve their own interest. Just like how George Soros pay their media covert friend to sabotage and attacked innocent central bank. Never fully believe what they said do our own reseach using critical thinking.