$NIO Inc.(NIO)$ Nio last week Insurance Registrations number only 1100 units plus Onvo 370 units were the lowest in the record. Can Nio improve it with 5 years interest free promotion in Feb 2025 to attract new buyers? Why Nio last week so poor results was unknown. By right Onvo should be deliver 16k per month as promised by the Onvo President but now look like Onvo is facing much hurdle to fulfill 20k delivery in March 2025 alone. Tough competition really biting for all the EV makers started with new promotion to capture the market share. With BYD latest announcement will be even worst for the competitors to fight BYD dominance in EV segment.
Comments
We'll know in the coming months.
Nio really needs to capture market share.
They need to be creative and lead in sales and not follow what others do when having poor sales.
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