On November 2, the NIO relevant departments has informed that the delivery cycle has been lengthening due to the suppliers chain issue as the impact of the epidemic.
In particular, the official suspension of F2 by the chairman of NIO in September has a great impact on the full production of the NIO factory. At present, the main production of the factory is ET5, which is a lineup that Li Bin has placed a lot of money on. It was originally planned to deliver more than 10,000 products in December.
The delivery data released on November 1 shows that the car delivery quantity was kept on dropping month-on-month compare to October and September.
So NIO is still on bearish trend and the good entry price will be on 9USD. If break the 8.5USD, we need to cut loss.
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