Once a future star of Chinese EV, Nio has lost it's credibility with potential investors having continously delivered poor results and missed targets ......indeed time to wake up!!!!
Battery swap sounds a good value proposition but it has yet to translate into results after rolling out for some time. Not sure if it creates competitive advantage for Nio and time will tell!
EV Maker Nio to Build 1,000 Battery-Swap Stations in China in 2023
Competition in the EV space will sure get hotter as more established traditional automobile giants especially the German, Japanese and Korean accelerate the shift from ICE to EV. These giants will have much bigger funds and economy of scale Vs the Chinese players. Unless the Chinese gov funds local EV makers like Nio, XPEV and Li, it will be difficult for them to compete and survive the battle in the long run! Time will tell.