$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$
I'm more than happy with the progress. We need to come back here next summer and see where this is.
So many positive things on the horizon. Middle East sales beginning the end of this year. Europe is a wait and see. NIO brand sales they expect to continue to increase.
30k per month is break even. Similar w Onvo. Pre-orders very positive (no specifics other than to say exceeded expectations), Alps first half of next year (price 15-30k). Larger variation of L60 also next year. Margins improving.
Onvo will shoot for 15% and that won't be hard to achieve. The company are smart and laying out the groundwork for longer term success. Sales team larger and more knowledgable leading to improved sales among other factors.
I think we move steadily higher from here. June numbers will be vital in propelling the stock higher. 3 months (2nd Q) of increasing sales and numbers around 60k for the Q will maybe convince the naysayers that this is maybe the bottom for this company.
Shame I have 80% of this board on mute but I know we have some good people on here too. Fire away. GLTA.
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