NIO expectations
NIO is overall in an downtrend, but how long ?
This depends on the next steps how NIO will sell his electric vehicles.
China's electric vehicle maker Li Auto LI expects sales to reach 10,000 cars a month from September and will expand its sales network, executives said on Wednesday.
Li Auto President Shen Yanan said Li Auto, which has only one model, expects monthly sales of its facelifted Li ONE extended-range electric sport-utility vehicle model to nearly double by September. It sold 5,539 cars in April.
Shen said the firm would expand its sales network and continue to use a direct-sales model strategy to sell its vehicles, adding that it is building a team to research selling overseas. It has 75 stores in more than 50 Chinese cities.
Li Auto, with a market capitalisation of $18 billion, is competing with Tesla Inc TSLA and a swathe of Chinese EV makers, including Nio Inc NIO and Xpeng Inc XPEV
But I expect a hard fight to break the 46$ again.
This depends on the next steps how NIO will sell his electric vehicles.
China's electric vehicle maker Li Auto LI expects sales to reach 10,000 cars a month from September and will expand its sales network, executives said on Wednesday.
Li Auto President Shen Yanan said Li Auto, which has only one model, expects monthly sales of its facelifted Li ONE extended-range electric sport-utility vehicle model to nearly double by September. It sold 5,539 cars in April.
Shen said the firm would expand its sales network and continue to use a direct-sales model strategy to sell its vehicles, adding that it is building a team to research selling overseas. It has 75 stores in more than 50 Chinese cities.
Li Auto, with a market capitalisation of $18 billion, is competing with Tesla Inc TSLA and a swathe of Chinese EV makers, including Nio Inc NIO and Xpeng Inc XPEV
But I expect a hard fight to break the 46$ again.
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