ugo lézin
$NIO (Nio Inc.-ADR) news recap: ➜ NIO’s F2 factory has been recognized as a global Lighthouse Factory, one of the most advanced manufacturing benchmarks in the world. ➜ HSBC says China’s EV market is likely to recover somewhat in June versus May, and continues to favor technology leaders with clearer earnings visibility, including Geely, NIO, BYD, XPeng and CATL. ➜ NIO ES8 has officially crossed the 120,000 delivery milestone. The sprint from 110,000 to 120,000 units took just 29 days, bringing the cumulative timeline to 274 days from first delivery. ➜ The ES8 Five-Seater will open for reservations on June 28, with display vehicles arriving at NIO stores across China the same day. Official launch is expected in July. ➜ NIO is hosting a live stream today, June 22, to test the new NIO World Model. ➜ NIO has built 8,996 charging and battery swap stations nationwide, including 3,923 battery swap stations, 5,073 charging stations, and 29,225 charging piles. ➜ NIO celebrated the 10th anniversary of its UK R&D center and officially opened a new engineering facility in Witney, Oxfordshire. ➜ NIO is already dominating the 400,000 to 500,000 RMB segment. With the ES9 launch, it could start taking share in the 500,000 to 600,000 RMB range in the second half, while the NT3.0 5566 lineup could further strengthen its position in the 300,000 to 400,000 RMB segment next year. ➜ ONVO management says selling EVs is harder than building NIO’s battery swap empire, underlining how much execution still matters in the lower-priced market.
Not investment advice. The author may have financial interests in the mentioned instruments.
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