$NIO Inc (NIO.US)$ Before ONVO launch, the management was c...
$NIO Inc (NIO.US)$ Before ONVO launch, the management was constantly talking about ONVO. but after the launch, NiO has not even talked once about how the preorder numbers are ? The stock price is down 10% after ONVO launch. Fake bulls were creating the hype like stock will skyrocket after ONVO launch. All the hype is now done and dusted.
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Teck Wang Pang PaPa : Patience Bro, wait...wait.....no news means good news. Nio is always very secretive.
GoldDragon : Are you a bearish or bullish with Nio?
ZnWC : The first quarter delivery looked bad only 30,053 units. To forecast Nio ONVO sales to be 20,000 units per month is not practical.
Nio Q1 2024 Delivery down 39.95% QoQ and 3.18% YoY
https://www.moomoo.com/community/feed/112485230444954?share_code=010HoG
ZnWC : Article #1: Alan Ai commented that ONVO (Chinese name is Ledao) exceed expectation but didn't give any figure. See screenshot - Chinese text translated to English.
Article #2: Insurance registration showed that Nio sold only 4,400 units between 13 to 19 May. See screenshot.
Article #3: ONVO was officially launched on 15 May but didn't release any info on pre-order.
From the 3 articles, we can estimate that ONVO sales are much less than 4,400 units - very low number (bad news). Nio used to announce pre-order sales for new models but had stopped doing so after May 2023. Pre-order data is inaccurate as such order can be cancelled with full deposit refundable - a common marketing tactic used to boast the new EV model is very popular.
Source:
1. 乐道订单远超预期 压力先给到蔚来_车家号_汽车之家
2. China EV insurance registrations for week ending May 19: Nio 4,400, Tesla 13,900, BYD 53,600, Xiaomi 2,000
3. Nio’s Onvo L60 SUV-coupe starts pre-sale at 30,500 USD, has lower energy consumption than Model Y and 1000 km range