$NIO Inc (NIO.US)$ Still unclear how they increase their cas...
$NIO Inc(NIO.US$ Still unclear how they increase their cash from 4.3b to 6.2b in one quarter. CFO didn't explain it very well. Even with the 1.15B convertible notes (which half of it goes to buying older notes), there shouldn't an increase of nearly 2b.
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philzero : What they say is increase of sales but i suspect that is from sales of battery swap tech or data.
R and ROP : But they are still making operation losses. Doesn't make sense for their cash to increase so much. Wish they can be more transparent about this.