The urgency for NIO $NIO+3.7% to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.
NIO
NIOCapital Structure
Market Cap
8.4B
Enterpr. Val.
70.2B
Valuation
P/E
-2.7
P/S
1.1
Right? What do you think, will it boost Nio sales?
China is a big market and the price cut is definitely an attraction for customers. Plus, demand is probably pretty high there as everyone is trying to target that market in turn.
I don't like it when companies have to give discounts to kick-start sales... it's a very dangerous world and can bring down Nio very quickly... I like it better when companies build "sexy" products that they can't produce :)