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NIO $650 Target and Profitability Focus - NIO stock



In the face of challenges from China, NIO CEO is countering rumors and aiming for profitability with a $650 target. Amidst concerns about liquidation and losses, he emphasizes a focus on long-term goals while addressing issues like misuse of NIO points. To prevent exploitation, NIO will cease distributing red packets and minimize perks like unlimited battery swaps. The company is tightening rules to enhance profitability, signaling a shift in focus and commitment to long-term success. NIO efforts to curtail misuse and optimize operations align with its goal of achieving $650 in 10 years.




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