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NIO ONVO | Pre Orders SKYROCKET, Profitability Confirmed! - NIO stock



NIO CEO reported that ONVO pre-orders were two to three times higher than expected within 24 hours, although exact numbers weren't disclosed. He stressed that actual deliveries are more important and noted that ONVO stores haven't opened yet. NIO and ONVO will share R&D and technology but have separate sales and management strategies. Over 100 ONVO stores are planned, with production at NIO second factory for efficiency. ONVO users won't have access to NIO houses unless with a NIO owner. The CEO mentioned friendly competition with Li Auto and a need for a new brand to serve different customers. ONVO aims to boost NIO average selling price without affecting other models, with global expansion planned. Rumors suggest 65,000 pre-orders in four hours. Advanced features and competitive pricing point to strong future profitability, with significant deliveries expected in September.




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