Smart and Sustainable Electric Mobility
NIO is looking to increase the use of its battery upgrade service as owner demand for driving trips increases with the arrival of spring.
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NIO's battery R&D team has now exceeded 800 people, with annual R&D investment expected to exceed RMB 1 billion, according to local media.
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This is a full-text translation from CnEVPost of NIO's March 1 earnings call.
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Nio currently operates 4 swap station in Netherlands
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If electric cars can be sold to consumers without batteries, the cost can be lower than fuel cars, said Li Xiang.
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"Even if we exclude these one-time headwinds, vehicle of margin of 13.5% would have been a miss and lowest since 2Q20," Deutsche Bank said.
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NIO today announced its fourth-quarter earnings results and its management held an analyst call afterward.
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That delivery volume included 5,037 SUVs, and 7,120 sedans.
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NIO's vehicle margin was negatively impacted by 6.7 percentage points in the fourth quarter due to accelerated depreciation of production facilities and the loss of purchase commitments for older models.
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As of February 28, NIO had 296 NIO Spaces worldwide, a reduction of three from 299 at the end of January.
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