r/nio
NIO is conquering China at an incredible pace
NIO's delivery growth is surging in high-margin models, with its user base in wealthy Zhejiang province doubling in under two years.
- Explosive delivery growth driven by high-priced, high-margin models.
- Captured one-third of the premium BEV market (over 300k yuan) in Zhejiang province.
- User base in the wealthy Zhejiang region doubled to 200,000 in under two years.
Below is an excerpt from Yahoo Finance today. NIO’s delivery growth is becoming explosive, increasing sales significantly in the high priced, high margin models. Zhejiang province is south of Shanghai where city of Hangzhou, home to Alibaba and many other technology firms, is located .
$$$$$$$$$$$$$$$
Nio Stock Charges Into June: New Flagship SUV Draws 17-Week Delivery Queue Just Days After Launch
…….. as the company crossed another milestone in Zhejiang province, one of China's wealthiest and most economically developed regions. The company has now surpassed 200,000 users in Zhejiang, doubling its customer base in the region in less than two years. Nio executive Fan Hongyin said that the company hit its first 100,000 users in July 2024 before adding another 100,000 users in under two years, CnEVPost reported.
According to Fan, one out of every three battery-electric vehicles priced above 300,000 yuan sold in the province is a Nio. The province now accounts for one-sixth of Nio's total user base and remains the company's largest regional market by customer count.
Let’s goooo
now how soon before it starts showing to shareholders?
❤️