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Technology Stocks : "NIO, XPEV, LI, BYD.. China's Quads

BYDDF 12.06

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3:39 PM EST

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From: roto	2/1/2024 12:39:00 AM
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I'm waiting for NIO to slide into the $3s within 2yrs.. if it & other EV mfgs survive Where Will Nio Stock Price Be in 2025? NIO Stock Price Prediction ----------------------------------------------- China’s E.V. Threat: A Carmaker That Loses $35,000 a Car Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also through rapid technological advances. nytimes.com The Nio booth at Auto Shanghai 2023 in April. Credit...Qilai Shen for The New York Times By Keith Bradsher Reporting from Shanghai Published Oct. 5, 2023Updated Oct. 10, 2023 Want the latest stories related to China? Sign up for the newsletter Your Places: Global Update, and we’ll send them to your inbox. Nio, a Chinese electric car company that competes with Tesla, employs 11,000 people in research and development, but sold a mere 8,000 cars per month from April through June. It has invested so extensively in robots that one of its factories employs just 30 technicians to make 300,000 electric car motors a year. Nio offers $350 augmented reality glasses for each seat in its cars, and has introduced a cellphone that interacts with the car’s self-driving system. And none of it is profitable — far from it. Nio lost $835 million in the second quarter, or $35,000 for each car it sold.

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