Rate Of Return
Total Assets$NIO-SW(09866.HK) If it weren't for the current financial situation, I would definitely buy. Still, I find it hard to believe they'll turn a profit in Q4. Even when XPeng's sales surged, they only managed to reduce losses. Moreover, the gross margins for the ES8 and the L90 are still unclear. Given Li Bin's cost control and various sales and marketing expenses, it's hard to be optimistic. I don't see much upside from here.
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