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JB
Jason Bellier
@neostonks · Jun 17

The urgency for NIO $NIO to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.

Right? What do you think, will it boost Nio sales?

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RB

China is a big market and the price cut is definitely an attraction for customers. Plus, demand is probably pretty high there as everyone is trying to target that market in turn.

RS

Competitors were also discounting. It's just a question of whether it was because they had to or because they wanted to.

WS

I don't like it when companies have to give discounts to kick-start sales... it's a very dangerous world and can bring down Nio very quickly... I like it better when companies build "sexy" products that they can't produce :)

JB

She was basically just a matter of time before they lowered the price, here they are not the first or the last in that regard. On the contrary, for such a young company, it's good that they are sticking to the strategy of other competitors.

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