- NIO (SGX:NIO) has rolled out four new models under the NIO brand in May 25 and its third brand Firefly in Apr 25, with plans to release two new models under the ONVO brand in Sep 25/4Q.
Refreshed model pipeline to drive sales and profitability.
- - Read this at SGinvestors.io -
- The improved product competitiveness and smart driving features, combined with the planned July rollout of its NIO World Model (NWM) architecture, and the company’s self-developed chip (NIO NX9031), imply the company can improve cost management and profitability.
Continue to expand battery swap network.
- - Read this at SGinvestors.io -
- To speed up the rollout, NIO has signed a strategic agreement with CATL to focus on large-scale battery swapping network expansion and standardisation. This will also benefit NIO’s Firefly brand, as customers will be offered CATL’s chocolate battery swap technology support.
- In our view, this collaboration strengthens NIO’s long-term position in the EV battery swap sector.
Financial health the main challenge.
- Read more at SGinvestors.io.
