Once a future star of Chinese EV, Nio has lost it's credibility with potential investors having continously delivered poor results and missed targets ......indeed time to wake up!!!!
After hours yesterday, Alibaba $Alibaba(BABA)$ $Alibaba(09988)$ released fourth-quarter results for fiscal year 2023 (corresponding to the first quarter of this year), with mixed data and a 6% drop in share prices.In terms of growth, Alibaba's revenue in the fourth quarter was 208.2 billion yuan, which was lower than the analyst's expectation of 209.2 billion yuan. However, under the condition of cost reduction and efficiency improvement, the net profit greatly exceeded expectations:In the fourth-quarter results, Alibaba described the spinoff plan in strong detail, and the company gave a specific listing time node, perhaps management hopes to rely on the spinoff to improve Alibaba's share price, but mark
Battery swap sounds a good value proposition but it has yet to translate into results after rolling out for some time. Not sure if it creates competitive advantage for Nio and time will tell!