Hey bro, I really appreciate your content. Question: At 3:37 where are you getting the info that 50 - 60% Onvo customers are backing out (because of not being able to get their car before government subsidies expire). I'm only asking because I have not been able to substantiate this info anywhere else. Not saying you are wrong, but I would imagine that would have a huge effect on sales for the 4th quarter so I think it would be helpful to the viewers to cite the source. Now, I did here Mr P say that 50 - 60% of those people that "do" cancel, say that the delivery date is the main issue. BUT, hypothetically, if 1 out 10 people cancel, then that would mean that there is only 5% - 6% potential sale loss because of the delivery day. The unknown number (at least in the Mr. P video) is the actual percentage of cancelations. I think you see my point. 50 - 60% of "cancellations" is not a big deal if cancellations in "Total" are less than 5 - 10% of overall sales. "Why" someone is cancelling only becomes relevant if the total cancellations are significant. This article I found makes more sense on "possible" confusion over Wiliam Li's comments during the earnings call: eletric-vehicles.com/nio/macquarie-downgrades-nio-over-orders-loss-weak-q4-revenue-guidance/ "Based on the transcript shared, it seems that the percentage mentioned refers to the orders canceled and not to the overall number of orders mentioned in the analyst’s research note."
Thank you so much for supporting my content-I truly appreciate it! As for your question: Maybe I'm interpreting wrong? But it says among the users who placed orders ... 50-60% gave up. This article was reposted by some reputable pages such as 36KR "However, Li Bin also mentioned that there is a big gap between the current situation and the expectations of market users, especially considering that the current national subsidies and trade-in policies will end before the end of the year, which has a significant impact on the orders of the Ledao brand. According to him, among the users who have placed orders, 50%-60% gave up Ledao because they could not pick up the car before the end of the year and could not get subsidies. For car owners who expect to buy a car at a price of around 200,000 yuan, the subsidy of 10,000 to 20,000 yuan is very large, and these users will be more cautious in making decisions." mp.weixin.qq.com/s/eyjIgluhASNRE8fV6ZdUeA
Are 50 to 60% backing out or is it that 50 to 60% of the ones that are backing out backing out because of the subsidies that end at end of year. Those are different things.
Maybe I'm interpreting wrong? But it says among the users who placed orders ... 50-60% gave up. This article was reposted by some reputable pages such as 36KR "However, Li Bin also mentioned that there is a big gap between the current situation and the expectations of market users, especially considering that the current national subsidies and trade-in policies will end before the end of the year, which has a significant impact on the orders of the Ledao brand. According to him, among the users who have placed orders, 50%-60% gave up Ledao because they could not pick up the car before the end of the year and could not get subsidies. For car owners who expect to buy a car at a price of around 200,000 yuan, the subsidy of 10,000 to 20,000 yuan is very large, and these users will be more cautious in making decisions." mp.weixin.qq.com/s/eyjIgluhASNRE8fV6ZdUeA
Thank you Sir!
Great content obi.. blue skies coming
Thank you so much my friend Yes, indeed
Hey bro, I really appreciate your content. Question: At 3:37 where are you getting the info that 50 - 60% Onvo customers are backing out (because of not being able to get their car before government subsidies expire). I'm only asking because I have not been able to substantiate this info anywhere else. Not saying you are wrong, but I would imagine that would have a huge effect on sales for the 4th quarter so I think it would be helpful to the viewers to cite the source.
Now, I did here Mr P say that 50 - 60% of those people that "do" cancel, say that the delivery date is the main issue. BUT, hypothetically, if 1 out 10 people cancel, then that would mean that there is only 5% - 6% potential sale loss because of the delivery day. The unknown number (at least in the Mr. P video) is the actual percentage of cancelations. I think you see my point. 50 - 60% of "cancellations" is not a big deal if cancellations in "Total" are less than 5 - 10% of overall sales. "Why" someone is cancelling only becomes relevant if the total cancellations are significant.
This article I found makes more sense on "possible" confusion over Wiliam Li's comments during the earnings call:
eletric-vehicles.com/nio/macquarie-downgrades-nio-over-orders-loss-weak-q4-revenue-guidance/
"Based on the transcript shared, it seems that the percentage mentioned refers to the orders canceled and not to the overall number of orders mentioned in the analyst’s research note."
Thank you so much for supporting my content-I truly appreciate it!
As for your question: Maybe I'm interpreting wrong? But it says among the users who placed orders ... 50-60% gave up. This article was reposted by some reputable pages such as 36KR
"However, Li Bin also mentioned that there is a big gap between the current situation and the expectations of market users, especially considering that the current national subsidies and trade-in policies will end before the end of the year, which has a significant impact on the orders of the Ledao brand. According to him, among the users who have placed orders, 50%-60% gave up Ledao because they could not pick up the car before the end of the year and could not get subsidies. For car owners who expect to buy a car at a price of around 200,000 yuan, the subsidy of 10,000 to 20,000 yuan is very large, and these users will be more cautious in making decisions."
mp.weixin.qq.com/s/eyjIgluhASNRE8fV6ZdUeA
Xpeng is the much better company. Better technology and product line.
Are 50 to 60% backing out or is it that 50 to 60% of the ones that are backing out backing out because of the subsidies that end at end of year. Those are different things.
Maybe I'm interpreting wrong? But it says among the users who placed orders ... 50-60% gave up. This article was reposted by some reputable pages such as 36KR
"However, Li Bin also mentioned that there is a big gap between the current situation and the expectations of market users, especially considering that the current national subsidies and trade-in policies will end before the end of the year, which has a significant impact on the orders of the Ledao brand. According to him, among the users who have placed orders, 50%-60% gave up Ledao because they could not pick up the car before the end of the year and could not get subsidies. For car owners who expect to buy a car at a price of around 200,000 yuan, the subsidy of 10,000 to 20,000 yuan is very large, and these users will be more cautious in making decisions."
mp.weixin.qq.com/s/eyjIgluhASNRE8fV6ZdUeA
They will never hit 72 75 4th quarter. The numbers dont add uo. They will need 25k+ this and next month. Setting up for failure