China EVs & More
Episode #144 - NIO Earnings, Stellantis & Ample swapping collab, Tesla Wants More Capacity at ShanghaiGiga
Dec 11, 2023
The podcast discusses NIO Q3 earnings, Stellantis partnering with Ample for battery swapping, the Inflation Reduction Act's impact on the EV market, Mary Barra's views on EVs and Tesla's rumored capacity expansion at ShanghaiGiga.
45:06
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Quick takeaways
- NIO's focus on strategic acquisitions and prioritizing key areas indicate a more calculated approach for future expansion and growth in the EV market.
- The collaboration between AMPLY and Stellantis in Spain showcases the potential of battery swapping to increase vehicle utilization and flexibility, highlighting the endorsement of a legacy automaker.
Deep dives
NIO's Q3 Earnings and Future Plans
NIO reported shipping over 55,000 cars in Q3 with better revenues and gross margins compared to the previous quarter. While they are still losing money, the losses decreased from Q2. NIO discussed the potential of expanding sales outside of their current regions in China and highlighted the need for a stronger power swap network. They also mentioned plans to outsource certain operations and continue developing sales materials. NIO's focus on acquiring assets and prioritizing key areas indicates a more strategic approach moving forward. The upcoming NIO Day is expected to unveil a new high-end vehicle with advanced technology.
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