Except for the flagship SUV ES8, all other Nio models saw deliveries increase in December compared to November.
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Nio has no new models in the first three quarters of 2024, sales growth is likely to be low, and it may need to offer price discounts for its existing models amid stiff competition, BofA said.
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BYD's pick up truck seen on the road
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The 2024 Zeekr X eliminates the previous, lower-priced entry-level version and retains the other two versions, but at reduced prices.
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In the letter, Li laid out his views on the competition in the EV industry in 2024, as well as Nio's priorities.
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U Power said its UP Super Board can cut development time by at least six months, ultimately reducing the cost and time to market of EV products.
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