Qin Lihong: NIO-SW underestimates the difficulty of infrastructure construction in Europe, overseas sales fall short of expectations.
Regarding the data indicating that NIO-SW sold 832 vehicles in Europe in the first half of the year, NIO's co-founder and CEO, William Li, expressed that the figure of over 800 vehicles is not particularly accurate, and the actual operational results are three to four times higher. Although this number is only a part of the achievements, he is indeed dissatisfied, as overseas sales have not met expectations.
Regarding the data on NIO-SW (09866.HK) selling 832 vehicles in Europe in the first half of the year, NIO's co-founder and CEO, William Li, expressed that the figure of over 800 vehicles is not particularly accurate, and the actual operational results are three to four times higher. Although this number is only a part of the achievements, he is indeed dissatisfied as overseas sales have not met expectations. He revealed that NIO's products are priced higher in Europe compared to the domestic market, and there are many objective reasons for this. However, there is still room for improvement in terms of fully integrating the entire process and digital operational system. Additionally, the management team underestimated the difficulty of infrastructure development in Europe. The processes in Europe are indeed slower, such as the approval process for battery swapping stations, which is much slower in Germany compared to the mainland. (jl/a)