$NIO Inc.(NIO)$ NIO has around 50,000 pre-orders for the ES9, with an expected 50% conversion rate. That means roughly 25,000 orders are already secured. So, in addition to the 6,000 pre-built ES9s for the launch, NIO needs to produce another 19,000 in the coming months. NIO plans to produce about 6,000 units per month eventually. That suggests NIO will be busy with building and delivering for at least the next six months. With a higher profit margin on this SUV, NIO should become more profitable in the near term. The new Onvo L80 will likely boost Onvo sales as well. The outlook is definitely bright.
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