Have a great start to the investment week folks. 😊

There's certainly a lot coming up this week, I'm looking forward to more summaries as well, anyway what caught my eye were the short numbers around $NIO-5.4%, which I noticed is quite popular here. I'm not personally invested because I'm scared of the environment in China, but I understand that some see the potential here and this report was quite surprising to me how promising they are.

As of 8/20/2023 around 27 million battery replacements. 26 millionth battery replacement was on August 1. It took 19 days for 1 million swaps, that's 55,000 swaps per day. So one swap every 1.5 seconds. 😲 $36 per swap, that's about $2,000,000 a day for NIO and the network is said to be just beginning and will grow massively in the next few years!

In other news: - ET5 Touring renamed to ET5T for the larger family market. "The ET5T has already sold more than 4,500 units in just one and a half months on the market, far exceeding the combined sales of all touring models under premium brands including Audi, Mercedes-Benz and Volvo for all of 2022, according to sources."- CNEVPOST.

So, I'm not very knowledgeable about cars and this car company in general, but those numbers, the number of battery replacements, so I understand it as a service, it seems impressive to me and it shows that at least in this aspect the company has potential, the desire to develop. So hopefully for the holders of $NIO-5.4% stock a positive news on the loss of the new week. 😊🍀