The urgency for NIO $NIO to increase volumes and cut costs is finally here, says Deutsche Bank. With widespread NIO price cuts and the rapid introduction of new NT 2.0 models, Edison Yu's team believes there could be a significant sales recovery in the second half of the year.
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China is a big market and the price cut is definitely an attraction for customers. Plus, demand is probably pretty high there as everyone is trying to target that market in turn.