When a customer returns/complains about an item, do you report it to a higher up? Does the product feedback get back to corporate through your channels?

This was his very first Supercar, always carry a fire extinguisher kids!

A Nio executive said the average transaction price of the Nio main brand surpassed 450,000 yuan ($66,330) last week, overtaking traditional luxury auto brands.

The increase is primarily driven by strong demand for the new flagship SUV ES9 and the continued hot sales of the ES8.

A senior executive at Nio Inc (NYSE: NIO) hinted that the average transaction price of the Chinese EV maker's main brand vehicles is rising rapidly, highlighting that the company maintains strong brand appeal in China's fiercely competitive premium auto market.

Ma Lin, Nio's vice president of branding and communications, said Monday on Weibo that the average transaction price of the Nio main brand vehicles exceeded 450,000 yuan ($66,330) last week.

He hinted that this average transaction price has surpassed major rivals including Mercedes-Benz, BMW, Audi, and the Huawei-backed Aito.

Ma invited his followers to guess the average transaction price of the Nio main brand for June and will offer Dragon Boat Festival gift boxes to the three closest guessers.

This strong upward pricing trend is mainly due to the recent launch of the new flagship SUV (sport utility vehicle) ES9. In addition, the continued hot sales of another large SUV, the ES8, have also provided important support for the increase in the average transaction price.

The ES9 has a starting price of 498,000 yuan including the battery pack, while the earlier launched ES8 also maintains a high starting price of 406,800 yuan including the battery.

These two models are among the highest-priced in the Chinese market, and their strong sales are significantly improving Nio's overall financial outlook.

A team led by Deutsche Bank analyst Bin Wang predicted in a research note earlier today that Nio is expected to continue achieving non-GAAP profitability in the second quarter, with non-GAAP net income reaching about 180 million yuan.

A stable gross margin is considered a key support for this profit forecast. The bank believes that Nio's second-quarter vehicle margin guidance of 17% to 18% is achievable.

This is largely attributed to the high-margin ES8 and ES9 SUV models accounting for a higher proportion of total sales.

The market performance of the ES9 is particularly outstanding. Ma announced last week that Nio will deliver the 10,000th ES9 in June.

This exceeded general market expectations, Deutsche Bank said. The team noted that this implies Nio could deliver at least 7,000 ES9s in June, surpassing the bank's previous assumption of 6,000 units.

Deutsche Bank estimates that the ES9 has already garnered over 25,000 non-cancelable orders, leading to long delivery wait times.

Customers ordering the base version of the ES9 face a wait time of 8 to 9 weeks. Meanwhile, the higher-end versions equipped with the advanced SkyRide suspension system currently have a wait time of up to 16 to 17 weeks.

Based on this strong momentum, Deutsche Bank raised its full-year delivery forecast for the ES9 in 2026 to 56,000 units.

In addition to the strong performance of the ES9, Nio's other large SUV, the ES8, has also maintained strong sales momentum.

Nio co-founder and president Qin Lihong said on June 5 that the all-new ES8 is expected to complete its 120,000th delivery within this month.

The model delivered 11,475 units in May, surpassing the 10,000-unit delivery mark for the seventh consecutive month. The 110,000th milestone was reached on May 23.

Sales momentum continued to accelerate in the second quarter. Nio delivered 37,705 vehicles in May, setting the company's highest single-month delivery record so far this year, up 62.3% from a year earlier.

Looking ahead, Nio expects its total deliveries for the second quarter to be between 110,000 and 115,000 vehicles.

Based on deliveries over the past two months, the company's deliveries in June are expected to be between 43,000 and 48,000 units.

Below are the key highlights from the call, with the most recent information listed first.

In the first quarter, the average selling price for the Nio brand exceeded 390,000 yuan, which is 50,000 yuan higher than BMW's.

Nio maintains its goal of achieving a non-GAAP operating profit for the full year 2026.

Nio still aims to deploy 1,000 battery swap stations this year. Achieving profitability in the battery swap business in the short term is not yet a priority.

Nio's main product for the second half of the year is the five-seat version of the Nio ES8.

Onvo's brand awareness is currently insufficient; it is roughly on par with Nio's brand awareness in 2020.

The Onvo team is actively reaching out to customers to encourage more users to take test drives and learn about the brand. Once they get to know Onvo, the conversion rate from test drives is quite high.

The market space for five-seat SUVs is roughly three times that of three-row SUVs, so the Onvo L80 has a larger market than the L90 to tap into.

The fundraising for the Shenji chip business has gone smoothly, which will help with the development of next-generation chips and more cost-effective chips.

Over the past two years, Nio has seen steady growth in its ADAS (Advanced Driver Assistance System) software subscription service.

By the second half of the year, 80% of Nio Inc's vehicles will be equipped with the company's in-house Shenji NX9031 autonomous driving chip.

The average selling price for the Onvo brand is about 240,000 yuan, which is higher than that of many second-tier luxury brands.

Nio's 5566 models (ET5, ET5 Touring, ES6, EC6) will be upgraded to the latest platform next year, and Onvo will also launch new models next year. Nio Inc will releases 3 to 5 relatively new models each year.

Since the beginning of the year, rising raw material prices have created significant cost pressures. This includes increases in memory prices, as well as prices for key battery materials — such as lithium carbonate, nickel, cobalt, and manganese — and prices for copper and aluminum.

Rising raw material prices have increased Nio's average cost per vehicle by more than 10,000 yuan.

Nio aims to achieve a gross margin of 17% to 18% on vehicle sales in the second quarter and for the full year.

The ES8 achieved a gross margin of over 20% in the first quarter.

Since the ES9 went on pre-sale, it has not only failed to cannibalize orders for the ES8 but has actually had a very positive impact on that model.

Since the ES9 was unveiled, average weekly orders for the ES8 have increased by nearly 30% compared to previous weeks.

In June, both Nio and Onvo vehicles will receive the latest Nio World Model (NWM) updates, which will further enhance the intelligent driving experience — including driving, parking, and active safety features.

The Firefly brand will continue to reinforce its unique brand identity by launching limited-edition models.

Onvo's updated L60 SUV will be unveiled at the end of May, featuring upgrades in exterior design and smart features to further enhance its competitiveness.

The Nio ES9 will be launched and begin deliveries on May 27. William Li, Nio's founder, chairman, and CEO, said the company is confident that the ES9 will be a new benchmark for high-tech executive SUVs priced above 500,000 yuan.

• Nio's first-quarter adjusted operating profit reached 66.8 million yuan ($9.7 million), driven by strong deliveries of the high-margin ES8.
• The company guides for up to 115,000 vehicle deliveries in the second quarter, signaling a steady sales rebound driven by new model launches.

Found a great condition yellow 1/18 Hilux (it's about 4 years old). But, no receiver.

I would like to swap in a brushless motor and since I need a receiver anyway, will this radio / receiver combo work? https://a.co/d/04wgHqQc

Also, can someone point me in the right direction for a good brushless motor that will work with the above radio/receiver combo? Nothing I'm finding says FMS or FCX18 specifically, so just afraid to buy the wrong motor.

Oh and will I'm taking with the pros, the stock shocks are oil-less and super bouncy. Are these a suitable upgrade? https://a.co/d/05vJOqYO

Cheers, appreciate it and happy to have found this sub!

Two Sigma Investments disclosed significant changes to its EV holdings in its latest 13F filing for the first quarter of 2026.

The New York-based hedge fund operates through three distinct entities.

Two Sigma Investments and Two Sigma Advisers are both SEC-registered investment advisers that manage money for institutional clients using the firm’s quantitative, data-driven models — though they serve different fund structures and client mandates.

Two Sigma Securities, meanwhile, is the firm’s broker-dealer arm, focused on market making, liquidity provision, and algorithmic execution across equities, futures, and options.

Of the three, only Two Sigma Investments and Two Sigma Securities have reported its first-quarter 2026 portfolio so far.

According to Fintel data, Two Sigma Advisers held over 20.6 million Rivian shares as of its most recent filing, following an increase of 6.3 million shares during the fourth quarter of 2025.

Two Sigma Securities, on the other hand, exited its Rivian position entirely during the same period, selling all 37,203 shares and eliminating all call and put options.

Rivian

Two Sigma Investments reduced its position in Rivian for the second consecutive quarter, selling 3.65 million shares between January and March.

By the end of the first quarter, it held 9.5 million shares in the EV maker, a position valued at approximately $143.8 million as of March 31.

The New York-based quantitative hedge fund first disclosed a position in the EV maker in the fourth quarter of 2022, with 148,696 shares worth approximately $2.7 million.

It grew the stake to 856,491 shares by the end of the first quarter of 2023 before fully liquidating in the second quarter.

Two Sigma re-entered the stock in the third quarter of 2023 with 5.7 million shares and quickly scaled to nearly 11 million shares by year-end — a position then valued at roughly $257.5 million.

The fund again fully exited in the first quarter of 2024, before opening a new position of almost 2.6 million shares during the first three months of 2025.

That position grew rapidly through the first half of 2025, reaching 14.4 million shares by the end of June.

The stake then peaked in the third quarter at nearly 16.8 million shares.

Institutional Ownership

As of Tuesday, Nasdaq data showed Rivian has 934 institutional shareholders, collectively holding 777.5 million shares in the EV maker.

The company led by RJ Scaringe has been primarily backed by Amazon, which first invested in the company in 2019.

The retail giant has held approximately 158 million shares in the EV maker since.

Recently, Volkswagen Group has overtaken Amazon as Rivian’s largest shareholder.

The German giant now holds 209.8 million Class A common shares, representing a 15.9% stake — up from 146 million shares as of mid-2025.

UBS, which ranks in the top 20 largest institutions, reduced its Rivian holdings by 26.4% in the first quarter of 2026 to just below 10.3 million shares.

Deutsche Bank also trimmed its Rivian position for the second straight quarter, holding 1,879,129 shares at the end of March — its lowest level since mid-2024.

Among its major institutional shareholders, Baillie Gifford has also updated its portfolio with a slight increase of 40,145 shares in a stake of over 43.8 million.

Citigroup reported that it closed the first quarter holding 8,674,247 Rivian shares — a 12.1% cut after selling approximately 1.19 million shares between January and March.

BlackRock disclosed last week a stake of nearly 54 million shares in the EV maker, after acquiring 3.5 million shares during the last quarter.

Goldman Sachs purchased over 3 million shares in the company between January and March, closing the quarter holding 8.9 million shares — a record position for the firm.

Nio

The investment arm of Two Sigma’s stake in the Shanghainese EV maker Nio has jumped from 679,000 shares to 13.3 million shares during the first quarter.

The stake was worth $80.3 million by March 31.

It represents the largest position Two Sigma Investments has ever held in the Chinese company, in which it first invested in the third quarter of 2018.

By then, the fund disclosed holding 510,428 shares — worth about $3.6 million. However, it fully exited the position by year-end.

It re-entered briefly in early 2019 with a small stake of 17,690 shares before liquidating again in the third quarter.

Two Sigma Investments briefly entered the stock with 254,800 shares owned during the final quarter of 2019.

Then, it came back in mid-2020 with 559,023 shares and rapidly scaled up through Nio‘s stock surge — with its stake reaching 4 million shares, worth $197.8 million by year-end.

From there, Two Sigma steadily reduced through 2021, then made a dramatic move in early 2021 — when it held 5 million shares — before slashing them by 83% to 856,765 shares one quarter later, and exiting entirely by year-end 2022.

The pattern repeated in the following year and a half.

Two Sigma re-entered again in the second quarter of 2024 with 395,000 shares and held a flat position of 540,800 shares through mid-2025.

After another full exit in mid-2025, the fund rebuilt its stake to 480,300 shares between July and September, and ended the year with 679,000 shares.

Two Sigma Securities disclosed holding 50,636 shares in Nio during the first quarter, a 52.6% reduction from the prior quarter.

Two Sigma Advisors, which hasn’t yet reported its quarterly portfolio update with the SEC, held 5.5 million Nio shares by the end of 2025.

Institutional Ownership

According to Nasdaq, Nio has 519 institutional owners with combined holdings of approximately 288 million shares.

CYVN Holdings remains the Chinese EV maker’s main backer with a stake of nearly 20%.

At the end of 2025, DE Shaw & Co was the largest institutional holder after CYVN with over 48 million shares, while BNP Paribas and Jane Street Group each held around 20 million.

First-quarter filings paint a different picture.

DE Shaw sold nearly 10 million shares between January and March, a 20% cut that brought its position to 38.3 million shares — currently valued at approximately $225 million.

The firm remains Nio‘s top institutional holder outside CYVN, despite the reduction.

BNP Paribas shed 8 million shares during the same period, ending March with 13.3 million — a 38.3% decrease.

Jane Street Group made the sharpest move among Nio‘s former top holders, slashing its stake by 71.9% to 5.5 million shares and falling well outside the top 10.

The selling was not uniform across institutions, however.

BlackRock moved in the opposite direction, nearly doubling its Nio position with a 92.2% increase to 10.73 million shares.

Bank of America similarly expanded its stake during the quarter — reaching a new high of 14.3 million shares.

Nio reports first-quarter financial results later this week, on May 21.

Buyer disputed transaction as the UPS package was a no-show. I filed a claim with UPS as per eBays guidelines as I purchased the UPS label through them.

UPS claim for lost package was approved for both $100 merchandise reimbursement and $80 shipping reimbursement. UPS sent eBay a $180 check. All while eBay have the payout/transaction on hold.

2+ weeks later the package shows up and the buyer closes the case. eBay then sends out my funds for the transaction that they had on hold (~$100). In the meantime, UPS sent out the reimbursement check to eBay. Who gets that check? Seems like eBay gets to double dip on the transaction as I highly doubt they will pass that on to me (even though I filed the claim).

I have contacted eBay 3 times and all I get is an agent in India who reads prompts and cannot answer my questions.

Where does my UPS claim payout go? UPS said they didn't mail me the check because I purchased it through eBay. Don't think I will ever use eBay's shipping payment system again, what a hassle.

Is this the price we pay for using KLOW? Just accept the red welts indefinitely? Been pinning daily for almost 2 weeks and the red welts don't go away. Tried just about everywhere and the glutes have the least amount of sting, but the red welts are inevitable regardless of the pin-point.

Diluted with 3ml bac and pinning 12 units each day. Have divided the 12 unit pin into 3 pin entry points as suggested but it doesn't make a difference.

Is this the price of entry for using KLOW? Do y'all just deal with it?