Buy NIO by Nov 17, 2026.

**The Cash Burn Myth:** Initial claims stated that Nio is bleeding cash into its massive battery-swap infrastructure. **The Correction:** Nio aggressively shifted to a partner-owned asset model, handing station ownership over to state-backed capital (like the Wuhan handover) to eliminate construction CapEx. **The Revenue Pivot:** Initial claims treated battery swap stations as a permanent financial drain. **The Correction:** Nio acts primarily as the technology and network operator, transforming infrastructure into a high-margin recurring service fee model. **The Profit Turnaround:** Initial …