The video reviews NIO's quarterly financial results, reporting an increase in vehicle deliveries. NIO operates under three brands: NIO, ONVO, and FIREFLY. ONVO and FIREFLY are the newer and lower-priced models. Q2 vehicle deliveries were over 72,000, a 25.6% increase from the same quarter last year. These deliveries included 47,132 vehicles under the NIO brand and deliveries of its Onvo L90 and Firefly car. While EV sales in China are growing, in the U.S., EV sales are not doing well due to high prices and inconvenience. The vehicle margin was 10.3%, a decrease from 12.2% in the same quarter last year, due to newer models ramping up. The company has $3.8 billion in cash. A new flagship premium SUV for the NIO brand is being unveiled and made available for pre-orders, with deliveries expected in late September. Discounted cash flow model, the intrinsic value per share is $6.10, against a market price of $6.41. The video updates to a "hold" rating.