Nio Inc (NIO)

[sambeaux]

PRETTY DARN GOOD REPORT JUST CAME OUT.
https://finance.yahoo.com/news/nio-solid-bet-chinese-electric-172557397.html
Beijing is doubling down on its commitment to electric vehicles and considering the size and potential of the Chinese economy. That’s worth taking note. And one of the best ways to bet on the Chinese EV market is with Nio (NYSE:NIO) and NIO stock.

Source: Carrie Fereday / Shutterstock.com

Shanghai-based Nio, which is often called China’s answer to Tesla (NASDAQ:TSLA), manufactures smart, electric, and autonomous vehicles.

Like Tesla, it positions itself as a futuristic automotive company with a heavy emphasis on lifestyle. Nio even has a fashion line which it says is inspired by its Nio EP9 vehicle.

Carrying the analogy further, Nio founder William Ben Li is even called the “Elon Musk of China,” although there’s no indication that Nio’s founder is following Musk’s more eccentric ways.

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While there’s no guarantee that designer clothes will help Nio vault past rivals like Tesla, Ford (NYSE:F) or the Warren Buffett-backed BYD Company, NIO is making inroads that cannot be ignored.