Nio Inc (NIO)

[DewmBoom]

$NIO: The competition between Tesla and NIO in China is really excellent for both. Some people seem to think otherwise but let's explain it. When you compete in the EV space and gain popularity, it is not really a competition within the limited space of 1 million+ EV car sale per year in China. Think more about how could that expand the boundary into the ICE space with car sale ranging from 19 million to 27 million cars and higher depending on the year. The more you compete for being the best in the EV space, the more market penetration you have in the ICE space. As a matter of fact, this potential competition talked about between NIO and Tesla is the best thing that could ever happen to both companies. Think About It. This is a courtesy of DewmBoom.