Right now NIO specializes in selling premium electric SUVs and sedans and its major models are ES8, ES6, and EC6. Despite all of this, the company’s shares have been underperforming against its closest competitors such as Tesla (TSLA), XPeng (XPEV), Li Auto (LI), and BYD (OTCPK:BYDDY), since the beginning of 2021.
Who is NIO biggest competitor?
NIO’s top competitors include Tesla, Lucid Motors, Faraday Future and Youxia Motors. NIO specializes in designing and developing high-performance electric vehicles. Tesla is a company that designs, develops, manufactures, and sells electric vehicles and energy storage systems.
Is Xpeng bigger than NIO?
Compared to Nio’s $47.7 billion market capitalization, Xpeng’s $35.7 billion is certainly smaller but still sizable. Moreover, if you assumed that Nio’s financial and EV delivery results were superior, think again.
Is Xpeng stock better than NIO?
We can see NIO stock is valued at a forward price to sales multiple of less than 5x which is quite reasonable given its growth rates. Valued at a market cap of $40 billion, XPeng stock has more than doubled since going public in late 2020.
Who will be Tesla’s biggest competitor?
Seven electric vehicle companies competing with Tesla:
- Rivian Automotive Inc. (RIVN)
- Lucid Group Inc. (LCID)
- Nio Inc. (NIO)
- XPeng Inc. (XPEV)
- Li Auto Inc. (LI)
- Ford Motor Co. (F)
- General Motors Co. (GM)
Does NIO surpass Tesla?
NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis.
Is NIO better than Tesla?
Tesla Is The Safer Bet
Overall, while Nio’s faster recent growth and unique innovations such as Battery as a Service (BaaS) – which allows customers to subscribe for car batteries, rather than paying for them upfront – are no doubt interesting, we think it remains a riskier investment compared to Tesla.
What is the best Chinese electric car?
Here’s the list of top 15 best-selling new energy passenger cars, including SUVs, in China for 2021:
- eQ (Chery)
- Benben EV (Changan)
- Aion S (GAC Motor spin-off)
- Ora Black Cat (Great Wall Motor)
- P7 (Xpeng)
- Tang (BYD)
- Ora Good Cat (Great Wall Motor)
- Nezha V (Hozon Auto)
Is it good to invest in NIO?
Any investor buying Nio shares today likely sees the company’s impressive growth numbers and long-term growth outlook as the core of the bull thesis. In December, Nio reported 10,500 vehicle deliveries, up 50% from a year ago.
Is NIO the largest EV in China?
Xpeng Motors and Li Auto each posted a record for monthly sales, while NIO once again reported deliveries of more than 10,000 units in December, helping reinforce China’s position as the world’s largest EV market.
What is the target price for NIO stock?
Stock Price Targets
| High | $556.10 |
|---|---|
| Median | $319.81 |
| Low | $189.33 |
| Average | $330.30 |
| Current Price | $18.63 |
What does NIO Limited do?
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans.
Why is NIO dropping so much?
Shares of Chinese electric-vehicle maker Nio (NYSE:NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting.
Is Nio a competitor of Tesla?
Its launch follows that of Nio’s first and more expensive ET7 electric sedan — which Li sees as a rival to Tesla’s Model S — and where deliveries are scheduled to start in March. Nio is also expected to unveil another electric vehicle in 2022.
Will Nio stock continue to rise?
Although Nio stock trades at a relatively high 12x consensus 2021 revenues, it should grow into this valuation fairly quickly. Sales are projected to more than double this year and growth is likely to come in at over 65% in 2022 as well, per consensus estimates.
What stock is called the Tesla killer?
Nio comes in at a market capitalization of $82 billion. It delivered triple-digit delivery growth last quarter. Oh, and many have given it the nickname “Tesla Killer.”
Will Nio be successful?
Nio does not provide a long-term expected growth target, but Nio should be in a good position five years from now, even if the growth rate falls a bit from its historical levels. Wall Street analysts expect the company’s sales to grow to $13.6 billion in 2024, up from $2.3 billion in 2020.
Are Nio cars good quality?
It looks great and modern. The built-quality is great, there are no gaps in the panels and it oozes quality. Definitely not according to the stigma of Chinese-made cars. The ES6 comes with a 400-kilometer range, although it’s closer to 250-300.
Is Nio cheaper than Tesla?
The ET7 has a starting price around $69,000, undercutting the Tesla by $20,000. Another trick Nio has up its sleeve is its battery swapping service known as Battery as a Service (BaaS).
What sets NIO apart from their competitors?
Perhaps the most unique thing about NIO is its battery swapping model. As Tesla and others look for ways to boost charging speeds, NIO decided to offer a completely different option: the battery swap.
Is NIO available in USA?
NIO’s current US headquarters is an 85,000 sq. ft. building located at 3200 N. First St., a two-minute drive away on the same block as its new location.
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