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The “Tesla of China:” Why Chinese Electric Vehicle Manufacturer Nio Is Making Waves

Nio’s stock price is up ~1,220% since January
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Nio

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In January, shares of Nio were cheaper than a PSL.

Since then, the Chinese electric vehicle manufacturer has had a major glow-up:

  • Stock price up 1,220% since January
  • ~$50 billion market value—roughly equal to GM’s
  • This week’s Wall Street darling

AKA... the “Tesla of China”

That’s a tough title to live up to, as Nio’s nickname-sake has far less national competition (and a share price of ~$428). But like Tesla, Nio has a headline-hungry founder and a lot of ambition.

Compared to Li Auto and Xpeng—China’s two other publicly traded EV companies—Nio is the main character. It has three electric SUV models, a battery subscription service, and self-driving technology under development.

China’s EV goal: Chances are Nio et al will headline China's aggressive EV push. The country hopes that new energy vehicle sales (think: battery-only EVs and plug-in hybrids) will make up 25% of all car sales by 2025.

Extra-wide lens: Electric vehicle companies, at least, seem to be having a good year. EV stocks that Barron’s tracks are up 360% on average in 2020, though trading in the sector has been “wild” over the past month.

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Tech Brew keeps business leaders up-to-date on the latest innovations, automation advances, policy shifts, and more, so they can make informed decisions about tech.

Keep up with the innovative tech transforming business

Tech Brew keeps business leaders up-to-date on the latest innovations, automation advances, policy shifts, and more, so they can make informed decisions about tech.