Quick Answer: How Many Cars Has NIO Sold?

Who is Tesla’s biggest competitor?

Major competitors for Tesla include traditional auto companies such as:Ford Motor Company (F), the multinational automobile manufacturer founded in 1903.

General Motors (GM), the U.S.-based automobile manufacturer founded in 1908.

Honda Motor Company (HMC), a multinational automobile manufacturer founded in 1948.More items…•.

Who invested in NIO?

Top 10 Owners of NIO IncStockholderStakeShares ownedBaillie Gifford & Co.10.82%97,777,594BlackRock Fund Advisors3.19%28,869,010The Vanguard Group, Inc.2.86%25,824,382D. E. Shaw & Co. LP2.11%19,034,5926 more rows

What does NIO mean in Chinese?

NIO Lifestyle: Our Chinese name, Weilai, means Blue Sky Coming and this is represented in our symbol. The top is about the sky, openness, vision, the future. The bottom part is about the earth, direction, action and forward momentum.

Why did Tesla invest directly in China?

The new factory will give Tesla access to China, which is the world’s biggest car market. It would also help the company avoid higher import tariffs that are imposed on cars made in the US. … Permission to build the plant has been seen as a sign that Beijing is looking to open up its car market.

Is Tesla successful in China?

But Tesla’s successful run in China hasn’t come without plenty of help. The country’s government has done everything it can to make Tesla flourish, from tax exemptions on sales, to billions of dollars in funding for the construction of its Shanghai factory.

How many vehicles has NIO sold?

Nio’s Revenues have grown from around $720 million in 2018 to about $1.12 billion in 2019, as its vehicle deliveries grew from around 11,300 units to about 20,600 units.

Who is the CEO of Nio?

William LiNIO/CEO

Is Tesla a Chinese company?

Introduction. Tesla (Shanghai) Co., Ltd. (“Tesla Shanghai”) is the Chinese subsidiary Tesla (TSLA) formed to own and operate its production in and sales from the Shanghai factory.

How many cars did NIO sell in 2019?

In the third quarter, Nio delivered 4,196 of its five-seater ES6 SUV and 603 of the ES8, its more expensive seven-seater premium electric SUV. As of September 30, 2019, aggregate deliveries of the company’s ES6 and ES8 reached 23,689 vehicles, of which 12,341 vehicles were delivered in 2019.

Is Tesla dependent on China?

Tesla uses Apple’s playbook to cement its position in China with local suppliers dependent upon it for revenue.

How many Teslas have been sold?

Tesla delivered 367,500 cars in 2019, 50% more than in 2018 and more than triple the number sold in 2017. At the end of 2019, Tesla’s global sales since 2012 totaled over 891,000 units.

Is NIO a good long term investment?

If we consider purely from the economics of selling electric cars then I would say absolutely yes. Nio is a better long term investment than Tesla due to sheer market potential in China. But I don’t think Tesla stock is being valued as a car company at all. If it were then it is obscenely expensive.

Will NIO Stock survive?

NIO also faces increased domestic competition from Xpeng, Byton, and Evergrande, who are all salivating over the high-end EV market. Despite all of these negative signals, NIO may still survive. … As stock surges in November 2019 and early January suggest, NIO still has fight in it.

Is NIO backed by Chinese government?

Share All sharing options for: Nio’s future depends more on the Chinese government than ever. Chinese EV startup Nio announced its first-quarter results last week and, by most accounts, the Tencent-backed company appears to have weathered the impact of COVID-19.

How many cars does NIO sell a year?

So far this year NIO sold: ES6: 9,235 (new) ES8: 1,194 (down 81% year-over-year) Total: 10,429 (up 68% year-over-year)

Is NIO better than Tesla?

Overall, while Nio’s faster recent growth and slightly lower valuation multiple make a case for its stock, it is still a much riskier investment compared to Tesla, given its high cash burn rate, and competition in its bread-and-butter Chinese market.

Can you buy a NIO in the US?

Nio told Autoblog it still hopes to become a truly global brand with a presence in key markets like the United States and Europe, but there’s no fixed date for its entry into either market. As of writing, the ES8 (and smaller models like the ES6) are only sold in their home country of China.

Is NIO a good stock to buy?

NIO Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.