STOCK THAT KEEP’S RAISING
The Next Tesla Stock Killer?
NEW YORK STOCK EXCHANGE: NIO & XPENG
TRADE NIO STOCKS
Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7.2 million electric cars.1 Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. As technological progress in the electrification of two/three-wheelers, buses, and trucks advances and the market for them grows, electric vehicles are expanding significantly. Ambitious policy announcements have been critical in stimulating the electric-vehicle rollout in major vehicle markets in recent years. In 2019, indications of a continuing shift from direct subsidies to policy approaches that rely more on regulatory and other structural measures – including zero-emission vehicles mandates and fuel economy standards – have set clear, long-term signals to the auto industry and consumers that support the transition in an economically sustainable manner for governments.
The seven-seater Nio ES8 claims to accelrate from 0-100 kmph in about 4.4 seconds. Nio ES8 is priced at 448,000 yuan ($67,783) in the Chinese market and will rival the Tesla Model X that costs 836,000 yuan. William Li, a founder of NIO. “Our goal is to make charging more handy than refueling.”
NIO is listed on the NYSE
Stocks of NIO gained more than 500% comparing 2020 to 2019
Electric Vehicles sales in % grows every year, pushing capitalisation of related companies up
NIO employs 7,442 staff and keep growing
Global Electric Vehicle Battery market accounted for $35.16 billion in 2019 and is expected to reach $151.69 billion by 2027 growing at a CAGR of 20.1% during the forecast period.
Increase in the global awareness regarding climate change, decrease in the cost of the electric vehicle battery system and rise in the demand for zero-emission vehicles are the major factors driving the market growth
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