NIO Limited designs, manufactures, and sells electric vehicles in the People's Republic of China, Hong Kong, the United States, the United Kingdom, and Germany. The company offers five, six, and seven-seater electric SUVs. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers charging solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Power Mobile, a mobile charging service through charging trucks; Public Charger, a public fast charging solution; and Power Express, a 24-hour on-demand pick-up and drop-off charging service. Further, it provides value-added services, such as statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; repair and routine maintenance services; courtesy car services during lengthy repairs and maintenance; and roadside assistance, as well as data packages. NIO Limited has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles; and collaboration agreements with various manufacturers for the manufacture of ES8, a six or seven-seater high-performance electric SUV. The company was formerly known as NextEV Inc. and changed its name to NIO Limited in July 2017. NIO Limited was founded in 2014 and is headquartered in Shanghai, China.
NIO, which was founded in 2014, currently offers two premium electric SUVs ES8 and ES6, which are priced starting at about $51k. The company is also innovating in the self-driving technology space and offers a battery swap service. Nio delivered 20,565 cars last year, marking an 81% year-over-year increase.
NIO is growing faster than Tesla due in part to the large China population.
While NIO is in the earlier phases of growth with revenue expanding 56% last year and growth likely to accelerate in 2020, Tesla sales grew by just 15% last year and could potentially slow in 2020.
Overall, compared to Tesla, NIO’s has a faster growth ratio and lower valuation multiple which makes a case for the stock.
So, at its current price, NIO is in my opinion a buy.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
NIO, which was founded in 2014, currently offers two premium electric SUVs ES8 and ES6, which are priced starting at about $51k. The company is also innovating in the self-driving technology space and offers a battery swap service. Nio delivered 20,565 cars last year, marking an 81% year-over-year increase.
NIO is growing faster than Tesla due in part to the large China population.
While NIO is in the earlier phases of growth with revenue expanding 56% last year and growth likely to accelerate in 2020, Tesla sales grew by just 15% last year and could potentially slow in 2020.
Overall, compared to Tesla, NIO’s has a faster growth ratio and lower valuation multiple which makes a case for the stock.
So, at its current price, NIO is in my opinion a buy.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.