Nio Beats estimates - Can Anyone Compete with China on EVs?
Nio recently beat estimated vehicle deliveries and revenue, showing significant strength both year over year and from the prior quarter. Tesla also announced FSD in China, and while Tesla remains dominant in the luxury EV category, BYD and other Chinese automakers are dominating the affordable, mass produced EV and PHEV category. There really is no other competition right now.
I am not a financial advisor, and nothing I mention is to be construed as personalized financial advice.