Despite Earning, Nio Still Has A Bright Future

Six month ago, I talked about Tesla’s nemesis, Nio,

Move Over Tesla, Here Come Nio

The newest competition is Nio. Nio manufactures and markets electric vehicles. Nio already has a vehicle in production and they have delivered over 1,000 units under EP9, EVE, and ES8 brand names.

Nio was founded in 2014 and is headquartered in Shanghai, China and already has financial backing from Baidu and Tencent. This past week, Nio had an initial public offering on the New York stock exchange. They plan to use the money to ramp up production of their current ES8 and launch new vehicles in China first

About the author: TIMM Trader

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