I'm new to investing, not so good with DDs. There are a lot more talented people than me on this sub. I just want to start a discussion.
I watched Tesla go from 300 to 700, to 1200, 1500, 1800, 2000+. Since 300$ everyone was saying it's way overvalued and will crash big time. It kept going.
How is NIO different? It's a good EV company, backed by the government.
- EV marked is growing stronger day by day. In Europe it's already hefty fines for companies not selling enough green cars
- In Norway in October more than 60% of new registered cars were electric
- Chinese government emphasises a lot on environment last few years
- Those Chinese EVs get good reviews and anticipated on European marked
- My guess, Biden will limit trade war with China and make way for green power/EVs
With other words, EV is both present and future. NIO, NIU, XPENG, LI can capture Chinese marked and get a good share European/US marked.
Paired together with cheaper production in China and government behind their back (NIO), it seems like a winning receipt?
XPENG got Baba behind them, not bad neither.
NIU may capture huge scooter market so popular in all Asian countries
Or is it just another LuckinCoffee?
Submitted November 13, 2020 at 08:39PM by aomt https://ift.tt/2UE0PBz
