Investors want to be in this stock before the news hits!
Nio’s first electric sedan ( Tesla Model S challenger?) to be launched this year
April 25, 2020 4:28 pm by Bala Natarajan
I am hearing the sedan launch could be announced at any time. NIO might also be taking orders too.
China is determined to become the global center for EV production and is using quotas and subsidies to get there.
Also, to all the short sellers betting against NIO , with over 40 ,000 vehicles sold to Tesla's 300,000, NIO is not far behind.
Keep in mind, China Population: 1.4 Billion = Millions of "Chinese Made" electric vehicles sold.
The new NIO Sedan should sell over 500,000 cars alone, not counting NIO's other SUV vehicles, and this compares to Tesla's 300,000 for "" ALL "" their vehicles - There's no comparison!
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Tencent Holdings Limited Raises Stake in NIO from 15.1% to 16.3%
“ ... we can expect the sedan to be based on the eT concept previewed at the Auto Shanghai last year and some believe it will compete with the Tesla Model S.”