Why NIO Stock Is Soaring 🇨🇳⚡📈

HyperChange

English - July 21, 2020 23:17 - 12 minutes - 24.3 MB - ★★★★★ - 97 ratings
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Chinese EV-maker NIO has seen its stock price soar 220% in the past year, to a valuation of ~$15B. Is the hype justified for the 'Tesla of China'? I think so. NIO just reported record Q2 deliveries of 10,000+ vehicles, and is set to introduce a lower cost coupe (EC6) later this year. What are your thoughts on NIO stock and it's valuation?