SHANGHAI—A year ago, Chinese electric-vehicle startup NIO Inc. was near ruin. Today it is worth more than General Motors Co.
NIO’s brush with bankruptcy and its subsequent revival to become the world’s fourth most valuable auto maker—only Tesla Inc., Toyota Motor Corp. and Volkswagen AG are worth more by market capitalization—is a measure of investors’ seesawing faith in Chinese EV startups, which for years promised a high-tech automotive revolution that proved elusive.
Worth more than GM based on their audited financial statements?
cchukudebelu $NIO
WSJ has regressed to 15 y.o. mentality. 150 US Cadillac dealers are dropping Cadillac because they don't want to phvk with their all electric motors and exploding batteries.
All those EV shares are blowing minds
nós Patriotas conservadores de direita apoiamos integralmente a polícia militar do Rio de Janeiro
This one still perplexes me but good job to anyone who held. Recent retracement still looks like a good opportunity to enter for yet another rip higher. Probably sees $70-80 before Q2 $NIO.
You've posted this at least 10 times
😂worlds gone mad
China loves Biden
Jay Clayton's legacy
People seem to have no clue every single major brand on the planet will carry EV’s in 21.
The reliable electric vehicles in China are BYD, NIO and XPEV
$IDEX is a way better, more profitable and future of EV
Helps when said CHINESE company receives a $5.4M US taxpayer funded PPP loan. Probably used to buy weekly OTM calls.
No to made in China! Send them to Venezuela, Russia, North Korea, Iran and socialist countries. It’s made under duress by Chinese people paid minimal salaries and their country makes thousands folds. Under Biden, it might just pass it. 10% to the big guy.
Short sighted American Cadillac Dealers refusing to sell Electric Vehicles will regret decision big time
Fewer than 7,500 employees sold roughly 8,000 cars in last quarter
Is this some kind of an ad? No way
You're missing the last part of the headline: 'and fell again'.
CC sangriaman
EV's are the future, but there's too much hype surrounding new EV start-ups. When a company goes from near ruin to one year later having a market cap similar to GM, it raises a few question marks
Owned by the CCP!
It might be valued at more than General Motors but what are its tangible assets worth versus those of GM
NIO is a trash company
Lol wait until they have to follow us accounting standards
If you have an amazing car you should make sure you have it on an amazing floor.
蔚来、理想、威妈、长安逸动、领克、宝骏
Me becoming christ conscious, proven..
China will thrive more with ChinaJoeBiden
'worth'
Hmm... what? These numbers are a joke. Talk about overpriced and inflated by a loud CEO.
“Worth”
Who wants to buy a Chinese car other than a Chinese person? 🤷🏻♂️. BoycottChineseProducts BoycottChina
it also should thank the municipal govt of hefei city which invested in it, that city made 3-4 huge successes in venture investment in past 20 yrs, the GDP of that city increased over 30 times, nonparallel in China and probably the entire world.
in midyear I heard it's stock in China rose 50+ times in price! Actually most owners of nio car really like it, near my home in Beijing I've seen 2 new nio cars this year.
Please look into Farmers Protest in Delhi India.They are Protesting against the 3 farm laws which was passed by the govt. in the favour of big corporates like Adani & Ambani. Farmers protesting from last 2 months. FarmersProtest Twitter2Tractor FarmerProtest StandWithFarmers
Yeah, worth in vapor.
🤔🤔
May be time to reconsider the flippant use of the word “worth”
🚫💩🇨🇳
Seems overvalued
Corona Virus did wonders for Chinese economy.
anti-Marxismlist! On my opinion, the human society is running on these: 1 technology define theoretical economic aggregate 2 labour define gross economy 3 finance system define distribution of wealth from gross economy