Nio Inc. (NIO) is a Chinese multinational automobile manufacturer that specializes in designing and developing electric vehicles.
And while the company has struggled in recent months due to supply-chain constraints, it’s continuing to see solid growth.
Back in April, NIO reported that it had sold over 100,000 electric vehicles since its founding in 2014. For perspective, it took Tesla (TSLA) over 12 years from its founding to manufacture the same number of electric vehicles.
And in September, NIO delivered 10,628 automobiles worldwide – marking its best month ever… and year-over-year growth of 126%.
This is a trend that will likely only continue to grow…
Since TSLA entered the Chinese market and increased the popularity of electric vehicles in the region, Beijing has realized that it can capitalize on this elevated demand to tackle issues such as air pollution and its over-reliance on fossil fuels.
Because of this, the country amplified its spending in the space. This enabled it to become home to the largest electric-vehicle market in the world. It has also helped bolster NIO’s financials and put pressure on TSLA in the process.
And as China further spends on electric vehicles, it should result in greater revenue for NIO moving forward.
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Making gas-powered cars obsolete.
Whitney Tilson, the hedge fund manager who's nicknamed “The Prophet,” says: “I assure you with 100% certainty this is happening, and for one simple reason: economics.“
Think about it…
You might not want an EV for yourself.
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Why would you choose the alternative?
Some car manufacturers are scrambling to keep up…
“Established carmakers around the world are ripping up their business models in the hope of adapting to a new world in which electricity replaces gasoline and diesel,” says a CNN contributor.
Problem is…
As they jockey for position, guessing which car company will become the next king of EVs is a gamble for anyone wanting to profit from the situation.
But this battery company could be the key to unleashing millions of dollars in new wealth.
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A Wall Street Veteran predicts it will trigger a 1,500% gain in EV sales over the next four years.
In time, it could easily become a household name like Microsoft, Intel or Oracle.
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because for early investors, the potential to make money is off the charts.
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