CICC just upgraded to $69 per share because they believe NIO will sell 70,000 ET7s alone. Not counting the 3 SUVs they already sell
NIO makes it to where customers pay a subscription for their battery so they can save around 8k and not worry about Battery degregation. As a customer you pay a monthly subscription for this service. You can also just buy the battery
Battery Swapping: China has over 600 battery swap stations (I Believe).
80% of ppl in China live in Apts so having your own charger is pretty tough. (This was proven by multiple Chinese YouTubers who own Tesla’s, XPENGs, NIOs ect.
China is also a sleeping E-commerce giant. NIO life products selling out in Minutes, they sell food, clothing, bags, all high quality. They’re wanting to change the view on Chinese quality. (NIOs are actually built with the best metals when compared to Tesla and others. (Respect to Tesla tho, they’re amazing)
NIO vehicle margin: 21%+ compare that to other automakers and you’ll see why NIO is priced the way it is. Future earnings will be insane when they’re selling more vehicles
NIO’s cult like following: William Li( NIO CEO) believes the culture of the company is most important. Sort of like Apple. Hundreds and thousands of Chinese NIO owners act the same way as American Tesla owners. Posting And what not. Also helping deliver cars etc.
NIO continues to sell more vehicles every quarter by a ton.
Just look up NIO house if you have no idea what it is.
On Chinese Regulation: China doesn’t go for companies trying to get big. They go for Giants that are already at the top like Baba and Didi. Didi owns 90% of the ridesharing market. NIO has been backed by the Chinese Govt, something we haven’t seen much of before. China already claims it plans on being the EV powerhouse of China, why would they screw themselves?