NIO

Range anxiety is the most important factor preventing many people from buying an all-electric vehicle, but that anxiety could be largely alleviated if Chinese electric vehicle maker NIO (NYSE: NIO) were to launch this battery pack.

NIO and XPeng, two of the leading companies in the new Chinese car manufacturing industry, have a skill set previously reserved for Tesla.

The New Energy Vehicle Industry Development Plan (2021-2035) may be announced next week, and that electrification and intelligence have become irreversible strategic directions for the development of China's auto industry.

On October 29, Chinese EV maker NIO (NYSE: NIO) saw its 5,000th vehicle of the month rolled off the production line at the Hefei Advanced Manufacturing Base, the company said today.

Following JP Morgan's bullish report two weeks ago, another Wall Street firm Morgan Stanley also joined the ranks of updating their views on Chinese EV maker NIO (NYSE: NIO).

On October 22, Tesla announced its third-quarter financial results, with revenue and net profit up sharply year-over-year, and has been profitable for five consecutive quarters.

In a year or so, the price of the China-made Tesla Model 3 has dropped from nearly RMB 400,000 to RMB 249,900. There's no doubt that an inexpensive, high-quality Tesla has enough momentum to disrupt the EV market, can XPeng and NIO handle the challenge?

"NIO sales are setting new all-time highs every month, which we estimate may become a norm in the near future and reflects customer acceptance", said Shen Feng, executive vice president of NIO, on October 27.

In October 2020, GAC New Energy, as a traditional car company, and NIO, as a new powerhouse in car manufacturing, respectively ushered in an unprecedented OTA upgrade.

NIO has recently become the center of attention again due to complaints from a car owner.