NIO Limited, among the most popular EV!
Nio ($NIO) is among the most popular stocks with great progression in the Electronic Vehicle Sphere!
The Vehicle sales were US$946.2 million in the fourth quarter of 2020, representing an increase of 130.0% from the fourth quarter of 2019 and an increase of 44.7% from the third quarter of 2020.
Smart Electric Flagship SUV
The all-new ES8 boasts more than 180 product improvements, featuring NEDC range up to 580 km, NIO Pilot (advanced driver assistance system) and NOMI (in-car AI system). With better performance, longer range, sophisticated and high-tech design, the all-new ES8 redefines the smart electric flagship SUV.
NIO also announced its new Power Up Plan, which will provide a commitment of RMB 100 million subsidy for the deployment of a total of 30,000 destination DC chargers, forming a convenient and flexible charging network covering the whole country and making pure electric travel more enjoyable.
CEO and CFO Comments
“NIO concluded a transformational 2020 with a new quarterly delivery record of 17,353 vehicles in the fourth quarter of 2020. The strong momentum has continued in 2021 as we achieved a historic monthly delivery of 7,225 vehicles in January and a resilient delivery of 5,578 vehicles in February, representing strong 352% and 689% year-over-year growth, respectively,” said William Bin Li, founder, chairman and chief executive officer of NIO. “Supported by competitive product offerings, outstanding services and innovative business models, we have won increasing recognition from our users and expect to deliver 20,000 to 20,500 vehicles in the first quarter of 2021.”
NIO appears to us a clear winner to come in next few years with a really good progression in EV.
On March 02, 2021, the Norges Bank took a strong position in NIO.