NIO Market Cap $50B or 16% higher than XPEV $43B
NIO ASP double that of XPEV (RMB 440k Vs RMB 220k)
NIO Vehicle GM 50% higher than XPEV (20% Vs 14%)
NIO Vehicle Gross Profits more than double that of XPEV (RMB 1.98B Vs RMB 820M in Q3 2021)
XPEV is capacity constrained already at Double Shift with annual capacity of 200,000
Possibly / Maybe XPEV gets to 400,000 in Q4 2022 with opening of Ghuanzou Plant
NIO gets to 250,000 annual capacity going to Double Shift in Q2 2022 with ET7 increasing ASP
NeoPark takes NIO annual capacity to 600,000 in Q4 2022
So in Q4, compared to XPEV, will have:
50% more capacity (that is just with Phase 1 Neo Park there is additional 700,000 capacity yet to come from NeoPark after Phase 1)
2/3 new Next Gen Models which may ensure that deliveries are capacity constrained throughout 2022
Double ASP
50% Higher Vehicle Gross Margin (Plus additional BaaS / ADaaS profits)
Above facts suggest that logically NIO Market Cap should be more than double XPEV
NOTE With launch of ET5 NIO attacks at heart of XPEV (P7) & TSLA (Model 3) sales
I see NO current threat from XPEV or TSLA on NIO dominant EV position in Premium Luxury Segment
I know we have Silly Season when we compare NIO P/S Ratio to TSLA
But Silly Season on comparing 2 Stocks with NIO Market Cap just 16% higher Vs XPEV is just too Stupid
Dark Pools, Shorts, Hedgies have a price to pay on NIO for this Market Cap discrepancy
Payment may be due in 2022 JMHO DYODD$XPeng Inc.(XPEV)$ $NIO Inc.(NIO)$
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