NIO is a disappointment, fail to launch global footprint despite it "lux" EV status. Unable to extend it's batt swap tech beyond China.
NIO Vs. Its Western Peers
NIO Inc. reported solid Q2 earnings with nearly doubled sales, outperforming peers like Tesla, despite missing revenue estimates slightly.NIO's vehicle margins improved to 12.2% in Q2, indicating a positive margin trajectory.NIO's Q3 delivery guidance of 62,000 vehicles suggests continued growth, but profitability remains uncertain, making it a riskier investment compared to BYD.Chinese EV players like NIO and BYD are gaining market share globally, posing a significant threat to Western legacy automobile manufacturers. Andy FengArticle Thesis NIO Inc. reported solid quarterly earnings results, which sent NIO's shares soaring on Thursday. We will take a look at NIO's compelling growth in sales volumes and its margin trajectory. NIO's results have implications for other companies as well, such as automobile manufacturers from Europe and the US that face increasing competition from Chinese EV players. What Happened?
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