Is NIO stock a Buy or Overvalued? 'Tesla of China'   @Business Insider

Names to know

William Li (Chairman and CEO)

Lihong Qin (President)

Wei Feng (CFO)

Fun Facts

Quick Comps

  • Xpeng or Xiaopeng Motors, also known as, is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, with offices in Mountain View, California in the US and is publicly traded on the New York Stock Exchange. Founded 2014, CEO: He Xiaopeng (Aug 2017–), Headquarters: China
    XPeng delivered 3,478 vehicles in September 2020, a monthly recordXPeng delivered 8,578 vehicles in the third quarter of 2020, an increase of 266% year-on-year
  • Kandi Technologies Group Inc.: China-based Kandi is involved in the development, manufacturing and commercialization of electric vehicles (EVs), all-terrain vehicles (ATVs), battery packs, automobile motors, controllers for electric vehicles, and air-conditioning systems. Since 2013, the company has increased its focus on the development of pure EVs with a particular emphasis on expanding its market share in China. In September, the company announced the establishment of a wholly-owned subsidiary to be known as China Battery Exchange Technology Co. Ltd., which is focused on battery swapping and recycling.2
  • NIO Inc.: NIO builds and sells electric vehicles and parts. Based in China, NIO also offers a range of battery services, including battery charging and battery swapping. In September, NIO delivered 4,708 vehicles, representing a new monthly record and a YOY increase of 133.2%.3
  • Tesla Inc.: Tesla, the world's largest automaker by market value, designs, builds, and sells electric vehicles and electric vehicle powertrain parts. Tesla sells vehicles directly to consumers and powertrain components to other automobile manufacturers. During Q3 2020, Tesla produced over 145,000 vehicles and delivered 140,000 (46.6k/Month)

Possible Entries

NIO just like TSLA is known for some wicked price pull-backs. The heavy April-Oct 2019 88% drop and many 30-60% pull-backs since IPO. July 2020 we've hit new highs and it's been on an uptrend since.

For best uptrend entries on a longer hold I'd look for 180sma on 4hr chart or 9ema on daiy chart & NOT buy near the highs unless I was day trading. Which at times has had very clean setups. But outside my ideal daytrading niche.

So in short strong growth but shorterm stock overvalued