ANALYST: Here’s why Nio isn’t the Chinese Tesla ‘killer’ (TSLA, NIO)
Chinese electric-car marker Nio is not a Tesla “killer” according to Berenberg.
Right now, Nio is dominating China’s market, while Tesla only has around 15% of group sales from China, Berenberg analyst Alexander Haissl said.
Tesla’s Model X has more than double miles of Environment Protection Agency range — an estimate of the number of miles the electric vehicle should be able to travel from a full charge — than Nio’s ES8, Haissl added.
Markets Insider