Why Nio Stock Is On Fire Today?
$NIO Inc (NIO.US)$ $DiDi Global (Delisted) (DIDI.US)$ One of the world's leading car leasing companies, LeasePlan, revealed it had signed a partnership with Nio to offer its flagship SUV, ES8, in Norway. Investors may remember that Nio first announced its official entry into Norway in late September with its first ES8 delivery, but its deal with LeasePlan is the first of its kind for the EV manufacturer in Europe. LeasePlan has nearly 1.8 million vehicles across 29 countries and is committed to achieving net-zero emissions from is fleet by 2030.
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FearGreed : Nio is underperforming XPEV and LI, both in delivery and stock. Let’s see if its battery swap differentiation can overcome its weakness in execution. Overseas expansion generates much media buzz but it is not clear how much it helps on the bottom line.