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BYD and GEELY will do very well (in China), unlike NIO… 🤦‍♂️

$Tesla (TSLA.US)$ Chinese EV makers won’t get ANY market share at all in the US due to the public incentive and something similar is about to happen in Europe… unless they build factories there.
About NIO: it’s not getting anywhere near to a mass production, nor to a break even point.
Now they are launching a phone, clothes, even food with the aim to affirm a NIO-“lifestyle”.
Can it work in China ? Not convincing me, for now…
Can it work outside China ?
WHO wants a NIO-lifestyle in the US or in Europe ? Someone with hallucinations, maybe 😂🤦‍♂️😂
Meanwhile, NIO burns cash like crazy and the battery swap system is revealing al its misery: TOTALLY inefficient from an energetic, productive, logistic and economic point of view. It will be abandoned… SOON
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TESLA holder and trader. Economics and tech studies, writer, traveller and chef for passion. FREE in SouthAmerica 😎
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