NIO is on luxury side, meaning it can’t compete with BYD for the global south/rest of the world EV market… also BYD made 3.58 CNY per share last quarter and NIO lost 2.81 CNY per share last quarter so BYD likely to outcompete NIO hard
Chinese declining demographics mean that every year the domestic market is going to be getting smaller and smaller, reducing space for a profitable future… (same deal in nearby markets across Asia, especially S. Korea,...