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My investment in NIO
20 Feb 2021 (308 views)

I have finally invested in NIO and bought 500 stocks at $55 USD.

For the past year, I held the view that NIO did not have any special advantage as an electric vehicle manufacturer, compared to Tesla.

Recently, I watched a few YouTube videos that explain their special advantages:

* They are the dominant local manufacturer in the China market and will receive the support of the government.
* They are in discussion with Sinopec to install battery swapping stations in Sinopec stations
* They may provide the battery and power train to other EV manufacturers in China, e.g. XPeng and Li Auto
* They have strong collaboration with CATL battery supplier in China.

Here are the videos from Felix Finance. 

https://www.youtube.com/results?search_query=felix+nio

This is my initial investment. I will be studying NIO more, and may add on to the investment later depending on further developments.

Tan Kin Lian

 

 



My investment in NIO
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I have finally invested in NIO and bought 500 stocks at $55 USD.

For the past year, I held the view that NIO did not have any special advantage as an electric vehicle manufacturer, compared to Tesla.

Recently, I watched a few YouTube videos that explain their special advantages:

* They are the dominant local manufacturer in the China market and will receive the support of the government.
* They are in discussion with Sinopec to install battery swapping stations in Sinopec stations
* They may provide the battery and power train to other EV manufacturers in China, e.g. XPeng and Li Auto
* They have strong collaboration with CATL battery supplier in China.

Here are the videos from Felix Finance. 

https://www.youtube.com/results?search_query=felix+nio

This is my initial investment. I will be studying NIO more, and may add on to the investment later depending on further developments.

Tan Kin Lian