Nio Inc. (NIO) is still accelerating to new highs.
All thanks to an explosive electric vehicle market, a new unveil, and record deliveries.
Nio just unveiled a new EV luxury sedan, and a longer-range battery. In fact, it just launched its “first autonomous driving model, the NIO ET7, a smart electric flagship sedan. The ET7 has a pre-subsidy price from RMB 448,000 or RMB 378,000 with BaaS (Battery as a Service).”
Better, recent deliveries were explosive. For December and 2020 full-year delivery results. NIO delivered 7,007 vehicles in December, increasing by 32.4% month-over-month, setting a new record for five consecutive months, and by 121% year-over-year. For the full year, NIO delivered 43,728 vehicles in 2020, representing a year-on-year increase of 112.6%.
At this point, we wouldn’t be shocked to see NIO at $100 this year.
