07-12-2020, 10:27 AM
Definitely. If NIO can achieve economies of scale and release a final product commensurate with the current demand patterns in China, then I don't see how it will be anything less than a competitor against Tesla in the Chinese markets. I mean, it is going to get full backing from the Chinese government for starters since it is their domestic product against Tesla, which is an American company. Hopefully, NIO is a product of innovation rather than imitation so we see new features in the electric vehicles industry.