Why It's Time For Nio to Go Big

For investors, Nio (NYSE: NIO) has always been a swing for the fences. This young electric vehicle (EV) maker took a slightly different route, preferring to spend extensive capital and effort to build out its battery swapping stations. While mostly known for its namesake Nio premium EV brand, the company has recently launched two sub brands, Onvo and Firefly, which are expected to significantly boost deliveries as production accelerates.All that said, it's time for Nio to go big with its new brands, because according to one study, it's end-time in China for a long list of EV brands.Consultancy AlixPartners sent a dire warning to anyone interested when it said that only 15 out of the 129 brands currently selling EVs and plug-in hybrids in China will be financially viable by 2030. That's not great news for just about any automaker outside of China's own juggernaut, BYD. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool