tl;dr
Chinese electric car company NIO (NYSE:NIO) is set to launch its lower-priced brand called Onvo on May 15, as announced on Thursday. NIO revealed that the first Onvo model, the L60, will be a “family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y,” as reported by C...
Chinese electric car company NIO (NYSE:NIO) is set to launch its lower-priced brand called Onvo on May 15, as announced on Thursday. NIO revealed that the first Onvo model, the L60, will be a “family-centric smart BEV priced around RMB 250,000, in the same segment as Tesla Model Y,” as reported by CNBC. CEO William Li had previously stated to CNBC that the first Onvo car will be an SUV cheaper than the Model Y. This announcement comes at a time of a price war in China, the world's biggest electric car market, which has led EV giant Tesla (TSLA) to cut prices. Xpeng (XPEV), another EV startup, is also planning to release a sub-brand called Mona in the next two or three months.
More about Nio Inc Class A ADR
Nio Inc Class A ADR Summary Nio Inc Class A ADR Summary
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in mainland China, Hong Kong, the United States, the United Kingdom, and Germany. The company is headquartered in Shanghai, China.
Industry Information
Industry: MANUFACTURING
Sector: MOTOR VEHICLES & PASSENGER CAR BODIES
Key Financials
Market Cap: 10937466000
Dividend Yield: None
Beta (5Y Monthly): -1.72
PE Ratio (TTM): 32.71
EPS (TTM): -0.38
Revenue: 55617933000
Operating Margin: 9.28
Return on Assets: 0
Return on Equity: 0.065
More about Tesla Inc
Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
MANUFACTURING
MOTOR VEHICLES & PASSENGER CAR BODIES
Revenue: 557217022000
Net Profit Margin: 3.91
Operating Margin: 29.8
Return on Assets: 0.144
Market Cap: 94745002000
PE Ratio: 179.9
EPS: -0.534
Dividend Yield: -0.087
More about Xpeng Inc
Stock Analysis: Xpeng Inc
Xpeng Inc. is a company based in Guangzhou, China, specializing in the design, development, manufacture, and marketing of smart electric vehicles.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Market Cap: 30.676 billion
Current Price: $35.24
Change: -1.68 (-0.338%)
Volume: 30.676 million
EPS: 14.25
P/E Ratio: -0.385
Dividend: 1.539
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