Nio

The first batch of Nio EP9 is limited to six units worldwide, and the owners are William Li, founder of Nio, Zhang Lei, founder and CEO of Hillhouse Capital, Pony Ma, founder of Tencent, Liu Qiangdong, founder of JD.com, Lei Jun, founder of Xiaomi, and Li Xiang, founder of Autohome and Li Auto.

Sinopec has more than 30,000 gas stations, ranking second in the world. It is ranked No. 2 on the 2019 Fortune 500 list of the world's largest companies.

What we didn't notice before is that Swiss National Bank, Switzerland's central bank, is also an investor in Nio.

In the opinion of one analyst who follows the industry closely, the answer is no.

GAC Nio was established on April 10, 2018, with GAC Group and GAC New Energy each holding 22.5%, Nio and Nio Fund each holding 22.5%, and the remaining 10% of shares held by the founding team.

Yu said they currently assume no contribution from US sales in their 2025 earnings forecast and reaffirmed his $70 price target on Nio.

Data compiled by cnEVpost showed Nio delivered 17,353 vehicles in the fourth quarter and 43,728 in 2020, up 121 percent from 2019.

"Generally speaking, people who say Li Auto and Nio are bad are either those who have never touched their real cars or those who can't afford them. And then of course there are those who have taken sponsorship from their competitors," Luo said.

Chinese electric carmaker Nio recently bought back and increased its stake in Nio China at a total cost of RMB 15.5 billion ($2.4 billion), which was seen by some as a move to prepare for Nio China's IPO. However, Nio has denied this.

Nio shares rose 156% in the fourth quarter, peaking at $57.20. The stock was traded at $56.67 as of the market close on Friday.