Buy NIO, Sell Benz, BMW, And Volkswagen

Dec. 22, 2022 5:26 AM ETNIO Inc. (NIO)BMWYYMBGAFVWAGY18 Comments


  • Having beaten German carmakers in the world’s largest EV market, NIO will soon press its advantage in international markets.
  • German carmakers risk being left behind in an EV future.
  • NIO’s fast-growing opex will not pose a risk, as the company has plenty of runway.
  • Competition, overinvestment in product development, and the return of zero-COVID lockdowns are the main risks to NIO.


Investment Thesis

NIO’s (NYSE:NIO) decisive victory over German automakers Mercedes-Benz (OTCPK:MBGAF), BMW (OTCPK:BMWYY), and Volkswagen (OTCPK:VWAGY), in the luxury EV segment in China emboldened the Chinese car maker to expand to

NIO Opex



NIO Cash and cash equivalents



Passenger Car Deliveries BMW, Mercedes-Benz, and Volkswagen

Author, Company annual reports


Deliveries and market share

Author, CPCA data


Nokia VS Apple smartphone sales and share price.



This article was written by

The China Investor profile picture
The China Investor


Singaporean investor focused on China equities and macro. Nio investor.