$NIO Inc.(NIO)$ $Tesla Motors(TSLA)$ $Byd Company Limited(002594)$ $Apple(AAPL)$ $Sony(SONY)$ To get an NEV company on a competitive plane with NIO, BYD or Tesla would cost $120 Billion with a B. NIO has a market cap that is less than half its enterprise value and the enterprise value is half of what Apple or Sony would have to spend if they decide to go it alone, NIO has $60+ per share in hidden value.