Inspecting NIO

$NIO Inc.(NIO)$ lis becoming a household name in China. With Investors coining it with the name "Telsa of China", NIO share price has seen a 2 fold increase in just the past year. It is no doubt that NIO is an absolute sleeping tiger that will one day dominate the EV market in China. However, how has it numbers compared to the World's Greatest EV maker,$Tesla Motors(TSLA)$?

Market Cap.

NIO market cap sits at $62B while Tesla's market cap sits

at a staggering $750B as of writing.

EPS.

NIO is currently still unprofitable with an EPS of -0.88 while Tesla is at EPS of 1.90

2021 Q2 Delivery numbers.

NIO deliveries sit at 21,896 while Tesla had almost 10 times NIO’s number at 201,250

2021 Q2 Revenue.

NIO has $1.308B Tesla has $11.96B

Although the technology used by Tesla and NIO are different, the demand for EV all around the world is the perfect condition to cause exponential growth in both companies. I believe that NIO’s slight advantage over Tesla is being able to target its products towards its local citizens and their country of origin, China, much better than Tesla could.

Battery swapping technology is more viable in China compared to charging stations due to the infrastructure constraints that China has. Households in China are not able to install their own EV charging station in the comfort of their homes and might hinder Tesla’s growth throughout China. The trade tensions between China and US definitely does not help with Tesla’s penetration into China.

In conclusion, NIO, in my opinion will grow to be one of China’s biggest companies and see its value multiply in 5-10 years. Or perhaps even sooner.