The new NIO ET5 is an excellent design. It will sell very well. NIO reported the ET5 is already its highest preordered model.
However, this morning's market volatility is pulling back futures & all stocks due to more FUD caused by news about legislation & more Omnicron fear...even though the variant is not worse than Delta...vaccinated/masks; nothing has changed.
NIO should be benefiting from not only NIO Day news about a high revenue model and entering 25 countries by 2025, but also news that Chinese regulatory agencies are negotiating with SEC on audit supervision of foreign companies listed on US exchanges.
This SEC rule requires 3 audits requests over 3 years before a noncompliant foreign company can be threatened with delisting.
Companies like NIO, XPEV, and BABA that have international aspirations and long term success goals will comply...they'be been listed for years and aren't going to jeopardize that. Stocks will get heavily discounted again today as we continue with roller coaster of up and down every single day for a while. Omicron selling is an overreaction. Take advantage of the fear. Keep buying. Keep HODL'ing.$XPeng Inc.(XPEV)$ $NIO Inc.(NIO)$ $Alibaba(BABA)$
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