Where Will Nio Be in 5 Years?
There are several new entrants in the electric vehicle manufacturing space, and figuring out which one of these will succeed in the long run can be quite challenging. EV start-ups that plan to begin production a year or two from now could be particularly risky investments, because there will be quite a few suppliers of electric vehicles by the time these companies enter the market. By comparison, early movers may have more time to establish themselves.
One such company is Nio (NYSE: NIO). Let's take a closer look at how Nio may fare in the long-term.
Founded in 2014, Nio sold 24,439 vehicles in the third quarter. That represents 100.2% growth over the company's year-ago quarter deliveries. In the last two years, Nio has grown its quarterly revenue at an average rate of nearly 137%.
Source Fool.com
