What makes NIO different from Tesla?

NIO VS TESLA CORE BUSINESS & INNOVATION Another difference between the two companies is that Nio is developing its network of swap stations, giving the customers the possibility to swap low batteries in a few minutes rather than recharging to the power station.

Are NIO better than Tesla?

As the sales of NIO EVs rose, Tesla also enjoyed increased sales. The enterprise value of Tesla at $826 billion is currently more than 10 times its March 2020 trough. At the same time, the enterprise value of NIO at $85 billion presently is higher than what Tesla was valued at in the March 2020 trough.

What does NIO have to do with Tesla?

Chinese automaker Nio has been making a strong showing in the electric-vehicle race in China, with aims of challenging Tesla for EV sales supremacy in the country. The automaker claims it prices its vehicles competitively but offers more innovation and technology for the money.

Are NIO cars cheaper than Tesla?

Because Nio can make its cars much cheaper by selling the batteries separately. About a third of Nio owners are choosing to do this, and it means that Nio can make its cars cheaper than an equivalent Tesla. Take Nio’s cheapest car, for example. It’s called the ES6 SUV and it’s Nio’s take on the Tesla Model Y.

How much money does NIO make?

NIO’s Q1 total revenue was RMB 7.982 billion ($1.24 billion), up 481\% year-over-year, with only RMB 576.5 million ($88.0 million) coming from its other sales category. Making up the other revenue streams were its service packages for its electric vehicles, as well as battery swapping, and charging solutions.

Who sells more cars Tesla or NIO?

Overall, Nio sold about 10,000 cars in the second quarter of 2021, and it expects to sell about the same number in the third quarter. That number is smaller than the number of cars that Tesla sells in China. Still, it’s not as big of a gap compared to other automakers in the U.S.