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Why China’s NIO Is Besting Its US Peers—and the US Market

John Parker
Why China’s NIO Is Besting Its US Peers—and the US Market

Chinese electric car maker NIO (NIO), popularly known as China’s Tesla (TSLA) killer, has been breaking the rules of market gravity. Meanwhile, companies (XLY) such as General Motors (GM) and Ford Motor Company (F) have fallen 3.7% and 0.1%, respectively, in November so far. NIO’s direct US peer Tesla has inched up 2.0% this month.