Rate Of Return
Total Assets$NIO Inc(NIO.US)The valuation of Nio, XPeng, and Li Auto is unreasonable, while GAC and Geely offer better value for money. It's absurd that Nio, XPeng, and Li Auto are approaching Geely's market cap, being only 3-4 times that of GAC. There's no real barrier in EV manufacturing - none of them make their own batteries, and AI can be developed with enough money. The high valuation premium enjoyed by Nio, XPeng, and Li Auto will eventually correct.
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