NIO Will Surpass Tesla as China's Top EV Maker, Navellier Says
[https://www.thestreet.com/investing/nio-to-surpass-tesla-in-china-electric-vehicles-navellier-says](https://www.thestreet.com/investing/nio-to-surpass-tesla-in-china-electric-vehicles-navellier-says)
JUN 28, 2021 1:09 PM EDT
[**DAN WEIL**](https://www.thestreet.com/author/danweil)
NIO ([**NIO**](https://www.thestreet.com/quote/nio)) - [Get Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=NIO) shares rose Monday after Louis Navellier, chief investment officer of money manager Navellier, said the Chinese electric-car maker will surpass Tesla ([**TSLA**](https://www.thestreet.com/quote/tsla)) - [Get Report](https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=TSLA) in China.
“Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” he wrote in a commentary.
“I’m talking about NIO. The reality is that this company is on the verge of dominating the EV market in China and Hong Kong.”
NIO American depositary receipts recently traded at $49.23, up 9.2%. They have climbed 27% in the past month amid investor enthusiasm for EVs.
https://www.reddit.com/r/StockMarket/comments/oa6uj7/nio_will_surpass_tesla_as_chinas_top_ev_maker/
