Trading at the same levels this time of year in 2023 as 2020 and yet the YTD deliveries though July deliveries are up over 4x (75,023 July 2023 vs 17,702 July 2020). Cumulative delivers are up by over 7x (364,579 vs 49,615) comparing the same periods. Definite increase in capacity and demand that rose from 2 EV models in 2020 to 8 in 2023. And battery swap, a serious competitive advantage due to convenience and lower price entry via subscription, is taking off with 1500 stations now deployed as compared to 139 resulting in an increase in cumulative number of swaps from 500K in 2020 to 20M in 2023 this time of year. All of these trends are quite positive. Are we due for another run up and ATH as seen in 2020?
[link] [comments] https://www.reddit.com/r/stocks/comments/15jzi0m/recall_nio_2020_sp_spike_better_positioned_now/
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