Nio Day 2021 held in the eastern city of Suzhou, China on December 18 not only showcased a new Nio Day 2021 held in the eastern city of Suzhou, China on December 18 not only showcased a new model, the ET5, but also outlined plans for entry into 25 markets by 2025. These plans, however, are likely to put the embattled company under even closer financial scrutiny. Despite selling 91,429 cars in 2021, a 109% year-on-year increase, Nio saw its share price halve over the year.

Adding to the company’s valuation woes was the China factor, most prominently seen with the botched Didi IPO, which has weighed heavily on US listed Chinese stocks. According to Klaus Paur, managing partner at MaLogic,

“Nio’s stock price seems to be under-valued, and this is probably due to the looming uncertainty about the potential delisting of Chinese companies from the US.“

Mark Andrews has written about everything from Japanese houses to heli hikes on New Zealand glaciers, test drives of Chinese cars to bar and restaurant reviews. He currently specialises in travel articles and reviews of Chinese cars plus articles about the Chinese auto industry.