With Tesla and NIO both being in the top five most valuable automakers in 2020, there’s no doubt that these two EV manufacturers are leading the market. But which one will end up being the largest?
Considering Tesla was in the number one spot on the top five automakers list. And they’re founder is the richest man in the world, Elon Musk, There’s no denying that they’ve already got a hold of a big share of the EV market. That doesn’t mean NIO doesn’t have a chance, though. NIO, the Chinese electric vehicle manufacturer located in Shanghai, got off to a rocky start, getting incredibly close to bankruptcy until the government bailed them out. For now at least, this seems like it might have been a good decision, considering NIO’s massive increase in value since bouncing back.
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