NIO Faces New Competitions and Raytheon Seeing Growth 📈
NIO Faces New Competitions and Raytheon Seeing Growth
NIO Inc. is a Chinese premium electric vehicle company. NIO designs, jointly manufactures, and sells smart and connected electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving, and artificial intelligence. In Q1, NIO made 20,060 deliveries, a new record, up from Q4’s 17,353 deliveries and amounting to a 423% year-over-year uptick.
Competition may be brewing, however, on top of Tesla setting its eyes on China the domestic EV market with other Chinese companies is growing as well. One reason Chinese EV stocks are down is due to the global semiconductor shortage which is weighing in the automotive industry could increasingly impact Chinese EV players. Once this is out the way, or if it will clear, investors in the EV space could find an entry point into Chinese EV stocks like NIO.
Raythen researches, develops, and manufactures advanced technology products in the aerospace and defense industry, including aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones.
Raytheon’s reported revenue climbed 34% over the past year and saw more than $753 million in net income, reversing a year-ago loss and working out to $0.50 per share in earnings. Moreover, the strong defense backlog could make 2021 a lot better than 2020 was for Raytheon.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.