1. Nio
âTeslaâ and âChinaâ have been big buzzwords for years, associated as they both are with potentially world-changing innovation and growth. So when a Shanghai-based automotive startup comes along amid whispers of being âChinaâs Teslaâ, you know itâs worth your attention.
Founded back in 2014,Â
NIOÂ (NYSE: NIO) manufactures premium electric vehicles for the international market. While its products have generally been met with critical acclaim, the company has also developed a reputation for being risky and unpredictable. Some commentators fear that its valuation is based on a vague notion of âpotentialâ, rather than its current financial performance â although perhaps a similar charge could be made against Tesla itself.