Nio: Tesla competitor from China with rally after weak IPO

09/14/2018

First course slide, then rally
The totally crazy IPO of the Tesla competitor Nio

 

  

Nio

NIO ES 8: The all-electric SUV runs since June from the band and is about half as expensive as Tesla's Model X – with comparable performance. Market launch for Europe is planned for 2020. A second model wants to bring NIO at the end of the year on the market.

The Chinese electric car maker Nio wants to compete with Tesla one day – but the IPO on Wednesday in New York ended with significant losses. But since the messy stock market launch, the price has doubled – investors are catching up.

  For his stock market debut, Tesla competitor Nio had ventured on New York's Wall Street: But the IPO of the Chinese electric car maker on Wednesday was significantly burdened by problems of its main rival Tesla. The issue price of the NIO shares was set at $ 6.25 at the lower end of the range, but this also did not help at first: The Nio shares dipped temporarily on the day of their stock market debut by more than 10 percent and closed on Wednesday 5 percent below that issue price.

  But on Thursday then the turnaround: Nio shares increased in the New York trade by almost 80 percent and shot at times beyond the mark of $ 11. The company is currently valued at around $ 10 billion on the New York Stock Exchange. Nio had even hoped for a market capitalization of up to 20 billion dollars, according to an insider before the IPO.

  

Whether buyers from China provided for the delayed course rush, remained initially open. Also on Friday, investors look spellbound on the further course of the Nio share: traders consider further price gains possible, so that the Chinese electric car maker can still hope for a conciliatory stock market debut with two days late.

  

But even the Nio price is likely to fluctuate widely: industry pioneer Tesla struggling with difficulties to achieve its production goals. Last but not least, the pressure on the company's share price also caused Group CEO Elon Musk to consider withdrawing from the stock market, but then abandoned the project.

  
        

Lucid Motors: The US startup with Chinese backers has started as a battery specialist 10 years ago – since 2014, the Californians are working on their own car. At the end of 2016 they presented the Air, a limousine with 1000 hp. The range is just over 600 kilometers thanks to a 130 kWh battery. The market launch of the car is now planned for 2020 …

… but first Lucid Motors has to raise money for the construction of a factory. Lucid is now to talk to the Saudi Arabian sovereign wealth fund about an entry as a majority shareholder. Head of the project is Peter Rawlinson, the former chief engineer of Tesla's Model S (pictured). But: Tesla he does not want to challenge anyway. The main rivals of the Air, he said recently, are the German automakers.

Nio: Since June 2018 Nios first production vehicle ES8 is delivered to customers in China: An electric SUV with a range of 350 kilometers and a replacement battery system priced from $ 68,000. And he'll soon get siblings: At the Shanghai Auto Show in April 2017, Nio introduced 11 model prototypes.

Nio has entered into joint venture agreements with China's automakers Changan and JAC. The ES8 will first be launched in China, and by 2020 it will be available in Europe.

Among the donors of the startup, which has already attracted $ 1.7 billion in investor funds since 2014, include the Chinese Internet giant Tencent, the venture capitalist Sequoia and China's search engine operator Baidu. Now Nio wants to go public in the US – the IPO is to bring in $ 1.8 billion. You can read detailed portraits of startups at manager-magazin.de

Byton, formerly Future Mobility Corporation: The startup, which was only founded in early 2016, will be showing its first prototype at the CES in Las Vegas: an electric SUV with a standard battery charge of 400 kilometers and a cost of around $ 45,000. By the end of 2019, the car will be launched in China. By 2020, the car will also be available in the US and Europe.

Inside, the car offers a 1.25-meter-wide and 25-centimeter-high screen across the entire width of the car. Unlock the car by face recognition, operate by gesture and voice control. At launch, the car should be able to drive completely autonomously over longer distances. The prototype shown, according to Byton is already close to the production car …

Byton is led by the former development manager of the BMW i8, Carsten Breitfeld (pictured). He has made up for the most important BMW people from the electric car project to Byton. Former high-ranking Tesla employees are also on board at Byton. At the plant for production of the car is already built, it should be finished at the end of 2018. The Byton parent Future Mobility Corporation is financed by Apple's contract manufacturer Foxconn and China's internet giant Tencent, among others.

Hybrid Kinetic Group: The concept car H600 stands out with a pretty exterior, the announced performance data steal impression: In less than 3 seconds, the 800-hp luxury sedan to make the sprint to 100 km / h, thanks to range extender in the form of a microturbine over 1000 km come far with a battery charge. But …

… to future factories in China and the financiers in the background, the company is still very covered. Head behind HK is apparently the Chinese billionaire Rong Yang, who once headed the Chinese automaker Brilliance. HK wants to start at the earliest in 2019 – how realistic that is can hardly be estimated for lack of verifiable details.

SF Motors: The electric car startup, behind which the Chinese automaker Sokon Industry Group stands, has no concept car or performance data. But tangible preparations: Since October 2017 Tesla founder Martin Eberhard (pictured) there is the head of strategy, in November, SF has taken over a car factory in Indiana. Headquartered in California and a research center near Detroit are already up and running – industry watchers anticipate a first prototype in early 2018.

Thunder Power: Back in the fall of 2015, the startup from Taiwan presented a first concept car – with a 650-kilometer range, 250 km / h top and pleasing shapes, coming from the Italian design office Zagato. Even with technical details, the Taiwanese are ambitious. So your car should also be wirelessly charged by induction in a short time.

Thunder Power has already filed nearly 400 patents according to its own statements. End of 2018, the series production of the car in China start, Thunder Power aims for an entry price of about $ 63,000. For the Taiwanese works among other things the former developer of the supercar Bugatti Veyron. Who finances Thunder Power, is still somewhat opaque.
You can read detailed portraits of startups at manager-magazin.de

Faraday Future: The concept car FF 91 is quite shapely. But the startup can not comply with his cocky announcements. On the paper impressed the FF 91 quite: 1000 hp, under 3 seconds to 100 km / h, over 600 kilometers range. However, the car, so it is actually built in series, cost over $ 100,000. This is not suitable for the mass market.

Faraday has postponed indefinitely the construction of a Nevada factory. Instead, Faraday now modifies an old Pirelli tire factory to the car plant. For a long time Faraday Future had financial and personnel problems. In July 2018, the Chinese group Evergrande joined as a new donor, which brings some peace in the troubled company. But if Faraday makes the leap to mass production is still open.

  NIO has a competing vehicle to Tesla's Model X in the program. Behind the start-up companies are the Chinese Internet group Tencent, the investment companies Hillhouse Capital and Sequoia Capital and a participation fund of the Chinese search engine operator Baidu.

  

The collected money Nio wants to get stuck in research and development as well as in production facilities. In view of the government's electric car offensive in Beijing, several providers in the People's Republic are currently increasing their capital. Also, the e-car makers WM Motor Technology and Xpeng Motor have collected a total of several billion dollars in investors such as Alibaba stock market chart, Baidu and Tencent. China wants to become one of the world's leading providers in the future market of alternative drive systems.

  
Also read: How well are China's Tesla rivals set up?

  Like other Chinese carmakers, Nio also relies on local production to defy Tesla in the future. Nio accumulated a net loss of approximately $ 500 million in the first half of the year, with sales of just under $ 7 million.

  

NextEV

      Supercar NIO EP9:
      The electric vehicle is powered by four 250 KW engines, it brings in converted 1360 hp and 313 km maximum speed. With this car NIO 2016 presented the first automobile from own production
    

  In June, Nio launched the delivery of the all-electric off-road vehicle ES8, which the group sees as competing with Tesla's Model X. At the end of the year, a second SUV will follow at a lower price. Meanwhile, Tesla is pushing ahead with plans for a new plant in Shanghai.

  Nio has already signed joint venture agreements with Chinese automaker JAC and China's fourth-largest automaker Changan. That should simplify the production of the vehicles. For the ES8 production vehicle, Nio relies on established suppliers, for example Magna is responsible for the aluminum chassis. However, Nio relies on specially developed battery cells. It is still unclear whether Nio has a head start in the search for more powerful lithium-ion battery cells.

  NIO employs about 5,000 people in 19 locations. William Li had the Autobuaer 2014. Originally Li named his startup NextCar. In 2017, however, the company name was changed to NIO.
la / rei with Reuters and dpa

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