NIO LIMITED

Tesla is planning to expand its operations in Asia’s second-largest economy and has already registered an office in India. The company is likely to start manufacturing its cars already in 2021.

The shares of Nio are bound to see bigger moves particularly with the firm’s readiness to throw its gauntlet in churning out advanced technologies.

With a new electric sedan, Nio seems to take on Tesla that has just started selling its Model Y vehicles from its Shanghai factory. However, Nio itself says their main rivals are BMW’s X3 and Audi’s Q5 sports utility vehicles.