US investors looking to build an EV portfolio are not exactly spoilt for choice. Aside from Tesla, many companies haven’t produced cars, or if they have, they’re in such small numbers it’s difficult to know their true potential. Interestingly, however, if you want to narrow your selection to companies that produce more than 100,000 cars a year, you are reduced to a trio of US-listed Chinese producers.

Nio is probably the best known of the three, and comes with its own posy of fanboys who are nearly as militant as some of Tesla’s advocates. Nio’s main party trick is battery swapping, and has well-publicized world-expansion plans which will see its cars in 25 markets, including much of Europe and the US, by the end of 2025.

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