Is this Tesla’s biggest rival? | CNBC Explains

In 2020, Chinese automaker Nio became the fourth most valuable automaker globally, surpassing General Motors and Daimler by market capitalization. CNBC’s Timothyna Duncan explains Nio’s meteoric rise. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC International TV on YouTube: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi