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NIO's Market Cap Just Passed General Motors: Can It Live Up to Its Valuation?

NIO's Market Cap Just Passed General Motors: Can It Live Up to Its Valuation?

On Nov. 2, its market cap surpassed that of German automaker BMW. The very next day, its market cap not only crossed the $50 billion mark, but also surpassed that of General Motors (NYSE: GM). NIO has benefited from a lot of hype around the electric vehicle (EV) industry.