Tgrrrrrqq的个人主页 - 老虎社区

Tgrrrrrqq

Tgrrrrrqq

暂无个人介绍

IP属地：未知

35关注

6粉丝

0主题

0勋章

2021-07-03

$Starbucks(SBUX)$share share share

2021-07-02

$Sundial Growers Inc.(SNDL)$Rise Rise Rise

2021-06-27

NIO NIO

Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>

2021-06-25

Great

Virgin Galactic stock surged 8% in premarket trading<blockquote>维珍银河股价在盘前交易中飙升8%</blockquote>

2021-06-23

Pls let us know

Morgan Stanley, Ford, Fed and New York Mayoral Race: 5 Things You Must Know<blockquote>摩根士丹利、福特、美联储和纽约市长竞选：你必须知道的5件事</blockquote>

2021-06-23

Niceee

Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>

2021-08-02

Sure.?

抱歉，原内容已删除

2021-07-05

Share

2021-06-27

Share

2021-06-27

Sure

抱歉，原内容已删除

2021-06-14

Tmr will be better

抱歉，原内容已删除

2021-06-09

Nike +++++

2021-07-05

$ReWalk Robotics(RWLK)$....

2021-06-25

Thank Q

抱歉，原内容已删除

2021-06-09

$Starbucks(SBUX)$gogogo

2021-08-15

$Starbucks(SBUX)$go go go

2021-08-15

$Starbucks(SBUX)$go go go

2021-08-15

Share

2021-08-02

Up up up up

2021-07-09

Share share

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3582747298938879","uuid":"3582747298938879","gmtCreate":1619656792609,"gmtModify":1623206178720,"name":"Tgrrrrrqq","pinyin":"tgrrrrrqq","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":6,"headSize":35,"tweetSize":35,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.17","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.10","exceedPercentage":"60.21%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":830113342,"gmtCreate":1629026955286,"gmtModify":1631885856104,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","text":"$Starbucks(SBUX)$go go go","images":[{"img":"https://static.tigerbbs.com/1a183bc4cf61e4e1d715def885d3e521","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830113342","isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830113994,"gmtCreate":1629026939818,"gmtModify":1631885856116,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","text":"$Starbucks(SBUX)$go go go","images":[{"img":"https://static.tigerbbs.com/1a183bc4cf61e4e1d715def885d3e521","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830113994","isVote":1,"tweetType":1,"viewCount":2646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830119199,"gmtCreate":1629026858211,"gmtModify":1631890393463,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share","listText":"Share","text":"Share","images":[{"img":"https://static.tigerbbs.com/b2fc43d90a014b41d195ebb95bf72ef6","width":"1080","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830119199","isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":805653261,"gmtCreate":1627878184253,"gmtModify":1631890393467,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Sure.?&nbsp;","listText":"Sure.?&nbsp;","text":"Sure.?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805653261","repostId":"2156741169","repostType":4,"isVote":1,"tweetType":1,"viewCount":1277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805838296,"gmtCreate":1627869143315,"gmtModify":1631890393485,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Up up up up&nbsp;","listText":"Up up up up&nbsp;","text":"Up up up up","images":[{"img":"https://static.tigerbbs.com/990f243808c65fbcf9486ee3fafc395b","width":"1080","height":"2345"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805838296","isVote":1,"tweetType":1,"viewCount":3362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141151169,"gmtCreate":1625843100851,"gmtModify":1631890393492,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share share&nbsp;","listText":"Share share&nbsp;","text":"Share share","images":[{"img":"https://static.tigerbbs.com/88f6457016ca2cca71e739e9f220a25d","width":"1080","height":"2198"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141151169","isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":149649020,"gmtCreate":1625725152260,"gmtModify":1631885858898,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>.......","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>.......","text":"$Starbucks(SBUX)$.......","images":[{"img":"https://static.tigerbbs.com/db24e06f99601a8d582b94cb33788b80","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149649020","isVote":1,"tweetType":1,"viewCount":1170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157126606,"gmtCreate":1625574030605,"gmtModify":1631885859108,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>upz upz upz&nbsp;","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>upz upz upz&nbsp;","text":"$Starbucks(SBUX)$upz upz upz","images":[{"img":"https://static.tigerbbs.com/8f26f284e5b4cc4d856336da5c8eb5d8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157126606","isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155494479,"gmtCreate":1625447963391,"gmtModify":1631889730967,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>....","listText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>....","text":"$ReWalk Robotics(RWLK)$....","images":[{"img":"https://static.tigerbbs.com/294bb4750828db061fbbcdc1290a0176","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155494479","isVote":1,"tweetType":1,"viewCount":1016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155496260,"gmtCreate":1625447859050,"gmtModify":1631890393506,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share&nbsp;","listText":"Share&nbsp;","text":"Share","images":[{"img":"https://static.tigerbbs.com/897197c6b2e19e52e7c2b9b6638998f6","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155496260","isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":152251201,"gmtCreate":1625300617803,"gmtModify":1631885859336,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>share share share","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>share share share","text":"$Starbucks(SBUX)$share share share","images":[{"img":"https://static.tigerbbs.com/59aaa80e52fac1877fdd8bd053be0a18","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152251201","isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156695814,"gmtCreate":1625216039338,"gmtModify":1631884502411,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Rise Rise Rise&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Rise Rise Rise&nbsp;","text":"$Sundial Growers Inc.(SNDL)$Rise Rise Rise","images":[{"img":"https://static.tigerbbs.com/2385c1dcce2bf9b5a198b02f23ac4774","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156695814","isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156692875,"gmtCreate":1625215992697,"gmtModify":1631890393520,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share Share","listText":"Share Share","text":"Share Share","images":[{"img":"https://static.tigerbbs.com/bfc2c665f3742f847d0611cdbb364fbf","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156692875","isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159541278,"gmtCreate":1624975375994,"gmtModify":1631890393529,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share","listText":"Share","text":"Share","images":[{"img":"https://static.tigerbbs.com/fd258aa4b43225e45d08dd4cd2f4176a","width":"1080","height":"2198"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159541278","isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159540308,"gmtCreate":1624975316304,"gmtModify":1631890393540,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"iPhone 13","listText":"iPhone 13","text":"iPhone 13","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159540308","repostId":"1136739891","repostType":4,"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127035178,"gmtCreate":1624801712894,"gmtModify":1631890393561,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share&nbsp;","listText":"Share&nbsp;","text":"Share","images":[{"img":"https://static.tigerbbs.com/75db10b37d0157d734a42c316ed1cfbd","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127035178","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127035934,"gmtCreate":1624801669128,"gmtModify":1631890393566,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127035934","repostId":"1172710941","repostType":4,"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127032450,"gmtCreate":1624801636370,"gmtModify":1631892680727,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"NIO NIO","listText":"NIO NIO","text":"NIO NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127032450","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohu8.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122644413,"gmtCreate":1624619674632,"gmtModify":1631892680729,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Hmmm.","listText":"Hmmm.","text":"Hmmm.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122644413","repostId":"1137980763","repostType":4,"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122644004,"gmtCreate":1624619638408,"gmtModify":1631889730970,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>vomitt","listText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>vomitt","text":"$ReWalk Robotics(RWLK)$vomitt","images":[{"img":"https://static.tigerbbs.com/7adef987f1bbd80a0d377555eb5fe1f4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122644004","isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":152251201,"gmtCreate":1625300617803,"gmtModify":1631885859336,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>share share share","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>share share share","text":"$Starbucks(SBUX)$share share share","images":[{"img":"https://static.tigerbbs.com/59aaa80e52fac1877fdd8bd053be0a18","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152251201","isVote":1,"tweetType":1,"viewCount":700,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":156695814,"gmtCreate":1625216039338,"gmtModify":1631884502411,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Rise Rise Rise&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Rise Rise Rise&nbsp;","text":"$Sundial Growers Inc.(SNDL)$Rise Rise Rise","images":[{"img":"https://static.tigerbbs.com/2385c1dcce2bf9b5a198b02f23ac4774","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156695814","isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127032450,"gmtCreate":1624801636370,"gmtModify":1631892680727,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"NIO NIO","listText":"NIO NIO","text":"NIO NIO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127032450","repostId":"1137119316","repostType":4,"repost":{"id":"1137119316","kind":"news","pubTimestamp":1624754401,"share":"https://www.laohu8.com/m/news/1137119316?lang=zh_CN&edition=full","pubTime":"2021-06-27 08:40","market":"us","language":"en","title":"Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1137119316","media":"seekingalpha","summary":"I am comparing Ford against NIO in different categories.The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.NIO is growing a lot faster than Ford and the high valuation may be justified.With Ford  launching a major offensive in the market for electric vehicles, Chinese EV maker NIO  will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based ","content":"<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord Or NIO? The Final Verdict<blockquote>福特还是蔚来？最终判决</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">seekingalpha</strong><span class=\"h-time small\">2021-06-27 08:40</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary</b></p><p><blockquote><b>总结</b></blockquote></p><p> <ul>  <li>I am comparing Ford against NIO in different categories.</li>  <li>The comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.</li>  <li>NIO is growing a lot faster than Ford and the high valuation may be justified.</li> </ul> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5033fa117d7852799244b8275bc1000f\" tg-width=\"1536\" tg-height=\"886\"><span>peterschreiber.media/iStock via Getty Images</span></p><p><blockquote><ul><li>我在不同的类别中比较福特和蔚来。</li><li>此次比较旨在加深对福特和蔚来增长潜力的了解，同时突出市场地位和机会的差异。</li><li>蔚来的增长速度比福特快得多，高估值可能是合理的。</li></ul><p class=\"t-img-caption\"><span>peterschreiber.media/iStock来自Getty Images</span></p></blockquote></p><p> With Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.</p><p><blockquote>随着福特（F）在电动汽车市场发起重大攻势，中国电动汽车制造商蔚来（蔚来）未来将面临多一个竞争对手争夺销量。根据市场机会、规模、收入模式、增长前景和估值，哪家汽车制造商提供了最好的交易？我将在每个类别中比较福特和蔚来，并在最后做出最终裁决。</blockquote></p><p> <b>Ford vs. NIO: The battle for the global electric vehicle market is heating up</b></p><p><blockquote><b>福特vs蔚来：全球电动车市场争夺战升温</b></blockquote></p><p> Although there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing&nbsp;$30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.</p><p><blockquote>尽管福特和蔚来之间存在天壤之别，但两家公司将在快速增长的全球电动汽车市场上展开正面交锋。福特的车队尚未专注于电动汽车，但这种情况将会改变：感觉到电动汽车竞赛正在升温，福特表示正在加速其电气化计划，到2025年投资300B美元用于电动汽车制造能力。福特之前的资本计划要求对零排放汽车投资220亿美元。福特还设定了一个雄心勃勃的销售目标：未来十年内其全球销量的40%将是电动汽车，皮卡销量的33%将是电动汽车。如今，电动汽车销量仅占福特销量的1%。随着福特逐步淘汰内燃机，它将在2040年发展成为一家全电动汽车制造商。</blockquote></p><p> <b>Market opportunity</b></p><p><blockquote><b>市场机会</b></blockquote></p><p> In 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.</p><p><blockquote>2020年，全球电动汽车销量为320万辆，市场份额仅为4.2%。然而，2020年，中国购买了全球41%的电动汽车。中国买家去年购买了130万辆电动汽车，随着北京寻求提高电动汽车的采用率，销量将快速增长。电动汽车的第二大市场是欧洲，占全球电动汽车销量的42%。美国只是世界上插电式电动汽车的第三大市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b48c23b32134542f51227d9b1b612887\" tg-width=\"1083\" tg-height=\"863\"><span>(Source: Wikipedia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：维基百科）</span></p></blockquote></p><p> China, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is&nbsp;on the cusp of entering the European market&nbsp;in a bid to grow market share in the world’s second-largest EV market before the competition is ready.</p><p><blockquote>迄今为止，中国是世界上增长最快的电动汽车市场，尽管欧洲正在迅速赶上，部分原因是立法努力增加零排放乘用车的采用，以及对全欧洲充电站网络的大量投资。蔚来即将进入欧洲市场，以期在竞争准备就绪之前扩大在全球第二大电动汽车市场的市场份额。</blockquote></p><p> Beijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a&nbsp;twenty percent share&nbsp;of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.</p><p><blockquote>北京是蔚来汽车行业电气化背后的驱动力：政府希望到2025年电动汽车在新车销售中的份额达到20%，这将推动电动汽车在国内市场的渗透率。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9871e44eaf69adb27151425887870ace\" tg-width=\"739\" tg-height=\"454\"><span>(Source:Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> Turning to growth projections.</p><p><blockquote>转向增长预测。</blockquote></p><p> With more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.</p><p><blockquote>随着中国和欧洲等地政府对电动汽车制造商采取更有利的政策，这些市场有望出现全球最快的销售增长和最高的电动汽车采用率。由于人口规模，中国不仅是最大的市场，而且预计到2030年，中国的电动汽车销量将超过世界上所有其他市场。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/61d19dff2f34e2d8828aca854e85d84a\" tg-width=\"825\" tg-height=\"565\"><span>(Source:McKinsey)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：麦肯锡）</span></p></blockquote></p><p> Since China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.</p><p><blockquote>由于中国拥有更大的总市场规模、更高的电动汽车采用率、更强劲的预期销售增长以及更有利的监管框架，因此中国的赢家将是：蔚来。</blockquote></p><p> <b>Scale and manufacturing competence</b></p><p><blockquote><b>规模和制造能力</b></blockquote></p><p> Ford has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.</p><p><blockquote>福特拥有一个世纪的制造经验。但到目前为止，福特的产品线中只有一款全电动汽车可以与蔚来相媲美：野马Mach-E SUV。2022年，福特将开始销售全电动F-150 Lightening，该车建立在福特最畅销皮卡车的成功基础上。蔚来已经拥有更强大的产品目录，包括5座ES6 SUV、5座轿跑SUV EC6以及6座和7座全尺寸SUV ES8。</blockquote></p><p></p><p> Since NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.</p><p><blockquote>由于蔚来仅专注于生产电动汽车，并且占据了非常小且明确的利基市场，因此这家中国公司在电动汽车制造专业知识方面具有优势。问题是这种优势能持续多久。福特在制造汽车方面拥有丰富的经验，可以利用全球制造基地以比任何利基电动汽车制造商所希望的更快的速度提高电动汽车产量。这使得福特不仅在美国成为特斯拉(TSLA)的有力竞争对手，而且在国外也成为蔚来的有力竞争对手。福特正在加速其电气化计划，它有资源和雄心在未来十年内成为电动汽车的领导者。福特提议在其车队电气化上投入300B美元，这将加速其转型，并使福特成为其他电动汽车制造商的长期威胁。</blockquote></p><p> Winner here: Ford.</p><p><blockquote>赢家：福特。</blockquote></p><p> <b>Differentiation and BaaS revenue model</b></p><p><blockquote><b>差异化和BaaS收入模式</b></blockquote></p><p> Both Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.</p><p><blockquote>福特和蔚来都知道差异化在一个竞争只会随着时间的推移而变得更加激烈的市场中的重要性，这就是为什么两家公司都在一个可以打破或巩固电动汽车市场主导地位的相关领域：电池技术。</blockquote></p><p> Ford is&nbsp;forming a joint venture&nbsp;with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has&nbsp;formed its own joint venture&nbsp;to secure battery supply.</p><p><blockquote>福特正在与韩国电池技术公司SK Innovation组建一家合资企业，以确保牵引电池单元和阵列模块的供应。该合资企业旨在加速电池交付，每年将生产约60 GWh，足以满足福特到2030年预计年度能源需求的25%。蔚来也在投资电池技术，并成立了自己的合资企业来确保电池供应。</blockquote></p><p> The difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.</p><p><blockquote>与福特的不同之处在于，蔚来的电池投资策略围绕电池订阅模式，也称为“电池即服务”，这为这家中国汽车制造商创造了强大的长期收入机会。在这种“BaaS”模式下，购买蔚来电动汽车的用户可以获得7万元人民币的初始折扣，相当于1.08万美元，并且可以签约包月租用可充电的70 kWh电池。然后可以在蔚来的一个电池交换站更换电池，该站遍布中国大多数大城市。电池订阅费用为每月980元人民币，相当于150美元。</blockquote></p><p> The BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.</p><p><blockquote>BaaS模式对汽车制造商和用户都有几个好处：由于预付折扣，从蔚来购买电动汽车变得更加实惠，订阅模式确保用户受益于电池技术的进步和更好的性能随着时间的推移。将电池成本与汽车价格脱钩为蔚来创造了一个全新的订阅收入来源。“BaaS”订阅的收入可用于增加蔚来充电/更换站网络的密度。电池订阅模式还将客户与蔚来绑定在一起，有可能增加客户的终身价值。</blockquote></p><p> Ford and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.</p><p><blockquote>福特和蔚来准备从电动汽车电池成本下降中受益，因为它们增加了资本配置。随着越来越多的投资流入开发更高效的电池，性能将会提高，成本将会下降，这将推动电动汽车的采用并使所有电动汽车制造商受益。这是因为较低的电池价格使电动汽车与内燃机乘用车相比更具竞争力。但由于蔚来明确围绕电池订阅构建其商业模式的一部分，蔚来可能比福特受益更多。</blockquote></p><p> Battery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.</p><p><blockquote>根据投资公司施罗德(Schroders)提供的信息，自2014年以来，电动汽车的电池成本已下降70%，并且在本十年还将进一步下降。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42acb75905affe7570a2f399ea3192f\" tg-width=\"758\" tg-height=\"449\"><span>(Source: Schroders)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：施罗德）</span></p></blockquote></p><p> The “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.</p><p><blockquote>“BaaS”模式非常天才，从长远来看，它可能会发展成为蔚来每年5亿美元的收入机会。尽管福特正在加大对电池技术的投资，但这一类别的赢家是：蔚来。</blockquote></p><p> <b>Sales growth and valuation</b></p><p><blockquote><b>销售增长和估值</b></blockquote></p><p> Ford’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.</p><p><blockquote>福特5月份销量同比增长4.1%，但电动汽车销量（包括混合动力汽车）同比飙升184%，福特5月份售出创纪录的10,364辆电动汽车/混合动力汽车。Escape electrified销量和Explorer Hybrid销量同比增长125%和132%，显示出强劲的客户接受度。蔚来上个月交付了6,711辆汽车，其中包括3,017辆ES6、1,412辆ES8和2,282辆EC6。5月份总交付量同比增长率为95.3%。</blockquote></p><p> Ford's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.</p><p><blockquote>福特的销售额是蔚来的54倍，这为蔚来创造了更多的销售增长和价值重估潜力。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/df5a0a393e44ed74241c5effcdd92350\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p><p><blockquote><p class=\"t-img-caption\"><span>数据来自YCharts</span></p></blockquote></p><p></p><p> The difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!</p><p><blockquote>福特和蔚来的估值差异就像白天和黑夜的区别。这是因为尽管电动汽车类别出现爆炸性增长，但福特仍被视为一家成熟的汽车制造商，预计企业销量将实现中低位数增长。预计到2025财年（基准年：2020财年），福特的收入将增长33%，蔚来的收入将增长808%！</blockquote></p><p> Due to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.</p><p><blockquote>由于这些销量增长的差异，蔚来与福特完全相反，至少就估值而言。这家中国电动汽车制造商预计今年的销量和交付量将增长接近100%，由于蔚来只经营电动汽车，蔚来的市值与销售额比率远高于福特。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/817605c6b1e82c03d0473ea570d32b8f\" tg-width=\"506\" tg-height=\"406\"><span>(Source: Author)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（来源：作者）</span></p></blockquote></p><p> <b>NIO has larger risks...</b></p><p><blockquote><b>蔚来风险更大……</b></blockquote></p><p> NIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.</p><p><blockquote>蔚来是风险更大的企业，但也是最有希望的企业。政府政策有利于蔚来等电动汽车制造商。蔚来的全球总销量增长潜力更大，因为与福特相比，它的收入基础较小。但也有一些事情对蔚来不利。例如，对于蔚来来说，由于生产缺陷而导致的召回将是一个比福特更大的挑战，福特可以依赖全球服务和分销网络。蔚来的估值也并非没有风险，因为生产受挫导致销售增长意外放缓将对财务状况造成更大的影响。</blockquote></p><p> <b>Final verdict</b></p><p><blockquote><b>终审判决</b></blockquote></p><p> NIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.</p><p><blockquote>蔚来绝对是更“性感”的汽车制造商。中欧的强劲采用和销售增长支持了蔚来。其超级智能BaaS模型将车辆购买价格与电池成本脱钩，这是天才之举。你为这种增长付出了高昂的代价，但蔚来的市场机会是巨大的。</blockquote></p><p> Ford’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.</p><p><blockquote>福特的电动汽车销量正在蓬勃发展，随着汽车制造商对其车队进行电气化，电动汽车销量的比例将会增加。福特在电动汽车市场潜力巨大，但由于电动汽车销量占总销量的比例仍然相对较低，福特需要很长时间才能完成转型。</blockquote></p><p> If you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.</p><p><blockquote>如果您相信全球电动汽车市场的潜力，请购买蔚来。如果您相信全球电动汽车市场的潜力并且不喜欢太多风险，请购买福特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict\">seekingalpha</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4436600-ford-or-nio-the-final-verdict","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137119316","content_text":"Summary\n\nI am comparing Ford against NIO in different categories.\nThe comparison is intended to improve the understanding of Ford's and NIO's growth potential while highlighting differences in market position and opportunities.\nNIO is growing a lot faster than Ford and the high valuation may be justified.\n\npeterschreiber.media/iStock via Getty Images\nWith Ford (F) launching a major offensive in the market for electric vehicles, Chinese EV maker NIO (NIO) will face one more rival competing for sales in the future. Which vehicle maker offers the best deal based on market opportunity, scale, revenue model, growth prospects and valuation? I will compare Ford against NIO in each category and issue a final verdict at the end.\nFord vs. NIO: The battle for the global electric vehicle market is heating up\nAlthough there is a world of difference between Ford and NIO, both companies are set to go toe-to-toe in the rapidly growing global electric vehicle market. Ford’s fleet is not yet EV-focused but this is going to change: Feeling that the EV race is heating up, Ford said it is accelerating its electrification plan by investing $30B into its EV manufacturing capabilities until 2025. Ford’s previous capital plan called for a $22B investment in zero-emission vehicles. Ford also set an ambitious sales goal: 40% of its global sales will be electric within the next decade and 33% of pickup truck sales. Electric vehicle sales account for just 1% of Ford's sales today. As Ford is phasing out combustion engines, it is set to evolve into an all-electric vehicle maker by 2040.\nMarket opportunity\nIn 2020, 3.2m electric vehicles were sold in the world which represented a small market share of just 4.2%. China, however, was responsible for buying 41% of all electric vehicles in the world in 2020. Chinese buyers purchased 1.3m electric vehicles last year and sales are set to grow fast as Beijing seeks to boost EV adoption. The second largest market for electric vehicles was Europe which accounted for 42% of global EV sales. The US is only the third-largest market for plug-in electric vehicles in the world.\n(Source: Wikipedia)\nChina, by far, is the fastest growing EV market in the world, although Europe is catching up fast, in part due to a legislative efforts to increase adoption of zero-emission passenger vehicles and because of massive investments in a Europe-wide charging station network. NIO is on the cusp of entering the European market in a bid to grow market share in the world’s second-largest EV market before the competition is ready.\nBeijing is a driver behind the electrification of the Chinese auto industry: The government wants to see a twenty percent share of electric vehicles for new car sales by 2025 which will drive EV penetration in NIO’s home market.\n(Source:Schroders)\nTurning to growth projections.\nWith more favorable government policies for EV makers in places like China and Europe, these markets are poised to see the fastest sales growth and the highest EV adoption rates in the world. China is not only the largest market due to population size but is also expected to outperform all other markets in the world in EV sales until 2030.\n(Source:McKinsey)\nSince China has a larger total market size, a higher EV adoption rate, stronger expected sales growth and a more favorable regulatory framework, the winner here would be: NIO.\nScale and manufacturing competence\nFord has a century’s worth of manufacturing experience. But Ford, so far, has only one all-electric vehicle in its product line-up that compares to NIO: The Mustang Mach-E SUV. In 2022, Ford will begin to sell the all-electric F-150 Lightening which builds on the success of Ford’s best-selling pick-up truck. NIO already has a stronger product catalog including the 5-seater ES6 SUV, the 5-seater coupe SUV EC6 and the ES8, a 6-seater and 7-seater full-sized SUV.\nSince NIO is solely focused on producing EVs and occupies a very small and defined niche, the Chinese firm has an advantage as far as EV-manufacturing expertise goes. The question is how long this advantage can last. Ford has extensive experience in building cars and can leverage a global manufacturing base to ramp up EV production faster than any niche EV maker could ever hope to achieve. This makes Ford a very serious rival not only to Tesla (TSLA) in the US, but also to NIO abroad. Ford is accelerating its electrification plans and it has the resources and the ambition to become a leader in EVs within the next decade. Ford’s proposed $30B spending on the electrification of its fleet will accelerate its transformation and turn Ford into a long term threat to other EV makers.\nWinner here: Ford.\nDifferentiation and BaaS revenue model\nBoth Ford and NIO know about the importance of differentiation in a market that will only get more competitive over time, which is why both companies are investing heavily in a related field that can break or solidify dominance in the EV market: Battery technology.\nFord is forming a joint venture with South Korean battery technology company SK Innovation to secure supply of traction battery cells and array modules. The joint venture is meant to accelerate battery deliveries and will produce approximately 60 GWh annually, enough to cover 25% of Ford’s estimated annual energy demand by 2030. NIO is also investing in battery technology and has formed its own joint venture to secure battery supply.\nThe difference to Ford is that NIO’s battery investment strategy revolves around a battery subscription model, also called “battery-as-a-service”, which creates a strong, long term revenue opportunity for the Chinese vehicle maker. Under this “BaaS” model, users who buy a NIO electric vehicle get a 70,000 RMB initial discount, equivalent to $10,800, and can sign up for a monthly subscription to rent a rechargeable 70 kWh battery. Batteries can then be exchanged at one of NIO’s battery-swapping stations which can be found in most big Chinese cities. A battery subscription costs 980 RMB monthly which is the equivalent of $150.\nThe BaaS model has a couple of benefits for both the vehicle maker and the user: Purchasing an electric vehicle from NIO gets a lot more affordable due to the up-front discount and the subscription model ensures that users benefit from advancement in battery technology and better performance over time. Decoupling battery costs from vehicle prices creates an entirely new revenue stream on a subscription basis for NIO. Revenues from “BaaS” subscriptions could be used to increase the density of NIO’s network of charging/replacement stations. The battery subscription model also binds customers to NIO, potentially increasing customer lifetime value.\nFord and NIO are primed to benefit from falling battery costs for electric vehicles as they ramp up capital allocations. As more investments flow into developing more efficient batteries, performance will go up and costs will go down which should drive EV adoption and benefit all EV makers. This is because lower battery prices make EVs more competitive to passenger vehicles with combustion engines. But since NIO is structuring a part of its business model explicitly around battery subscriptions, NIO could benefit more than Ford.\nBattery costs for EVs have decreased 70% since 2014, based on information provided by investment firm Schroders, and are set to decrease more this decade.\n(Source: Schroders)\nThe “BaaS” model is genius and could develop into a $500M a year revenue opportunity for NIO long term. Although Ford is ramping up its investments in battery technology, the winner in this category is: NIO.\nSales growth and valuation\nFord’s sales in May grew 4.1% Y/Y but electrified vehicle sales (including hybrids) surged 184% Y/Y as Ford sold a record 10,364 EVs/hybrids in May. Escape electrified sales and Explorer Hybrid grew sales at 125% and 132% Y/Y showing strong customer uptake. NIO delivered 6,711 vehicles last month including 3,017 ES6s, 1,412 ES8s and 2,282 EC6s. Total Y/Y delivery growth for May was 95.3%.\nFord's sales are fifty-four times larger than NIO's which creates more sales growth and revaluation potential for NIO.\nData by YCharts\nThe difference in valuation between Ford and NIO is like the difference between night and day. This is because Ford is still seen as a mature vehicle maker with expected enterprise sales growth in the low-to-mid digits, despite explosive growth in the EV category. Ford is expected to grow revenues by 33% until FY 2025 (base year: FY 2020) and NIO by 808%!\nDue to these differences in sales growth, NIO is the complete opposite of Ford, at least as far as valuation goes. The Chinese EV-maker is expected to see sales and delivery growth close to 100% this year and since NIO is only dealing in EVs, NIO gets a much higher market-cap-to-sales ratio than Ford.\n(Source: Author)\nNIO has larger risks...\nNIO is the more risky venture, but also the one that offers the most promise. Government policy favors EV-makers like NIO. The potential for total global sales growth is larger for NIO as it operates from a smaller revenue base compared to Ford. But there are also a few things that work against NIO. For example, recalls due to production defects would be a much bigger challenge for NIO to overcome than for Ford which can rely on a global service and distribution network. NIO’s valuation is also not without risk as an unexpected slowing of sales growth due to production setbacks would leave a much larger dent in the financials.\nFinal verdict\nNIO is definitely the more “sexy” vehicle maker. Strong adoption and sales growth in China and Europe support NIO. Its super smart BaaS model which decouples vehicle purchase prices from battery costs is genius. You pay a high price for this growth but the market opportunity for NIO is immense.\nFord’s EV sales are booming and the percentage of EV sales will increase as the vehicle maker electrifies its fleet. Ford has a lot of potential in the EV market but since EV sales are still a relatively low percentage of total sales, it will take a long time for Ford to complete its transformation.\nIf you believe in the potential of the global EV market, buy NIO. If you believe in the potential of the global EV market and don’t like much risk, buy Ford.","news_type":1,"symbols_score_info":{"NIO":0.9,"F":0.9}},"isVote":1,"tweetType":1,"viewCount":470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122642727,"gmtCreate":1624619576569,"gmtModify":1631892680736,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122642727","repostId":"1148636987","repostType":4,"repost":{"id":"1148636987","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624618161,"share":"https://www.laohu8.com/m/news/1148636987?lang=zh_CN&edition=full","pubTime":"2021-06-25 18:49","market":"us","language":"en","title":"Virgin Galactic stock surged 8% in premarket trading<blockquote>维珍银河股价在盘前交易中飙升8%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1148636987","media":"Tiger Newspress","summary":"Virgin Galactic stock surged 8% in premarket trading on geting the green light from the FAA to fly p","content":"<p>Virgin Galactic stock surged 8% in premarket trading&nbsp;on&nbsp;geting the green light from the FAA to fly passengers to space.</p><p><blockquote>维珍银河股价在获得美国联邦航空局(FAA)批准将乘客送入太空后，在盘前交易中飙升8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7320d7edbb888ab9f6ac15df4fc038c7\" tg-width=\"909\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Virgin Galactic&nbsp;announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture completes development testing.</p><p><blockquote>维珍银河周五宣布，美国联邦航空管理局授予该公司在未来太空飞行中运送乘客所需的许可证，这是该合资企业完成开发测试的一个关键障碍。</blockquote></p><p> “The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC. “This is obviously an exciting milestone and a huge compliment to the team.”</p><p><blockquote>维珍银河首席执行官迈克尔·科尔格拉齐尔(Michael Colglazier)对CNBC表示：“我们自2016年以来一直持有的商业许可证仍然有效，但现在已获准在我们准备好时运送商业乘客。”“这显然是一个激动人心的里程碑，也是对团队的巨大褒奖。”</blockquote></p><p> While the FAA previously gave Virgin Galactic a launch license to conduct spaceflights, the license expansion allows the company to fly what the regulator calls “spaceflight participants.” The company completed a 29 element verification and validation program for the FAA, clearing the final two FAA milestones with its most recent spaceflight test in May. Colglazier noted the two last milestones were specific to the spacecraft’s flight control systems and inertial navigation systems.</p><p><blockquote>虽然美国联邦航空局此前授予维珍银河进行太空飞行的发射许可证，但许可证的扩展允许该公司飞行监管机构评级的“太空飞行参与者”。该公司为FAA完成了29个要素的验证和确认计划，并在5月份的最新太空飞行测试中清除了FAA的最后两个里程碑。科尔格拉齐尔指出，最后两个里程碑是针对航天器的飞行控制系统和惯性导航系统的。</blockquote></p><p> Virgin Galactic’s stock rose above $40 a share this week, after a tumultuous start to the year. Shares climbed above $60 in February and then slid to a low near $15 last month before rebounding.</p><p><blockquote>在经历了年初的动荡之后，维珍银河的股价本周升至每股40美元以上。股价在2月份攀升至60美元以上，然后在上个月跌至15美元附近的低点，然后反弹。</blockquote></p><p> Notably, Virgin Galactic chief astronaut trainer Beth Moses is the only non-pilot to fly on one of the company’s spaceflights. To date, five Virgin Galactic employees, including four pilots, have become FAA-recognized astronauts – as the U.S. officially views an altitude of 80 kilometers (or about 50 miles) as the boundary to space.</p><p><blockquote>值得注意的是，维珍银河首席宇航员培训师贝丝·摩西是唯一一位参加该公司太空飞行的非飞行员。迄今为止，包括四名飞行员在内的五名维珍银河员工已成为美国联邦航空局认可的宇航员——因为美国官方将80公里（约50英里）的高度视为太空边界。</blockquote></p><p> Virgin Galactic’s spacecraft Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each.</p><p><blockquote>维珍银河的Unity航天器设计为最多可容纳六名乘客和两名飞行员。该公司约有600张未来航班的机票预订，每张售价在20万美元至25万美元之间。</blockquote></p><p> <b>Next spaceflights TBD</b></p><p><blockquote><b>下一次太空飞行待定</b></blockquote></p><p> With three spaceflights tests completed to date over the last two years, Virgin Galactic now has three more spaceflight tests planned before it completes development. The company previously announced its next spaceflight would carry four passengers to test the spacecraft’s cabin, its second would fly founder&nbsp;Sir Richard Branson&nbsp;and the third will&nbsp;carry members of the Italian Air Force&nbsp;for professional astronaut training.</p><p><blockquote>随着过去两年迄今为止完成了三次太空飞行测试，维珍银河现在计划在完成开发之前再进行三次太空飞行测试。该公司此前宣布，其下一次太空飞行将搭载四名乘客来测试航天器的客舱，第二次将搭载创始人理查德·布兰森爵士，第三次将搭载意大利空军成员进行专业宇航员训练。</blockquote></p><p> However,a report earlier this month&nbsp;by a blogger based in Mojave, California – where Virgin Galactic manufactures its vehicles – said the company is considering reorganizing its flight schedule to launch Branson next over the July 4 weekend. The report came shortly after&nbsp;Jeff Bezos&nbsp;announced he would fly on Blue Origin’s first passenger spaceflight, planned to launch on July 20 – suggesting Branson may yet try to beat Bezos to personally flying to space.</p><p><blockquote>然而，本月早些时候，维珍银河生产车辆的加利福尼亚州莫哈韦的一位博主发布了一份报告，称该公司正在考虑重组其航班时刻表，以便在7月4日周末推出布兰森next。这份报告是在杰夫·贝索斯宣布他将乘坐蓝色起源的首次客运太空飞行后不久发布的，该飞行计划于7月20日发射——这表明布兰森可能会试图击败贝佐斯亲自飞往太空。</blockquote></p><p> Colglazier said the FAA approval means “the flight test program shifts now” to demonstrating “the cabin experience” of the spacecraft.</p><p><blockquote>科尔格拉齐尔表示，美国联邦航空局的批准意味着“飞行测试计划现在转向”展示航天器的“舱内体验”。</blockquote></p><p> “I know there’s a lot of interest and speculation out there but we have not announced either the date nor the people that would be on those,” Colglazier said. “We approach this very methodically, with safety as the first consideration, and when we have all those boxes checked and all the steps in place – that’s when we can move forward and announce.”</p><p><blockquote>科尔格拉齐尔说：“我知道有很多兴趣和猜测，但我们还没有宣布日期或参加这些活动的人员。”“我们非常有条不紊地处理这一问题，将安全作为首要考虑因素，当我们选中所有这些框并采取所有步骤时，我们就可以继续前进并宣布。”</blockquote></p><p> Development delays have pushed back the company’s promised beginning of commercial service from mid-2020 to early 2022.</p><p><blockquote>开发延迟将该公司承诺的商业服务开始时间从2020年中期推迟到2022年初。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Virgin Galactic stock surged 8% in premarket trading<blockquote>维珍银河股价在盘前交易中飙升8%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVirgin Galactic stock surged 8% in premarket trading<blockquote>维珍银河股价在盘前交易中飙升8%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-25 18:49</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Virgin Galactic stock surged 8% in premarket trading&nbsp;on&nbsp;geting the green light from the FAA to fly passengers to space.</p><p><blockquote>维珍银河股价在获得美国联邦航空局(FAA)批准将乘客送入太空后，在盘前交易中飙升8%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/7320d7edbb888ab9f6ac15df4fc038c7\" tg-width=\"909\" tg-height=\"663\"></p><p><blockquote></blockquote></p><p> Virgin Galactic&nbsp;announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture completes development testing.</p><p><blockquote>维珍银河周五宣布，美国联邦航空管理局授予该公司在未来太空飞行中运送乘客所需的许可证，这是该合资企业完成开发测试的一个关键障碍。</blockquote></p><p> “The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC. “This is obviously an exciting milestone and a huge compliment to the team.”</p><p><blockquote>维珍银河首席执行官迈克尔·科尔格拉齐尔(Michael Colglazier)对CNBC表示：“我们自2016年以来一直持有的商业许可证仍然有效，但现在已获准在我们准备好时运送商业乘客。”“这显然是一个激动人心的里程碑，也是对团队的巨大褒奖。”</blockquote></p><p> While the FAA previously gave Virgin Galactic a launch license to conduct spaceflights, the license expansion allows the company to fly what the regulator calls “spaceflight participants.” The company completed a 29 element verification and validation program for the FAA, clearing the final two FAA milestones with its most recent spaceflight test in May. Colglazier noted the two last milestones were specific to the spacecraft’s flight control systems and inertial navigation systems.</p><p><blockquote>虽然美国联邦航空局此前授予维珍银河进行太空飞行的发射许可证，但许可证的扩展允许该公司飞行监管机构评级的“太空飞行参与者”。该公司为FAA完成了29个要素的验证和确认计划，并在5月份的最新太空飞行测试中清除了FAA的最后两个里程碑。科尔格拉齐尔指出，最后两个里程碑是针对航天器的飞行控制系统和惯性导航系统的。</blockquote></p><p> Virgin Galactic’s stock rose above $40 a share this week, after a tumultuous start to the year. Shares climbed above $60 in February and then slid to a low near $15 last month before rebounding.</p><p><blockquote>在经历了年初的动荡之后，维珍银河的股价本周升至每股40美元以上。股价在2月份攀升至60美元以上，然后在上个月跌至15美元附近的低点，然后反弹。</blockquote></p><p> Notably, Virgin Galactic chief astronaut trainer Beth Moses is the only non-pilot to fly on one of the company’s spaceflights. To date, five Virgin Galactic employees, including four pilots, have become FAA-recognized astronauts – as the U.S. officially views an altitude of 80 kilometers (or about 50 miles) as the boundary to space.</p><p><blockquote>值得注意的是，维珍银河首席宇航员培训师贝丝·摩西是唯一一位参加该公司太空飞行的非飞行员。迄今为止，包括四名飞行员在内的五名维珍银河员工已成为美国联邦航空局认可的宇航员——因为美国官方将80公里（约50英里）的高度视为太空边界。</blockquote></p><p> Virgin Galactic’s spacecraft Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each.</p><p><blockquote>维珍银河的Unity航天器设计为最多可容纳六名乘客和两名飞行员。该公司约有600张未来航班的机票预订，每张售价在20万美元至25万美元之间。</blockquote></p><p> <b>Next spaceflights TBD</b></p><p><blockquote><b>下一次太空飞行待定</b></blockquote></p><p> With three spaceflights tests completed to date over the last two years, Virgin Galactic now has three more spaceflight tests planned before it completes development. The company previously announced its next spaceflight would carry four passengers to test the spacecraft’s cabin, its second would fly founder&nbsp;Sir Richard Branson&nbsp;and the third will&nbsp;carry members of the Italian Air Force&nbsp;for professional astronaut training.</p><p><blockquote>随着过去两年迄今为止完成了三次太空飞行测试，维珍银河现在计划在完成开发之前再进行三次太空飞行测试。该公司此前宣布，其下一次太空飞行将搭载四名乘客来测试航天器的客舱，第二次将搭载创始人理查德·布兰森爵士，第三次将搭载意大利空军成员进行专业宇航员训练。</blockquote></p><p> However,a report earlier this month&nbsp;by a blogger based in Mojave, California – where Virgin Galactic manufactures its vehicles – said the company is considering reorganizing its flight schedule to launch Branson next over the July 4 weekend. The report came shortly after&nbsp;Jeff Bezos&nbsp;announced he would fly on Blue Origin’s first passenger spaceflight, planned to launch on July 20 – suggesting Branson may yet try to beat Bezos to personally flying to space.</p><p><blockquote>然而，本月早些时候，维珍银河生产车辆的加利福尼亚州莫哈韦的一位博主发布了一份报告，称该公司正在考虑重组其航班时刻表，以便在7月4日周末推出布兰森next。这份报告是在杰夫·贝索斯宣布他将乘坐蓝色起源的首次客运太空飞行后不久发布的，该飞行计划于7月20日发射——这表明布兰森可能会试图击败贝佐斯亲自飞往太空。</blockquote></p><p> Colglazier said the FAA approval means “the flight test program shifts now” to demonstrating “the cabin experience” of the spacecraft.</p><p><blockquote>科尔格拉齐尔表示，美国联邦航空局的批准意味着“飞行测试计划现在转向”展示航天器的“舱内体验”。</blockquote></p><p> “I know there’s a lot of interest and speculation out there but we have not announced either the date nor the people that would be on those,” Colglazier said. “We approach this very methodically, with safety as the first consideration, and when we have all those boxes checked and all the steps in place – that’s when we can move forward and announce.”</p><p><blockquote>科尔格拉齐尔说：“我知道有很多兴趣和猜测，但我们还没有宣布日期或参加这些活动的人员。”“我们非常有条不紊地处理这一问题，将安全作为首要考虑因素，当我们选中所有这些框并采取所有步骤时，我们就可以继续前进并宣布。”</blockquote></p><p> Development delays have pushed back the company’s promised beginning of commercial service from mid-2020 to early 2022.</p><p><blockquote>开发延迟将该公司承诺的商业服务开始时间从2020年中期推迟到2022年初。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148636987","content_text":"Virgin Galactic stock surged 8% in premarket trading on geting the green light from the FAA to fly passengers to space.\n\nVirgin Galactic announced on Friday that the Federal Aviation Administration granted the company the license it needs to fly passengers on future spaceflights, a key hurdle as the venture completes development testing.\n“The commercial license that we have had in place since 2016 remains in place, but is now cleared to allow us to carry commercial passengers when we’re ready to do so,” Virgin Galactic CEO Michael Colglazier told CNBC. “This is obviously an exciting milestone and a huge compliment to the team.”\nWhile the FAA previously gave Virgin Galactic a launch license to conduct spaceflights, the license expansion allows the company to fly what the regulator calls “spaceflight participants.” The company completed a 29 element verification and validation program for the FAA, clearing the final two FAA milestones with its most recent spaceflight test in May. Colglazier noted the two last milestones were specific to the spacecraft’s flight control systems and inertial navigation systems.\nVirgin Galactic’s stock rose above $40 a share this week, after a tumultuous start to the year. Shares climbed above $60 in February and then slid to a low near $15 last month before rebounding.\nNotably, Virgin Galactic chief astronaut trainer Beth Moses is the only non-pilot to fly on one of the company’s spaceflights. To date, five Virgin Galactic employees, including four pilots, have become FAA-recognized astronauts – as the U.S. officially views an altitude of 80 kilometers (or about 50 miles) as the boundary to space.\nVirgin Galactic’s spacecraft Unity is designed to hold up to six passengers along with the two pilots. The company has about 600 reservations for tickets on future flights, sold at prices between $200,000 and $250,000 each.\nNext spaceflights TBD\nWith three spaceflights tests completed to date over the last two years, Virgin Galactic now has three more spaceflight tests planned before it completes development. The company previously announced its next spaceflight would carry four passengers to test the spacecraft’s cabin, its second would fly founder Sir Richard Branson and the third will carry members of the Italian Air Force for professional astronaut training.\nHowever,a report earlier this month by a blogger based in Mojave, California – where Virgin Galactic manufactures its vehicles – said the company is considering reorganizing its flight schedule to launch Branson next over the July 4 weekend. The report came shortly after Jeff Bezos announced he would fly on Blue Origin’s first passenger spaceflight, planned to launch on July 20 – suggesting Branson may yet try to beat Bezos to personally flying to space.\nColglazier said the FAA approval means “the flight test program shifts now” to demonstrating “the cabin experience” of the spacecraft.\n“I know there’s a lot of interest and speculation out there but we have not announced either the date nor the people that would be on those,” Colglazier said. “We approach this very methodically, with safety as the first consideration, and when we have all those boxes checked and all the steps in place – that’s when we can move forward and announce.”\nDevelopment delays have pushed back the company’s promised beginning of commercial service from mid-2020 to early 2022.","news_type":1,"symbols_score_info":{"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121073155,"gmtCreate":1624446667077,"gmtModify":1631892680745,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Pls let us know&nbsp;","listText":"Pls let us know&nbsp;","text":"Pls let us know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121073155","repostId":"1107183371","repostType":4,"repost":{"id":"1107183371","kind":"news","pubTimestamp":1624446128,"share":"https://www.laohu8.com/m/news/1107183371?lang=zh_CN&edition=full","pubTime":"2021-06-23 19:02","market":"us","language":"en","title":"Morgan Stanley, Ford, Fed and New York Mayoral Race: 5 Things You Must Know<blockquote>摩根士丹利、福特、美联储和纽约市长竞选：你必须知道的5件事</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1107183371","media":"The Street","summary":"Stock futures point modestly higher; Fed Chairman Jerome Powell says an inflation spike likely is te","content":"<p>  Stock futures point modestly higher; Fed Chairman Jerome Powell says an inflation spike likely is temporary; Morgan Stanley to bar unvaccinated staff from New York offices.  Here are five things you must know for&nbsp;Wednesday, June 23:</p><p><blockquote>股指期货小幅走高；美联储主席杰罗姆·鲍威尔表示，通胀飙升可能是暂时的；摩根士丹利禁止未接种疫苗的员工进入纽约办事处。以下是6月23日星期三您必须了解的五件事：</blockquote></p><p> <b>1. Stock Futures Rise as Powell Says Fed Not Close to Raising Rates</b></p><p><blockquote><b>1.鲍威尔称美联储尚未接近加息，股指期货上涨</b></blockquote></p><p> Stock futures pointed to a modestly higher open for Wall Street on Wednesday as&nbsp;Federal Reserve Chairman Jerome Powell said a spike in inflation likely was temporary, easing worries that the central bank could pull back on economic support.</p><p><blockquote>由于美联储主席杰罗姆·鲍威尔表示通胀飙升可能是暂时的，缓解了人们对央行可能撤回经济支持的担忧，周三华尔街股指期货小幅高开。</blockquote></p><p> Contracts linked to the Dow Jones Industrial Average gained 60 points, S&amp;P 500 futures rose 2 points and Nasdaq futures were up 7 points.</p><p><blockquote>与道琼斯工业平均指数挂钩的合约上涨60点，标普500期货上涨2点，纳斯达克期货上涨7点。</blockquote></p><p> Stocks closed higher Tuesdayafter Powell said prices have risen more than the Fed expected, but added&nbsp;he has a&nbsp;“a level of confidence” that prices eventually will come down as supply chain bottlenecks are resolved.&nbsp;The Nasdaq set a closing record high on Tuesday of 14,253.</p><p><blockquote>鲍威尔表示价格涨幅超过美联储预期，但他补充说，随着供应链瓶颈的解决，他对价格最终会下降有“一定程度的信心”。纳斯达克周二创下收盘新高14,253点。</blockquote></p><p> The yield on the benchmark 10-year Treasury note rose early Wednesday to 1.475%.</p><p><blockquote>基准10年期国债收益率周三早盘升至1.475%。</blockquote></p><p> “A pretty substantial part, or perhaps all of the overshoot in inflation comes from categories that are directly affected by the reopening of the economy such as used cars and trucks,” Powell said Tuesday in response to a question before the House</p><p><blockquote>鲍威尔周二在众议院回答问题时表示：“通胀超调的相当大一部分，或者可能是全部，来自直接受经济重新开放影响的类别，例如二手车和卡车。”</blockquote></p><p> Select Subcommittee on the Coronavirus Crisis.</p><p><blockquote>冠状病毒危机特别小组委员会。</blockquote></p><p> “Those are things that we would look to to stop going up and ultimately to start to decline,” he added.</p><p><blockquote>“这些都是我们希望停止上涨并最终开始下降的事情，”他补充道。</blockquote></p><p> Powell’s remarks followed a meeting of the Fed’s policymaking committee last week, when officials signaled they could boost interest rates and begin tapering asset purchases sooner than expected.</p><p><blockquote>鲍威尔发表上述言论之前，美联储政策制定委员会上周举行了一次会议，当时官员们暗示他们可能会比预期更早地加息并开始缩减资产购买。</blockquote></p><p> The Fed's hawkish tilt sent stock markets reeling last week but Wall Street has steadied after Powell's assurances the central bank wasn't close to raising rates.</p><p><blockquote>美联储的鹰派倾向上周导致股市震荡，但在鲍威尔保证美联储不会加息后，华尔街已经企稳。</blockquote></p><p> Bitcoin prices reboundedWednesday, rising 8% to above&nbsp; $34,000.</p><p><blockquote>比特币价格周三反弹，上涨8%至34,000美元以上。</blockquote></p><p> <b>2. Wednesday's Calendar: New Home Sales, KB Home Earnings</b></p><p><blockquote><b>2.周三日历：新房销售、KB房屋收益</b></blockquote></p><p> Theeconomic calendarin the U.S. Wednesday includes the&nbsp;PMI Composite Flash for June at 9:45 a.m. ET,&nbsp;New Home Sales for May at 10 a.m. and Oil Inventories for the week ended June 18 at 10:30 a.m.</p><p><blockquote>美国的经济日历。周三包括美国东部时间上午9:45的6月份PMI综合快报、上午10点的5月份新屋销售以及截至6月18日上午10:30的一周石油库存。</blockquote></p><p> Earnings reports are expected&nbsp;Wednesday from&nbsp;IHS Markit&nbsp;(<b>INFO</b>) -Get Report, KB Home&nbsp;(<b>KBH</b>) -Get Report&nbsp;and Winnebago&nbsp;(<b>WGO</b>) -Get Report.</p><p><blockquote>IHS Markit预计将于周三发布收益报告（<b>信息</b>)-获取报告、知识库主页(<b>KBH</b>)-获取报告和温尼贝戈(<b>WGO</b>)-获取报告。</blockquote></p><p> <b>3. Jim Cramer - Buy Stocks You Know</b></p><p><blockquote><b>3.吉姆·克莱默——买你知道的股票</b></blockquote></p><p> The easiest way to make money, TheStreet's Jim Cramer told his \"Mad Money\" viewers Tuesday, was to buy stocks you know, stocks you don't have to think about, or worse, stay up at night worrying about.</p><p><blockquote>TheStreet的吉姆·克莱默(Jim Cramer)周二告诉他的“Mad Money”观众，最简单的赚钱方法是购买你知道的股票，那些你不必考虑的股票，或者更糟的是，熬夜担心的股票。</blockquote></p><p> Cramer offered up a list of five \"buy what you know\" stocks.</p><p><blockquote>克莱默列出了五只“买你知道的”股票。</blockquote></p><p> First was Ford&nbsp;(<b>F</b>) -Get Report, the automaker with a great lineup of new vehicles, according to Cramer. As the semiconductor shortage subsides and Ford's Lightning electric F-150 pickup starts rolling off the lot, it'll be hard not to make money with Ford, Cramer said.</p><p><blockquote>首先是福特（<b>F</b>)-据克莱默称，Get Report是一家拥有大量新车的汽车制造商。克莱默表示，随着半导体短缺的缓解以及福特的Lightning电动F-150皮卡开始下线，很难不通过福特赚钱。</blockquote></p><p> Next were retailers Costco&nbsp;(<b>COST</b>) -Get Report&nbsp;and&nbsp;American Eagle Outfitters&nbsp;(<b>AEO</b>) -Get Report. Rounding out the list were two perennial favorites, Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;and Amazon&nbsp;(<b>AMZN</b>) -Get Report.</p><p><blockquote>接下来是零售商Costco（<b>成本</b>)-获取报告和American Eagle Outfitters(<b>AEO</b>)-获取报告。名单中还有两个常年受欢迎的人，苹果（<b>AAPL</b>)-获取报告和亚马逊(<b>AMZN</b>)-获取报告。</blockquote></p><p> Cramer called each of the companies truly special and more than worthy of your investment dollars.</p><p><blockquote>克莱默称每家公司都非常特别，非常值得您投资。</blockquote></p><p> <b>4. Morgan Stanley to Bar Unvaccinated From New York Offices</b></p><p><blockquote><b>4.摩根士丹利将禁止未接种疫苗者进入纽约办事处</b></blockquote></p><p> Employees and clients of&nbsp;Morgan Stanley&nbsp;(<b>MS</b>) -Get Report&nbsp;who haven't received their COVID-19 vaccine will be barred from entering the bank’s New York offices, according to an internal memo seen by theFinancial Times.</p><p><blockquote>摩根士丹利的员工和客户（<b>MS</b>)-根据英国《金融时报》看到的一份内部备忘录，未接种COVID-19疫苗的人将被禁止进入该银行纽约办事处。</blockquote></p><p> “Starting July 12 all employees, contingent workforce, clients and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York City and Westchester,” said the memo, signed by Chief Human Resources Officer Mandell Crawley.</p><p><blockquote>由首席人力资源官曼德尔·克劳利(Mandell Crawley)签署的备忘录称：“从7月12日开始，所有员工、临时工、客户和访客都必须证明已完全接种疫苗才能进入摩根士丹利位于纽约市和威彻斯特的大楼。”</blockquote></p><p> After that date, those who don't attest to being fully inoculated would lose building access, Crawley wrote, adding that the “overwhelming majority of staff” already reported receiving their vaccinations.</p><p><blockquote>克劳利写道，在此日期之后，那些没有证明已完全接种疫苗的人将无法进入大楼，并补充说“绝大多数员工”已经报告接种了疫苗。</blockquote></p><p> The policy, one of the most restrictive issued so far by a U.S. bank, was designed to speed up the process of getting offices back to normal, Morgan Stanley said.</p><p><blockquote>摩根士丹利表示，该政策是美国银行迄今为止发布的最严格的政策之一，旨在加快办公室恢复正常的进程。</blockquote></p><p> CEO James Gorman addressed the issue at a conference last week.</p><p><blockquote>首席执行官詹姆斯·戈尔曼在上周的一次会议上谈到了这个问题。</blockquote></p><p> “If you can go to a restaurant in New York City, you can come into the office and we want you in the office,” he said.</p><p><blockquote>“如果你能去纽约市的餐馆，你就可以走进办公室，我们希望你在办公室，”他说。</blockquote></p><p> <b>5. Eric Adams Takes Lead in New York Mayoral Race</b></p><p><blockquote><b>5.埃里克·亚当斯在纽约市长竞选中领先</b></blockquote></p><p> Brooklyn Borough President Eric Adams, a former&nbsp;New York police captain,&nbsp;appeared to take the lead in New York City’s Democratic mayoral primary.</p><p><blockquote>布鲁克林区长、前纽约警察队长埃里克·亚当斯似乎在纽约市民主党市长初选中领先。</blockquote></p><p> It was the first citywide election to use ranked choice voting and it could be weeks before a clear winner in known.</p><p><blockquote>这是第一次使用排名选择投票的全市选举，可能需要几周时间才能知道明确的获胜者。</blockquote></p><p></p><p> With nearly all the precincts reporting early Wednesday,&nbsp;Adams had about 31% of the vote, followed by civil rights lawyer&nbsp;Maya Wiley with 22% and former city Sanitation Commissioner&nbsp;Kathryn Garcia with about 20%, Bloomberg reported.</p><p><blockquote>据彭博报道，周三早些时候，几乎所有选区都进行了报告，亚当斯获得了约31%的选票，其次是民权律师玛雅·威利（Maya Wiley），获得22%的选票，前城市卫生专员凯瑟琳·加西亚（Kathryn Garcia），获得约20%的选票。</blockquote></p><p> Former Democratic presidential candidate Andrew Yang conceded defeat about two hours after polls closed and dropped out.</p><p><blockquote>前民主党总统候选人杨安泽在投票结束约两小时后承认败选并退出。</blockquote></p><p></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley, Ford, Fed and New York Mayoral Race: 5 Things You Must Know<blockquote>摩根士丹利、福特、美联储和纽约市长竞选：你必须知道的5件事</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley, Ford, Fed and New York Mayoral Race: 5 Things You Must Know<blockquote>摩根士丹利、福特、美联储和纽约市长竞选：你必须知道的5件事</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Street</strong><span class=\"h-time small\">2021-06-23 19:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  Stock futures point modestly higher; Fed Chairman Jerome Powell says an inflation spike likely is temporary; Morgan Stanley to bar unvaccinated staff from New York offices.  Here are five things you must know for&nbsp;Wednesday, June 23:</p><p><blockquote>股指期货小幅走高；美联储主席杰罗姆·鲍威尔表示，通胀飙升可能是暂时的；摩根士丹利禁止未接种疫苗的员工进入纽约办事处。以下是6月23日星期三您必须了解的五件事：</blockquote></p><p> <b>1. Stock Futures Rise as Powell Says Fed Not Close to Raising Rates</b></p><p><blockquote><b>1.鲍威尔称美联储尚未接近加息，股指期货上涨</b></blockquote></p><p> Stock futures pointed to a modestly higher open for Wall Street on Wednesday as&nbsp;Federal Reserve Chairman Jerome Powell said a spike in inflation likely was temporary, easing worries that the central bank could pull back on economic support.</p><p><blockquote>由于美联储主席杰罗姆·鲍威尔表示通胀飙升可能是暂时的，缓解了人们对央行可能撤回经济支持的担忧，周三华尔街股指期货小幅高开。</blockquote></p><p> Contracts linked to the Dow Jones Industrial Average gained 60 points, S&amp;P 500 futures rose 2 points and Nasdaq futures were up 7 points.</p><p><blockquote>与道琼斯工业平均指数挂钩的合约上涨60点，标普500期货上涨2点，纳斯达克期货上涨7点。</blockquote></p><p> Stocks closed higher Tuesdayafter Powell said prices have risen more than the Fed expected, but added&nbsp;he has a&nbsp;“a level of confidence” that prices eventually will come down as supply chain bottlenecks are resolved.&nbsp;The Nasdaq set a closing record high on Tuesday of 14,253.</p><p><blockquote>鲍威尔表示价格涨幅超过美联储预期，但他补充说，随着供应链瓶颈的解决，他对价格最终会下降有“一定程度的信心”。纳斯达克周二创下收盘新高14,253点。</blockquote></p><p> The yield on the benchmark 10-year Treasury note rose early Wednesday to 1.475%.</p><p><blockquote>基准10年期国债收益率周三早盘升至1.475%。</blockquote></p><p> “A pretty substantial part, or perhaps all of the overshoot in inflation comes from categories that are directly affected by the reopening of the economy such as used cars and trucks,” Powell said Tuesday in response to a question before the House</p><p><blockquote>鲍威尔周二在众议院回答问题时表示：“通胀超调的相当大一部分，或者可能是全部，来自直接受经济重新开放影响的类别，例如二手车和卡车。”</blockquote></p><p> Select Subcommittee on the Coronavirus Crisis.</p><p><blockquote>冠状病毒危机特别小组委员会。</blockquote></p><p> “Those are things that we would look to to stop going up and ultimately to start to decline,” he added.</p><p><blockquote>“这些都是我们希望停止上涨并最终开始下降的事情，”他补充道。</blockquote></p><p> Powell’s remarks followed a meeting of the Fed’s policymaking committee last week, when officials signaled they could boost interest rates and begin tapering asset purchases sooner than expected.</p><p><blockquote>鲍威尔发表上述言论之前，美联储政策制定委员会上周举行了一次会议，当时官员们暗示他们可能会比预期更早地加息并开始缩减资产购买。</blockquote></p><p> The Fed's hawkish tilt sent stock markets reeling last week but Wall Street has steadied after Powell's assurances the central bank wasn't close to raising rates.</p><p><blockquote>美联储的鹰派倾向上周导致股市震荡，但在鲍威尔保证美联储不会加息后，华尔街已经企稳。</blockquote></p><p> Bitcoin prices reboundedWednesday, rising 8% to above&nbsp; $34,000.</p><p><blockquote>比特币价格周三反弹，上涨8%至34,000美元以上。</blockquote></p><p> <b>2. Wednesday's Calendar: New Home Sales, KB Home Earnings</b></p><p><blockquote><b>2.周三日历：新房销售、KB房屋收益</b></blockquote></p><p> Theeconomic calendarin the U.S. Wednesday includes the&nbsp;PMI Composite Flash for June at 9:45 a.m. ET,&nbsp;New Home Sales for May at 10 a.m. and Oil Inventories for the week ended June 18 at 10:30 a.m.</p><p><blockquote>美国的经济日历。周三包括美国东部时间上午9:45的6月份PMI综合快报、上午10点的5月份新屋销售以及截至6月18日上午10:30的一周石油库存。</blockquote></p><p> Earnings reports are expected&nbsp;Wednesday from&nbsp;IHS Markit&nbsp;(<b>INFO</b>) -Get Report, KB Home&nbsp;(<b>KBH</b>) -Get Report&nbsp;and Winnebago&nbsp;(<b>WGO</b>) -Get Report.</p><p><blockquote>IHS Markit预计将于周三发布收益报告（<b>信息</b>)-获取报告、知识库主页(<b>KBH</b>)-获取报告和温尼贝戈(<b>WGO</b>)-获取报告。</blockquote></p><p> <b>3. Jim Cramer - Buy Stocks You Know</b></p><p><blockquote><b>3.吉姆·克莱默——买你知道的股票</b></blockquote></p><p> The easiest way to make money, TheStreet's Jim Cramer told his \"Mad Money\" viewers Tuesday, was to buy stocks you know, stocks you don't have to think about, or worse, stay up at night worrying about.</p><p><blockquote>TheStreet的吉姆·克莱默(Jim Cramer)周二告诉他的“Mad Money”观众，最简单的赚钱方法是购买你知道的股票，那些你不必考虑的股票，或者更糟的是，熬夜担心的股票。</blockquote></p><p> Cramer offered up a list of five \"buy what you know\" stocks.</p><p><blockquote>克莱默列出了五只“买你知道的”股票。</blockquote></p><p> First was Ford&nbsp;(<b>F</b>) -Get Report, the automaker with a great lineup of new vehicles, according to Cramer. As the semiconductor shortage subsides and Ford's Lightning electric F-150 pickup starts rolling off the lot, it'll be hard not to make money with Ford, Cramer said.</p><p><blockquote>首先是福特（<b>F</b>)-据克莱默称，Get Report是一家拥有大量新车的汽车制造商。克莱默表示，随着半导体短缺的缓解以及福特的Lightning电动F-150皮卡开始下线，很难不通过福特赚钱。</blockquote></p><p> Next were retailers Costco&nbsp;(<b>COST</b>) -Get Report&nbsp;and&nbsp;American Eagle Outfitters&nbsp;(<b>AEO</b>) -Get Report. Rounding out the list were two perennial favorites, Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;and Amazon&nbsp;(<b>AMZN</b>) -Get Report.</p><p><blockquote>接下来是零售商Costco（<b>成本</b>)-获取报告和American Eagle Outfitters(<b>AEO</b>)-获取报告。名单中还有两个常年受欢迎的人，苹果（<b>AAPL</b>)-获取报告和亚马逊(<b>AMZN</b>)-获取报告。</blockquote></p><p> Cramer called each of the companies truly special and more than worthy of your investment dollars.</p><p><blockquote>克莱默称每家公司都非常特别，非常值得您投资。</blockquote></p><p> <b>4. Morgan Stanley to Bar Unvaccinated From New York Offices</b></p><p><blockquote><b>4.摩根士丹利将禁止未接种疫苗者进入纽约办事处</b></blockquote></p><p> Employees and clients of&nbsp;Morgan Stanley&nbsp;(<b>MS</b>) -Get Report&nbsp;who haven't received their COVID-19 vaccine will be barred from entering the bank’s New York offices, according to an internal memo seen by theFinancial Times.</p><p><blockquote>摩根士丹利的员工和客户（<b>MS</b>)-根据英国《金融时报》看到的一份内部备忘录，未接种COVID-19疫苗的人将被禁止进入该银行纽约办事处。</blockquote></p><p> “Starting July 12 all employees, contingent workforce, clients and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York City and Westchester,” said the memo, signed by Chief Human Resources Officer Mandell Crawley.</p><p><blockquote>由首席人力资源官曼德尔·克劳利(Mandell Crawley)签署的备忘录称：“从7月12日开始，所有员工、临时工、客户和访客都必须证明已完全接种疫苗才能进入摩根士丹利位于纽约市和威彻斯特的大楼。”</blockquote></p><p> After that date, those who don't attest to being fully inoculated would lose building access, Crawley wrote, adding that the “overwhelming majority of staff” already reported receiving their vaccinations.</p><p><blockquote>克劳利写道，在此日期之后，那些没有证明已完全接种疫苗的人将无法进入大楼，并补充说“绝大多数员工”已经报告接种了疫苗。</blockquote></p><p> The policy, one of the most restrictive issued so far by a U.S. bank, was designed to speed up the process of getting offices back to normal, Morgan Stanley said.</p><p><blockquote>摩根士丹利表示，该政策是美国银行迄今为止发布的最严格的政策之一，旨在加快办公室恢复正常的进程。</blockquote></p><p> CEO James Gorman addressed the issue at a conference last week.</p><p><blockquote>首席执行官詹姆斯·戈尔曼在上周的一次会议上谈到了这个问题。</blockquote></p><p> “If you can go to a restaurant in New York City, you can come into the office and we want you in the office,” he said.</p><p><blockquote>“如果你能去纽约市的餐馆，你就可以走进办公室，我们希望你在办公室，”他说。</blockquote></p><p> <b>5. Eric Adams Takes Lead in New York Mayoral Race</b></p><p><blockquote><b>5.埃里克·亚当斯在纽约市长竞选中领先</b></blockquote></p><p> Brooklyn Borough President Eric Adams, a former&nbsp;New York police captain,&nbsp;appeared to take the lead in New York City’s Democratic mayoral primary.</p><p><blockquote>布鲁克林区长、前纽约警察队长埃里克·亚当斯似乎在纽约市民主党市长初选中领先。</blockquote></p><p> It was the first citywide election to use ranked choice voting and it could be weeks before a clear winner in known.</p><p><blockquote>这是第一次使用排名选择投票的全市选举，可能需要几周时间才能知道明确的获胜者。</blockquote></p><p></p><p> With nearly all the precincts reporting early Wednesday,&nbsp;Adams had about 31% of the vote, followed by civil rights lawyer&nbsp;Maya Wiley with 22% and former city Sanitation Commissioner&nbsp;Kathryn Garcia with about 20%, Bloomberg reported.</p><p><blockquote>据彭博报道，周三早些时候，几乎所有选区都进行了报告，亚当斯获得了约31%的选票，其次是民权律师玛雅·威利（Maya Wiley），获得22%的选票，前城市卫生专员凯瑟琳·加西亚（Kathryn Garcia），获得约20%的选票。</blockquote></p><p> Former Democratic presidential candidate Andrew Yang conceded defeat about two hours after polls closed and dropped out.</p><p><blockquote>前民主党总统候选人杨安泽在投票结束约两小时后承认败选并退出。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-wednesday-062321\">The Street</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-wednesday-062321","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107183371","content_text":"Stock futures point modestly higher; Fed Chairman Jerome Powell says an inflation spike likely is temporary; Morgan Stanley to bar unvaccinated staff from New York offices.\n\nHere are five things you must know for Wednesday, June 23:\n1. Stock Futures Rise as Powell Says Fed Not Close to Raising Rates\nStock futures pointed to a modestly higher open for Wall Street on Wednesday as Federal Reserve Chairman Jerome Powell said a spike in inflation likely was temporary, easing worries that the central bank could pull back on economic support.\nContracts linked to the Dow Jones Industrial Average gained 60 points, S&P 500 futures rose 2 points and Nasdaq futures were up 7 points.\nStocks closed higher Tuesdayafter Powell said prices have risen more than the Fed expected, but added he has a “a level of confidence” that prices eventually will come down as supply chain bottlenecks are resolved. The Nasdaq set a closing record high on Tuesday of 14,253.\nThe yield on the benchmark 10-year Treasury note rose early Wednesday to 1.475%.\n“A pretty substantial part, or perhaps all of the overshoot in inflation comes from categories that are directly affected by the reopening of the economy such as used cars and trucks,” Powell said Tuesday in response to a question before the House\nSelect Subcommittee on the Coronavirus Crisis.\n“Those are things that we would look to to stop going up and ultimately to start to decline,” he added.\nPowell’s remarks followed a meeting of the Fed’s policymaking committee last week, when officials signaled they could boost interest rates and begin tapering asset purchases sooner than expected.\nThe Fed's hawkish tilt sent stock markets reeling last week but Wall Street has steadied after Powell's assurances the central bank wasn't close to raising rates.\nBitcoin prices reboundedWednesday, rising 8% to above  $34,000.\n2. Wednesday's Calendar: New Home Sales, KB Home Earnings\nTheeconomic calendarin the U.S. Wednesday includes the PMI Composite Flash for June at 9:45 a.m. ET, New Home Sales for May at 10 a.m. and Oil Inventories for the week ended June 18 at 10:30 a.m.\nEarnings reports are expected Wednesday from IHS Markit (INFO) -Get Report, KB Home (KBH) -Get Report and Winnebago (WGO) -Get Report.\n3. Jim Cramer - Buy Stocks You Know\nThe easiest way to make money, TheStreet's Jim Cramer told his \"Mad Money\" viewers Tuesday, was to buy stocks you know, stocks you don't have to think about, or worse, stay up at night worrying about.\nCramer offered up a list of five \"buy what you know\" stocks.\nFirst was Ford (F) -Get Report, the automaker with a great lineup of new vehicles, according to Cramer. As the semiconductor shortage subsides and Ford's Lightning electric F-150 pickup starts rolling off the lot, it'll be hard not to make money with Ford, Cramer said.\nNext were retailers Costco (COST) -Get Report and American Eagle Outfitters (AEO) -Get Report. Rounding out the list were two perennial favorites, Apple (AAPL) -Get Report and Amazon (AMZN) -Get Report.\nCramer called each of the companies truly special and more than worthy of your investment dollars.\n4. Morgan Stanley to Bar Unvaccinated From New York Offices\nEmployees and clients of Morgan Stanley (MS) -Get Report who haven't received their COVID-19 vaccine will be barred from entering the bank’s New York offices, according to an internal memo seen by theFinancial Times.\n“Starting July 12 all employees, contingent workforce, clients and visitors will be required to attest to being fully vaccinated to access Morgan Stanley buildings in New York City and Westchester,” said the memo, signed by Chief Human Resources Officer Mandell Crawley.\nAfter that date, those who don't attest to being fully inoculated would lose building access, Crawley wrote, adding that the “overwhelming majority of staff” already reported receiving their vaccinations.\nThe policy, one of the most restrictive issued so far by a U.S. bank, was designed to speed up the process of getting offices back to normal, Morgan Stanley said.\nCEO James Gorman addressed the issue at a conference last week.\n“If you can go to a restaurant in New York City, you can come into the office and we want you in the office,” he said.\n5. Eric Adams Takes Lead in New York Mayoral Race\nBrooklyn Borough President Eric Adams, a former New York police captain, appeared to take the lead in New York City’s Democratic mayoral primary.\nIt was the first citywide election to use ranked choice voting and it could be weeks before a clear winner in known.\nWith nearly all the precincts reporting early Wednesday, Adams had about 31% of the vote, followed by civil rights lawyer Maya Wiley with 22% and former city Sanitation Commissioner Kathryn Garcia with about 20%, Bloomberg reported.\nFormer Democratic presidential candidate Andrew Yang conceded defeat about two hours after polls closed and dropped out.","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121047700,"gmtCreate":1624446557100,"gmtModify":1631892680750,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Niceee","listText":"Niceee","text":"Niceee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121047700","repostId":"1129501512","repostType":4,"repost":{"id":"1129501512","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624445859,"share":"https://www.laohu8.com/m/news/1129501512?lang=zh_CN&edition=full","pubTime":"2021-06-23 18:57","market":"us","language":"en","title":"Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1129501512","media":"Tiger Newspress","summary":"(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.","content":"<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Most of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMost of Chinese stocks rose in premarket trading<blockquote>大多数中国股市在盘前交易中上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-23 18:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 23)&nbsp;Most&nbsp;of&nbsp;Chinese&nbsp;stocks&nbsp;rose&nbsp;in&nbsp;premarket&nbsp;trading.<img src=\"https://static.tigerbbs.com/2a04e4e2ba7a7f17339ad05fbc516ad4\" tg-width=\"284\" tg-height=\"403\"></p><p><blockquote>（6月23日）中概股盘前交易多数上涨。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券","BIDU":"百度","PDD":"拼多多","JD":"京东","BABA":"阿里巴巴","BILI":"哔哩哔哩"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129501512","content_text":"(June 23) Most of Chinese stocks rose in premarket trading.","news_type":1,"symbols_score_info":{"PDD":0.9,"TIGR":0.9,"JD":0.9,"BILI":0.9,"BIDU":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805653261,"gmtCreate":1627878184253,"gmtModify":1631890393467,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Sure.?&nbsp;","listText":"Sure.?&nbsp;","text":"Sure.?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805653261","repostId":"2156741169","repostType":4,"isVote":1,"tweetType":1,"viewCount":1277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155496260,"gmtCreate":1625447859050,"gmtModify":1631890393506,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share&nbsp;","listText":"Share&nbsp;","text":"Share","images":[{"img":"https://static.tigerbbs.com/897197c6b2e19e52e7c2b9b6638998f6","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155496260","isVote":1,"tweetType":1,"viewCount":2626,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127035178,"gmtCreate":1624801712894,"gmtModify":1631890393561,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share&nbsp;","listText":"Share&nbsp;","text":"Share","images":[{"img":"https://static.tigerbbs.com/75db10b37d0157d734a42c316ed1cfbd","width":"1080","height":"2289"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127035178","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":127035934,"gmtCreate":1624801669128,"gmtModify":1631890393566,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/127035934","repostId":"1172710941","repostType":4,"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185751949,"gmtCreate":1623675073981,"gmtModify":1631892680753,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Tmr will be better&nbsp;","listText":"Tmr will be better&nbsp;","text":"Tmr will be better","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/185751949","repostId":"2143782115","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189383871,"gmtCreate":1623245545293,"gmtModify":1631884163285,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Nike +++++","listText":"Nike +++++","text":"Nike +++++","images":[{"img":"https://static.tigerbbs.com/d3f1b7b3121be5b691f0b68e8786c7fb","width":"1080","height":"2010"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189383871","isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":155494479,"gmtCreate":1625447963391,"gmtModify":1631889730967,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>....","listText":"<a href=\"https://laohu8.com/S/RWLK\">$ReWalk Robotics(RWLK)$</a>....","text":"$ReWalk Robotics(RWLK)$....","images":[{"img":"https://static.tigerbbs.com/294bb4750828db061fbbcdc1290a0176","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155494479","isVote":1,"tweetType":1,"viewCount":1016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":122642302,"gmtCreate":1624619545906,"gmtModify":1631892680738,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Thank Q","listText":"Thank Q","text":"Thank Q","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122642302","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189381545,"gmtCreate":1623245582487,"gmtModify":1631885862103,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>gogogo","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>gogogo","text":"$Starbucks(SBUX)$gogogo","images":[{"img":"https://static.tigerbbs.com/e70d8703b39d0f9c6a5b711615c7c502","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/189381545","isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830113342,"gmtCreate":1629026955286,"gmtModify":1631885856104,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","text":"$Starbucks(SBUX)$go go go","images":[{"img":"https://static.tigerbbs.com/1a183bc4cf61e4e1d715def885d3e521","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830113342","isVote":1,"tweetType":1,"viewCount":1492,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830113994,"gmtCreate":1629026939818,"gmtModify":1631885856116,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","listText":"<a href=\"https://laohu8.com/S/SBUX\">$Starbucks(SBUX)$</a>go go go&nbsp;","text":"$Starbucks(SBUX)$go go go","images":[{"img":"https://static.tigerbbs.com/1a183bc4cf61e4e1d715def885d3e521","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830113994","isVote":1,"tweetType":1,"viewCount":2646,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":830119199,"gmtCreate":1629026858211,"gmtModify":1631890393463,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share","listText":"Share","text":"Share","images":[{"img":"https://static.tigerbbs.com/b2fc43d90a014b41d195ebb95bf72ef6","width":"1080","height":"2325"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/830119199","isVote":1,"tweetType":1,"viewCount":1356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":805838296,"gmtCreate":1627869143315,"gmtModify":1631890393485,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Up up up up&nbsp;","listText":"Up up up up&nbsp;","text":"Up up up up","images":[{"img":"https://static.tigerbbs.com/990f243808c65fbcf9486ee3fafc395b","width":"1080","height":"2345"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/805838296","isVote":1,"tweetType":1,"viewCount":3362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":141151169,"gmtCreate":1625843100851,"gmtModify":1631890393492,"author":{"id":"3582747298938879","authorId":"3582747298938879","name":"Tgrrrrrqq","avatar":"https://static.tigerbbs.com/8318a90df80c479c392cf1336a9ef614","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582747298938879","idStr":"3582747298938879"},"themes":[],"htmlText":"Share share&nbsp;","listText":"Share share&nbsp;","text":"Share share","images":[{"img":"https://static.tigerbbs.com/88f6457016ca2cca71e739e9f220a25d","width":"1080","height":"2198"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141151169","isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}