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2021-07-01

Nio of cus!

NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来与比亚迪汽车：哪只电动汽车股票值得购买？</blockquote>

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Both could be attractive picks for the long run.That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300%","content":"Summary<blockquote>总结</blockquote> <ul> <li>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li> <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li> <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\">baona/iStock via Getty Images<blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值更好的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul>baona/iStock 来自盖蒂图片社</blockquote> Article Thesis<blockquote>文章论文</blockquote> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.<blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司 (OTCPK:BYDDY)(OTCPK:BYDDF) 和蔚来 (NYSE:NIO) 都符合这一描述，它们都实现了令人信服的增长，并且正处于强劲的发展轨道上。然而，它们在促进增长的策略上有所不同，各自的估值也存在差异。根据您的投资方式，您可能更喜欢比亚迪或蔚来。</blockquote> NIO Stock Price<blockquote>蔚来股价</blockquote> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:<blockquote>蔚来的股价去年大幅上涨，在短短 12 个月内上涨了 600%：</blockquote> <img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.<blockquote>这轻松超过了大盘的表现，也优于特斯拉（纳斯达克股票代码：TSLA）等同行，后者在同一时期上涨了约 240%。然而，值得注意的是，蔚来在 2021 年春季经历了大幅抛售，其股价在 1 月至 5 月期间下跌了近 50%，然后在最近几周再次开始攀升。当我们查看当前分析师的目标价时，蔚来的上涨空间约为 20%，因为分析师的目标价为 60 美元，而当前股价为 50 美元。</blockquote> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.<blockquote>在查看蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为 810 亿美元的蔚来有望实现未来的大幅增长——其他电动汽车 Pureplay 也是如此。作为参考，这一市值高于许多传统汽车公司，包括福特 (NYSE:F) 和宝马 (OTCPK:BMWYY)，这表明考虑到蔚来的销量远少于这两家公司，它在这里的估值可能会很高。</blockquote> BYDDY Stock Price<blockquote>比亚迪股价</blockquote> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:<blockquote>与其他电动汽车企业一样，比亚迪公司从去年日益增长的电动汽车热情中受益匪浅，其股价在 12 个月内上涨了 300%：</blockquote> <img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.<blockquote>这大约是蔚来获得的收益的一半，但略高于特斯拉获得的收益。总体而言，一年内 300% 的涨幅当然是出色的，投资者不应指望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经盈利，尽管盈利幅度很小。今天的股价交易价格约为历史市盈率的 130 倍，这根本不是一个低估值，但与其他一些电动汽车股票的估值相比，例如特斯拉，其交易价格超过 600 倍追踪净利润。</blockquote> NIO Vs BYD Auto: Which Is The Better EV Stock?<blockquote>蔚来与比亚迪汽车：哪只电动汽车股票更好？</blockquote> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.<blockquote>全球汽车行业的电动汽车细分市场正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该注意的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高位买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都是徒劳的。</blockquote> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.<blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性强，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在未来多年内以强劲的速度增长，因此长期投资者可能仍然会对这些股票感兴趣。</blockquote> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.<blockquote>蔚来和比亚迪在电动汽车市场采取了不同的策略，我相信这两种策略都有其优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来今年夏天也将进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对较新，但它已经成功地在国内市场建立了一个强大的品牌，这使得该公司在中国电动汽车领域的未来成功处于有利地位。</blockquote> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:<blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的换电站更换电池。这将充电时间缩短到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机时间而不愿意购买电动汽车的人来说，蔚来汽车可能是他们仍然可以考虑的电动汽车产品。我认为这个USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。但需要注意的是，在所有相关市场建设这些换电站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车厂商。蔚来第一季度收入增长 500% 以上，未来也将实现强劲的收入增长：</blockquote> <img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.<blockquote>目前的共识预计看涨期权今年的收入将增长 125%，而明年的收入将增长 63%，2023 年收入将增长 47%。这代表着强劲的增长，远远超出分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.<blockquote>比亚迪是一家鲜为人知的中国电动汽车制造商，但它也在奉行有吸引力的战略。比亚迪并不只专注于高端乘用车，而是在此基础上提供广泛的商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。取消柴油动力公交车可能会改善人口密集城市的空气质量，而且由于公交车的平均速度低，平均行驶距离短，续航里程并不是一个大问题。不过，比亚迪还提供其他电动技术，包括正在中国以及巴西等海外市场建造的名为 Skyrail 的单轨系统。</blockquote> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.<blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪能够接触到整个电动汽车领域。即使其他制造商销售电动汽车，他们也往往不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚十年或二十年后哪家电动汽车公司最终将引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.<blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为不太知名但相当成功的电动汽车市场份额竞争者。与蔚来不同，比亚迪已经盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上可用的信息（英文）数量与讲英语的投资者可以获得的信息数量进行对比，可以发现存在很大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年的收入为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，比亚迪的增长速度预计将比蔚来汽车的增长速度稍慢，但比亚迪2022年的预计收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其 1000 亿美元的市值仅略高于蔚来，这可能令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，许多散户投资者因此涌向更知名、更突出的蔚来。</blockquote> Should You Buy NIO Or BYD Auto<blockquote>您应该购买蔚来还是比亚迪汽车</blockquote> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.<blockquote>如前所述，投资高增长公司不会自动带来高额回报，因为估值也起着重要作用。我相信，蔚来是增长较高的选择，其 BaaS 服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来汽车的股价相当昂贵，目前的交易价格接近明年收入的 10 倍。比亚迪是一个增长较低的选择，但其乘用车电动汽车、商用电动汽车和电池业务的多元化运营可能会在未来许多年内带来充足的收入和盈利增长。比亚迪是少数几个已经盈利的电动汽车企业之一，这自然是一个很大的优势，而且比亚迪低得多的估值也使其股票看起来很有吸引力。股票交易价格约为明年收入的 3 倍，考虑到许多其他电动汽车股票的交易价格是明年收入的 10 倍甚至更多，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.<blockquote>根据您是优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管两家公司都不能保证获胜，这就是为什么不要大声买入。</blockquote>","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>NIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来与比亚迪汽车：哪只电动汽车股票值得购买？</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\">\nNIO Vs BYD Auto: Which EV Stock Is A Good Buy?<blockquote>蔚来与比亚迪汽车：哪只电动汽车股票值得购买？</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nseekingalpha2021-07-01 22:38\n\n</h4>\n</header>\n<article>\nSummary<blockquote>总结</blockquote> <ul> <li>China is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.</li> <li>Both NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.</li> <li>NIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.</li> </ul> <img src=\"https://static.tigerbbs.com/85f5123d1a2c682db80316343dba1e5b\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\">baona/iStock via Getty Images<blockquote><ul><li>中国是领先的电动汽车市场，与外国公司相比，中国企业在国内市场的日子似乎会更轻松。</li><li>蔚来和比亚迪在市场上都有有吸引力的产品，并采用了使其与竞争对手区分开来的策略。</li><li>蔚来是增长较高的选择，而比亚迪是价值更好的选择。从长远来看，两者都可能是有吸引力的选择。</li></ul>baona/iStock 来自盖蒂图片社</blockquote> Article Thesis<blockquote>文章论文</blockquote> EV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.<blockquote>在强劲的市场增长和有益的政府政策的支持下，电动汽车股票在2020年表现强劲。中国已成为电动汽车最重要的市场之一，由于中国政府经常迁就中国公司，因此在中国电动汽车企业中寻找进入这个高增长市场的机会是有意义的。比亚迪公司 (OTCPK:BYDDY)(OTCPK:BYDDF) 和蔚来 (NYSE:NIO) 都符合这一描述，它们都实现了令人信服的增长，并且正处于强劲的发展轨道上。然而，它们在促进增长的策略上有所不同，各自的估值也存在差异。根据您的投资方式，您可能更喜欢比亚迪或蔚来。</blockquote> NIO Stock Price<blockquote>蔚来股价</blockquote> NIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:<blockquote>蔚来的股价去年大幅上涨，在短短 12 个月内上涨了 600%：</blockquote> <img src=\"https://static.tigerbbs.com/f8bdb6f898b23023b1240e557370891c\" tg-width=\"635\" tg-height=\"417\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> This was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.<blockquote>这轻松超过了大盘的表现，也优于特斯拉（纳斯达克股票代码：TSLA）等同行，后者在同一时期上涨了约 240%。然而，值得注意的是，蔚来在 2021 年春季经历了大幅抛售，其股价在 1 月至 5 月期间下跌了近 50%，然后在最近几周再次开始攀升。当我们查看当前分析师的目标价时，蔚来的上涨空间约为 20%，因为分析师的目标价为 60 美元，而当前股价为 50 美元。</blockquote> When looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.<blockquote>在查看蔚来的估值时，我们不能在这里真正使用市盈率，因为蔚来尚未盈利。然而，很明显，市值为 810 亿美元的蔚来有望实现未来的大幅增长——其他电动汽车 Pureplay 也是如此。作为参考，这一市值高于许多传统汽车公司，包括福特 (NYSE:F) 和宝马 (OTCPK:BMWYY)，这表明考虑到蔚来的销量远少于这两家公司，它在这里的估值可能会很高。</blockquote> BYDDY Stock Price<blockquote>比亚迪股价</blockquote> BYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:<blockquote>与其他电动汽车企业一样，比亚迪公司从去年日益增长的电动汽车热情中受益匪浅，其股价在 12 个月内上涨了 300%：</blockquote> <img src=\"https://static.tigerbbs.com/2d77e1b86412ba77229dd4779269265a\" tg-width=\"635\" tg-height=\"417\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> That is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.<blockquote>这大约是蔚来获得的收益的一半，但略高于特斯拉获得的收益。总体而言，一年内 300% 的涨幅当然是出色的，投资者不应指望这种情况在未来几年会重演。与蔚来一样，比亚迪在春季也经历了大幅抛售，但比亚迪最近几周也恢复了大部分抛售。与蔚来不同，比亚迪已经盈利，尽管盈利幅度很小。今天的股价交易价格约为历史市盈率的 130 倍，这根本不是一个低估值，但与其他一些电动汽车股票的估值相比，例如特斯拉，其交易价格超过 600 倍追踪净利润。</blockquote> NIO Vs BYD Auto: Which Is The Better EV Stock?<blockquote>蔚来与比亚迪汽车：哪只电动汽车股票更好？</blockquote> The EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.<blockquote>全球汽车行业的电动汽车细分市场正在经历快速增长，这自然使得电动汽车股票作为成长型投资具有吸引力。然而，应该注意的是，投资时应始终考虑估值，根据一个人为成长型投资支付的价格，可能需要相当长的时间才能看到收益。例如，在互联网泡沫期间追逐高增长科技股的投资者，如果在高位买入，则必须等待数年才能获得投资回报。因此，如果投资者追逐股票并支付过高的价格，电动汽车领域的所有增长可能都是徒劳的。</blockquote> On top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.<blockquote>最重要的是，一般来说，全球汽车行业竞争激烈、资本密集型、周期性强，大多数参与者的利润率相对较低。话虽如此，电动汽车的巨大增长跑道意味着优质电动汽车公司的收入和利润可能会在未来多年内以强劲的速度增长，因此长期投资者可能仍然会对这些股票感兴趣。</blockquote> NIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.<blockquote>蔚来和比亚迪在电动汽车市场采取了不同的策略，我相信这两种策略都有其优点。蔚来专注于主要在中国销售的高端、优质乘用电动汽车，尽管蔚来今年夏天也将进入欧洲汽车市场。该公司提供一系列不同的车型，从跑车到SUV。由于强大的制造质量和高端材料的使用，蔚来汽车在国内被视为值得高价的优质产品。尽管蔚来的历史相对较新，但它已经成功地在国内市场建立了一个强大的品牌，这使得该公司在中国电动汽车领域的未来成功处于有利地位。</blockquote> NIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered&nbsp;500%+&nbsp;revenue growth in Q1 and will deliver strong revenue growth going forward, too:<blockquote>蔚来还提供独特的电池即服务产品，允许客户在蔚来的换电站更换电池。这将充电时间缩短到几分钟，与其他电动汽车车型明显更长的充电时间相比非常有利。对于那些因为担心大量停机时间而不愿意购买电动汽车的人来说，蔚来汽车可能是他们仍然可以考虑的电动汽车产品。我认为这个USP是蔚来潜在的长期增长动力，应该有助于该公司在这个竞争激烈的市场中获得市场份额。但需要注意的是，在所有相关市场建设这些换电站将花费大量资金，因此蔚来的资本支出可能会高于其他电动汽车厂商。蔚来第一季度收入增长 500% 以上，未来也将实现强劲的收入增长：</blockquote> <img src=\"https://static.tigerbbs.com/cef4405a87e449cbbef819ea69e868d1\" tg-width=\"635\" tg-height=\"467\">Data by YCharts<blockquote>数据由YCharts提供</blockquote> Current consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.<blockquote>目前的共识预计看涨期权今年的收入将增长 125%，而明年的收入将增长 63%，2023 年收入将增长 47%。这代表着强劲的增长，远远超出分析师对当前市场领导者特斯拉的预期，尽管应该指出的是，蔚来的增长基础较小。</blockquote> BYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.<blockquote>比亚迪是一家鲜为人知的中国电动汽车制造商，但它也在奉行有吸引力的战略。比亚迪并不只专注于高端乘用车，而是在此基础上提供广泛的商用电动汽车。例如，其产品包括电动卡车和电动公共汽车，这些产品在未来几年具有很大的潜力。取消柴油动力公交车可能会改善人口密集城市的空气质量，而且由于公交车的平均速度低，平均行驶距离短，续航里程并不是一个大问题。不过，比亚迪还提供其他电动技术，包括正在中国以及巴西等海外市场建造的名为 Skyrail 的单轨系统。</blockquote> BYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.<blockquote>比亚迪也是一家主要的电池制造商，这自然让比亚迪能够接触到整个电动汽车领域。即使其他制造商销售电动汽车，他们也往往不生产自己的电池，而是从比亚迪等公司购买电池。因此，与许多其他电动汽车公司不同，比亚迪也可以从竞争对手的增长中获利。这一点尤其重要，因为目前尚不清楚十年或二十年后哪家电动汽车公司最终将引领市场，但可以肯定的是，市场领导者将需要电池来制造其车辆。</blockquote> BYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been&nbsp;quite successful&nbsp;in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.<blockquote>然而，比亚迪也生产自己的乘用电动汽车（混合动力汽车和纯电动汽车），这意味着它不仅仅是一家供应商。其汉车型在国内市场相当成功，使比亚迪成为不太知名但相当成功的电动汽车市场份额竞争者。与蔚来不同，比亚迪已经盈利，其估值似乎是电动汽车领域最低的之一。我认为，这至少部分是投资者关系部门人手不足的结果。将蔚来上可用的信息（英文）数量与讲英语的投资者可以获得的信息数量进行对比，可以发现存在很大的差异，这可能解释了为什么蔚来受到更广泛的关注——尽管它是一家规模较小的公司。比亚迪2020年的收入为220亿美元，预计今年将增长至290亿美元，2022年将增长至340亿美元。因此，比亚迪的增长速度预计将比蔚来汽车的增长速度稍慢，但比亚迪2022年的预计收入约为蔚来的4倍。因此，尽管比亚迪是一家规模更大、利润更高的企业，但其 1000 亿美元的市值仅略高于蔚来，这可能令人惊讶。我再次认为，这至少部分是由于比亚迪在中国以外的知名度不高，许多散户投资者因此涌向更知名、更突出的蔚来。</blockquote> Should You Buy NIO Or BYD Auto<blockquote>您应该购买蔚来还是比亚迪汽车</blockquote> As stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.<blockquote>如前所述，投资高增长公司不会自动带来高额回报，因为估值也起着重要作用。我相信，蔚来是增长较高的选择，其 BaaS 服务和强大的品牌为其未来的成功奠定了良好的基础。另一方面，蔚来汽车的股价相当昂贵，目前的交易价格接近明年收入的 10 倍。比亚迪是一个增长较低的选择，但其乘用车电动汽车、商用电动汽车和电池业务的多元化运营可能会在未来许多年内带来充足的收入和盈利增长。比亚迪是少数几个已经盈利的电动汽车企业之一，这自然是一个很大的优势，而且比亚迪低得多的估值也使其股票看起来很有吸引力。股票交易价格约为明年收入的 3 倍，考虑到许多其他电动汽车股票的交易价格是明年收入的 10 倍甚至更多，这似乎并非不合理。比亚迪得到巴菲特旗下伯克希尔哈撒韦公司（纽约证券交易所股票代码：BRK.A）（纽约证券交易所股票代码：BRK.B）的支持也是一件好事。</blockquote> Depending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.<blockquote>根据您是优先考虑增长还是价值，您可能更喜欢蔚来或比亚迪——这两家公司似乎都是具有充足长期潜力的选择，尽管两家公司都不能保证获胜，这就是为什么不要大声买入。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy\">seekingalpha</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYDDY":"比亚迪ADR","NIO":"蔚来","01211":"比亚迪股份","002594":"比亚迪"},"source_url":"https://seekingalpha.com/article/4437449-nio-vs-byd-ev-stock-good-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131141642","content_text":"Summary\n\nChina is a leading EV market, and it looks like Chinese players will have it easier in their home market compared to foreign companies.\nBoth NIO and BYD have attractive offerings on the market and employ strategies that differentiate them from competitors.\nNIO is the higher-growth pick, while BYD is the better value play. Both could be attractive picks for the long run.\n\nbaona/iStock via Getty Images\nArticle Thesis\nEV stocks have been strong performers in 2020 on the back of strong market growth and helpful government policies. China has turned into one of the most important markets for electric vehicles, and since the Chinese government is oftentimes accommodating to Chinese companies, it makes sense to look among Chinese EV players for exposure to this high-growth market. Both BYD Company(OTCPK:BYDDY)(OTCPK:BYDDF)and NIO Inc.(NYSE:NIO)fit that description, and they both generate compelling growth and are on a strong trajectory. They differ, however, when it comes to the strategies they utilize in order to fuel growth, and there are differences in the respective valuation as well. Depending on your investment approach, you may either favor BYD or NIO.\nNIO Stock Price\nNIO saw its shares rally massively over the last year, as they delivered gains of 600% in just twelve months:\nData by YCharts\nThis was easily more than what the broad market generated, and also outperformed peers such as Tesla(NASDAQ:TSLA), which gained about 240% over the same time frame. It should, however, be noted that NIO experienced a steep selloff in spring 2021, as its shares declined by close to 50% between January and May, before starting to climb again in recent weeks. When we take a look at current analyst price targets, NIO has an upside of around 20%, as analysts have a target price of $60, versus a current share price of $50.\nWhen looking at NIO's valuation, we can't really use an earnings multiple here, as NIO is not yet profitable. It is pretty clear, however, that NIO, with a market capitalization of $81 billion, is priced for a lot of future growth -- which holds true for other EV pureplays as well. For reference, that is a higher market capitalization than that of many legacy auto companies, including Ford(NYSE:F)and BMW(OTCPK:BMWYY), which indicates that NIO may be aggressively valued right here, considering that it sells way fewer cars than these two companies.\nBYDDY Stock Price\nBYD Company has, like other EV players, benefitted a lot from growing EV enthusiasm over the last year, as its shares rose by 300% in twelve months:\nData by YCharts\nThat is about half as much as the gains experienced by NIO, but slightly more than the gains experienced by Tesla. Overall, a 300% gain in one year is, of course, outstanding -- and investors should not expect this to repeat in future years. Like NIO, BYD has experienced a steep selloff in spring, but BYD has also recovered most of that in recent weeks. Unlike NIO, BYD is profitable already, although only marginally. Shares are trading for around 130x trailing earnings today, which isn't a low valuation at all, but which compares favorably to the valuations some other EV stocks are trading at, such as Tesla, which trades for more than 600x trailing net profits.\nNIO Vs BYD Auto: Which Is The Better EV Stock?\nThe EV segment of the global automobile industry experiences rapid growth, and that naturally makes EV stocks attractive as growth investments. It should, however, be noted that valuations should always be considered when investing, and depending on the price one pays for a growth investment, it may take quite some time to see gains. Investors that chased high-growth tech stocks during the dot.com bubble, for example, had to wait years for their investments to pay off if they bought at the highs. All the growth in the EV space may thus be for naught if investors chase stocks and pay a price that is too high.\nOn top of that, the global automobile industry is, generally speaking, competitive, capital intensive, cyclical, and margins for most players are relatively low. That being said, the large growth runway for EVs means that quality EV companies will likely see their revenues and profits grow at a strong pace for many years, and thus a long-term oriented investor may still be intrigued by these stocks.\nNIO and BYD are employing different strategies when it comes to the EV market, and both of those strategies have merit, I believe. NIO is focused on higher-end, quality passenger EVs that are primarily sold in China, although NIO is also entering the European car market this summer. The company offers a range of different models, from sports cars to SUVs. Due to strong built quality and the usage of high-end materials, NIO cars are seen as premium products worthy of a high price in China. NIO has, despite its relatively young history, managed to build a strong brand in its home market already, which positions the company well for future success in the Chinese EV space.\nNIO also offers a unique Battery-as-a-Service product that allows customers to swap batteries at NIO's battery-swapping stations. This reduces the time to recharge to a couple of minutes, which compares very favorably to the significantly longer charging times of other EV models. For those that are reluctant to buy an EV because they worry about a lot of downtime, NIO's cars could thus be an EV offering that they might still consider. I see this USP as a potential long-term growth driver for NIO that should help the company gain market share in this highly competitive market. It should, however, be noted that building out these battery-swapping stations in all relevant markets will cost a lot of money, thus capital expenditures for NIO will likely be higher than those of other EV players. NIO delivered 500%+ revenue growth in Q1 and will deliver strong revenue growth going forward, too:\nData by YCharts\nCurrent consensus estimates call for a 125% revenue increase this year, while revenues will grow by 63% next year and by 47% in 2023. This represents strong growth and is significantly more than what analysts expect from the current market leader Tesla, although it should be noted that NIO is growing from a smaller base.\nBYD is a lesser-known Chinese EV player that is nevertheless pursuing an attractive strategy as well. BYD is not focused on higher-end passenger vehicles alone, but instead is offering a wide range of commercial EVs on top of that. Its offerings include electricity-powered trucks and electricity-powered busses, for example, which have a lot of potential over the coming years. Getting rid of diesel-powered busses could lead to better air quality in dense cities, and due to low average speeds and low average distances that are driven by busses, range is not too much of a concern. BYD is also offering other electric technologies, however, including a monorail system called Skyrail that is being built in China, but also in overseas markets such as Brazil.\nBYD also is a major battery manufacturer, which naturally gives BYD exposure to the EV space as a whole. Even when other manufacturers are selling EVs, they oftentimes are not producing their own batteries, but instead they buy those from companies such as BYD. BYD can thus, unlike many other EV companies, also profit from the growth of its competitors. This is especially great since it is not yet known which EV company will ultimately lead the market a decade or two from now -- but it is guaranteed that the market leader will need batteries to manufacture its vehicles.\nBYD does, however, also produce its own passenger EVs (hybrids and BEVs), which means that it is not solely a supplier. Its Han model has been quite successful in its home market, making BYD a lesser-known but pretty successful contender for EV market share. Unlike NIO, BYD is profitable already, and its valuation seems to be one of the lowest in the EV space. This is, I believe, at least partially the result of an understaffed investor relations department. Contrasting how much information (in English) is available on NIO with how much information English-speaking investors can get on BYD shows a wide discrepancy, which likely explains why NIO is followed more widely -- despite being the smaller company. BYD generated revenue of $22 billion in 2020, and that amount is forecasted to grow to $29 billion this year, and to $34 billion in 2022. BYD is thus forecasted to grow at a rate that is somewhat slower than NIO's growth rate, but BYD's forecasted revenue for 2022 is about 4x as high as that of NIO. It thus may come as a surprise that BYD's market capitalization of $100 billion is only slightly higher than that of NIO, despite being a much larger, and more profitable, enterprise. Once again, I believe that this is at least partially caused by the fact that BYD is just not as well-known outside of China, and that many retail investors thus flock to the better-known, more prominent NIO.\nShould You Buy NIO Or BYD Auto\nAs stated earlier, investing in high-growth companies will not automatically lead to steep returns, as valuations play a major role as well. NIO is the higher-growth pick, and its BaaS service and strong brand position it well for future success, I believe. On the other hand, NIO's shares are quite expensive, trading for close to 10x next year's revenue right now. BYD is a lower-growth pick, but its diversified operations across passenger EVs, commercial EVs, and its battery business will likely lead to ample revenue and earnings growth for many years nevertheless. BYD is, as one of just a few EV players profitable already, which naturally is a major plus, and BYD's much lower valuation also makes shares look attractive. Shares trade for ~3x next year's revenue, which does not seem unreasonable, considering that many other EV stocks are trading for 10x revenue or even more. The fact that BYD is backed by Buffett's Berkshire(NYSE:BRK.A)(NYSE:BRK.B)is also a nice-to-have.\nDepending on whether you prioritize growth or value, you may either prefer NIO or BYD -- both companies seem like picks with ample long-term potential, although neither are guaranteed winners, which is why don't rate either a screaming buy.","news_type":1,"symbols_score_info":{"BYDDY":0.9,"002594":0.9,"01211":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1424,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":9,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/158224506"}