The stock market always likes to listen to stories, but investors do not follow blindly.

After Nikola's story turned out to be made up, no capital was willing to pay for it. In the electric vehicle industry, everyone wants to be Tesla, Inc., but there are conditions, first, there is a potential market, second, there must be a perfect industrial chain layout and excellent technology.

Recovery is imminent, the world is betting on China's electric car market, NIO Inc. may become the next Tesla, Inc..

The traditional giant Volkswagen, which formally declared war on Tesla, Inc. last year, has raised its stakes in the Chinese market. On the 28th, German Volkswagen announced that it will invest 15 billion euros in China's new energy market in conjunction with FAW-Volkswagen, SAIC-Volkswagen and Jianghuai Volkswagen. More interestingly, Volkswagen Group has added another battery supplier, Guoxuan Tech. Next, the new Volkswagen electric model will use batteries from A123 of Ningde Times, Guoxuan Hi-Tech and Wanxiang Group.

Behind the bet on the Chinese market is a huge consumption potential and a relatively perfect industrial chain. Even Tesla, Inc., the "own son" of the Trump administration, took the lead in suing the US government, demanding that tariffs on China be stopped. On the 29th, S&P Global Inc. rating predicted that China's car sales in 2021 will grow by 4%, 6% year-on-year, up from the previous 2%, which means that a strong recovery in China's auto market is imminent. China's car sales became regular in April, and sales of new energy vehicles increased in July, and the Chinese market has taken the lead in coming out of the shadow of the epidemic.

While bullish on the Chinese market, investment banks are bullish on the new power of local car building. The United States fell on Tuesday, but NIO Inc. closed up 10.85%, and Deutsche Bank continued to maintain its "buy" rating, even saying that NIO Inc. could become the next iconic car brand. Indeed, in the recent study of electric vehicle brand preference, consumers' preference for NIO Inc. 's car is as high as BBA, with a recommendation rate of 62%.

In a sense, the new power of Chinese car-making has a natural advantage, backed by a strong market and raw material suppliers, and the support of government policies has become the key to the promotion. The massive promotion of the power exchange mode in 2020 has also put many independent car companies and local battery suppliers ahead of Tesla, Inc. and other leaders.

XPeng Inc. was not idle either. After busy raising money, he began to tell a new story, this time a flying car. At the Beijing auto show, XPeng Inc. showed off an electric flying car called Kiwigogo, a masterpiece of Xpeng Heitech, an air car rental company invested by CEO he Xiaopeng, while financing for Xpeng Heitech was also on the agenda.

It will take time to prove whether the layout of flying cars is a gimmick or a cutting-edge, but it may become the next industry tuyere, and Japanese companies such as SkyDrive, Geely Technology and General Motors Co are all working on this technology.