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7	7	Expanding into electric sedans like the ET5 and ET7{{footnote}}https://www.nio.com/{{/footnote}}, as well as benefiting from China experiencing its recovery from the initial outbreak of the coronavirus, Nio's annual revenue went from $1.12 billion in 2019, to $2.49 billion in 2020{{footnote}}https://seekingalpha.com/symbol/NIO/income-statement{{/footnote}}, with analyst estimating the company's annual revenue to hit $5.62 billion for 2021{{footnote}}https://finance.yahoo.com/quote/NIO/analysis?p=NIO{{/footnote}}.
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9		-Seeing itself as a possible "
	9	+Thanks to its improved results, plus the "EV bubble" that emerged in electric vehicle stocks, NIO stock went from
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	11	+=== Recent Developments ===
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	13	+Seeing itself as a possible "Tesla killer," Nio has long hinted at global expansion, and in 2021, made its initial move into an international market, launching its operations in Norway.
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