Tesla and NIO Will Benefit From China’s Carbon Credit System

Rarely can investors go wrong when they side with a Chinese stock that is enjoying favorable push from the country’s policymakers and the electric vehicle industry seems like one such bet right now. Tesla (Nasdaq: TSLA), NIO Limited (Nasdaq: NIO) and Niu Technologies (Nasdaq: TSLA) look well placed to monetize and benefit from the push. Last week, Beijing Environmental Exchange launched a credit system that will allow car users to collect credits for rewards. Although financial benefits for electric vehicle drivers may not be more than a few hundred dollars…

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