/closeup%20of%20electric%20car%20charging%20by%20Scharfsinn86%20via%20iStock.jpg)
The electric vehicle (EV) sector is changing very quickly. Chinese EV producers now reign supreme, with the vast majority of EVs currently produced coming out of China. While BYD (BYDDF) and other top Chinese names continue to dominate most of the discussion when it comes to overall deliveries, there happen to be a number of other smaller EV automakers that are worth paying attention to.
One of the other top names in this sector? Nio (NIO), a company that just reported a new monthly deliveries record in December. Nio delivered 48,135 vehicles for the month, reflecting growth of more than 54% on a year-over-year (YOY) basis. Much of this growth has come from a new vehicle launch of Nio's FIREFLY brand, which offers commuters a smaller and more efficient vehicle with greater range. For many looking for a reliable and range-oriented option, this is an excellent move from a diversification perspective.
