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Province in South China
Guangdong is a coastal province in South China, on the north shore of the South China Sea with Guangzhou as the capital. With a population of 128.590 million across a total area of about 179,800 km2 (69,400 sq mi), Guangdong is the Chinese province with the largest GDP, the largest population and the 15th-largest by area, as well as the fifth-most populous country subdivision and the 5th largest country subdivision by GDP in the world.
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Guangdong accounts for about 13% of Nio's cumulative battery swaps in China.
Goldman’s bullish case cites fast delivery growth, premium margins and a potential profit and free-cash-flow turnaround through the rest of 2026.