President Widodo is wise to invite car makers to open factories to create jobs for his people. By restricting the raw materials, the manufacturers has no choice but to go there and it's also good for SE Asia region to benefit in terms of having the plants near by. Thus, getting cars and parts would also be faster and cheaper. This is provided that there is not too many red tapes setting up shop for these car makers

although their NIM will improve, they may also have to factor in non performing loans ( or bad debts ) as their clients may face difficulties in repayment. Another factor to consider is the macro outlook. If a recession hits globally, all stocks will drop. As the saying goes, all ships will rise and drop with the tide. So maybe prudent in buy in now and keep more for later. 

if you have spare cash, you may want to invest 5% ( or whatever you feel comfortable ) at this point of time. We will never know when the low is but as of now, recession is the only known issue to look at ( Since the Feds has decided how many points the interest rate they are gonna hike to combat inflation ) 

If it’s at the highest, two things can happen. it will go higher in a bull run or corrected in a bear. No one can correctly predict and time the market. If you are comfortable with the prices of the shares and have the holding power, then you can buy and wait it out. Else, cash out your shares and wait for the correction which we will never know when. No one saw the market can crash last March in a black swan event. 

And Nio is on the radar of reddit

why not just buy both ? You are still buying into the motor industry but you have the best of both world. Pls do not forget about Tesla though