China’s Nio
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China’s Nio Misses Profit Forecast Even as EV Sales Grow

Chinese electric-vehicle upstart Nio Inc. posted a wider-than-expected loss in the fourth quarter, a year after a government cash injection saved the company from bankruptcy. Credit: bloomberg.com The net loss amounted to 1.39 billion yuan ($203.6 million), compared with 2.86 billion yuan a year earlier, the New York-listed company said in a statement on Monday […]

2020 Auto News Auto Sales Tesla USA automobiles

China Tesla rival Nio is up 240% this year and the company is revamping plans to go global

Nio Founder and Chairman William Li told reporters Thursday the Chinese electric car company plans to venture into other markets starting in the second half of next year. The company would like to begin with Europe, and enter other major global markets in the next few years, Li said. Nio also announced Thursday a “battery-as-a-service” […]