Your daily updates around automobile industry
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 […]
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” […]