Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint
NIO: Battery fires lead to recall of nearly 5,000 EVs
Shanghai – The founder and chief executive of Nio has apologized in an open letter after the Chinese electric car start-up had to recall around 5,000 vehicles after battery fires sparked safety concerns. The New York-listed company will speed up … Continue reading NIO: Battery fires lead to recall of nearly 5,000 EVs