Wednesday, March 18, 2020

Nio: Epidemic, cash crunch cast cloud over viability

Nio, undermined by lower new-vehicle demand and reduced EV subsidies in China, warned there is substantial doubt about its ability to continue as a going concern, prompting the cash-strapped startup's shares to slump.



from Section Page News - Automotive News https://ift.tt/2Uj4p3m

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