Nio released its second-quarter financial results on Tuesday and they weren't good. The struggling Chinese EV startup, often described as the Tesla of China, reported a net loss of 3.29 billion yuan (approximately $462 million) for the quarter, or 83 percent higher than in the same period a year ago. And the company's sales are already on the...
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Wednesday, September 25, 2019
Nio to cut staff by 20 percent as sales slide
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