Tencent Backed Electric Car Startup-NIO Says It Might Not Survive Covid-19
Cash-strapped Chinese electric vehicle maker NIO said it had substantial doubt about its ability to remain operational in the next 12 months while awaiting new funding to shake off difficulties heightened by the novel coronavirus pandemic. “Based on the management’s assessment,…
Nio, The Tesla Of China, Surges After Reporting Strong Vehicle Deliveries For Q3 (NIO)
Nio, known as the Tesla of China, is gaining after reporting solid vehicle delivery numbers for the third quarter. Shares of the electric vehicle maker surged as much as 11.33% in early trading on Tuesday after the company reported that…
Chinese Electric-Car Maker Nio Is Fighting For Its Survival
Nio on Tuesday said it needed to raise $200 million from chief executive William Li and the Chinese gaming giant Tecent, one of its largest shareholders, after it burned through cash at a faster rate in the second quarter. The company…
Nio Ties With Razer To Roll Out Tailored EVs For E-sports Lovers
Chinese electric vehicle maker Nio has kicked off cooperations with Razer, one of the world’s leaders in high-performance gaming hardware and systems, Nio announced in a press release. As the first fruit of their partnership, a customized version of the Nio…
