Nio Inc (NIO)

[JellyDonut]

Old doesn’t mean irrelevant. How’s this? Old too? https://www.google.com/amp/s/www.wsj.com/amp/articles/chinese-tesla-wannabe-needs-a-financial-recharge-11577783243

NIO says its cash balance isn’t enough to provide the required working capital and liquidity for continuous operation in the next 12 months.

Net debt rose by 2 billion yuan ($286 million) in the third quarter, giving a good indication of how fast it is burning through cash. At this pace, its 2 billion yuan cash on hand as of September could soon be exhausted. NIO said it has received $90.5 million from issuing convertible bonds to its founder, with another $9.5 million pending, but even that is only going to last for another month.