Replies to post #10316 on Nio Inc (NIO)

[JLS]

From same information source:

"After several years of booming electric-car sales, driven by generous government subsidies for buyers, the government last year started cutting those funds, causing sales to fall.

Unreliable batteries and other quality problems have also dampened consumer enthusiasm. Nio last year recalled 4,800 car batteries after reports of several fires, worsening the unprofitable company’s already precarious finances. The startup lost $1.2 billion in the first nine months of 2019 and recently warned it could run out of cash this year unless it raises new funding."

Date on article is Jan. 17, 2020.

http://tinyurl.com/swmam8k