Caixin
Aug 30, 2018 08:17 PM
BUSINESS & TECH

Investors Doubtful Over IPO for China’s Tesla

A Nio ES8 electric sports utility vehicle on display during an exhibition in Beijing on Aug. 14. Photo: IC
A Nio ES8 electric sports utility vehicle on display during an exhibition in Beijing on Aug. 14. Photo: IC

*Even though Nio Inc. has slashed the amount it wants to raise by $300 million, investors at the first stop on its roadshow expressed doubts over the company’s prospects

*The company delivered over 1,300 vehicles as of August, but lost some $732 million last year

Electric-car upstart Nio Inc.’s planned New York initial public offering (IPO) was met with skepticism from institutional investors as it kicked off its financial roadshow.

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