Vehicles on fire, a drastically reduced delivery outlook, first-quarter sales halved and subsidies cut by the government.
It hasn’t been a smooth six months for electric vehicle startup, Nio, which some dubbed China’s Tesla.
With the Tuesday delivery of its second model, the five-seater ES6 sport-utility vehicle, the spotlight is on whether the company can reverse its fortunes, as it market capitalization has evaporated over 60% since its listing last year.
Check caixinglobal.com for an in-depth report on Nio’s fate.
Contact reporter Jason Tan (email@example.com)