In Depth: Nio Looks to Ride Uptick in EV Sales Out of Slump in Crowded Market

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From startup to prominent brand, Chinese electric-vehicle (EV) maker Nio Inc. entered the industry when it was still budding and rode the wave of demand to the top, where it is now facing competition from an influx of new and traditional carmakers.

To combat challengers eating away at its market share, the automaker has shifted strategies to prioritize sales and boost production.

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