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In Depth: EV Upstart Nio Going Nowhere Fast

By Yu Cong and Ding Yi
2025年03月28日 20:00
Company founder acknowledges missteps, after botched launch of budget model and seemingly never-ending losses

Nio Inc. is at a crossroads. The Chinese electric vehicle (EV) upstart is grappling with persistent losses that show little sign of ending, as enthusiasm for its mass-market model wanes, operating costs rise and the industry’s brutal competition intensifies.

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