both went public in 2020, while Nio repeatedly tapped the markets. Now, Nio’s shares are worth less than one-third of what they were at their peak in February 2021.Investors could hesitate for other reasons, too. While Wednesday’s filing show its top line nearly doubled in 2021 from a year earlier to 4.
. A further concern is that WM’s largest customer accounted for nearly a fifth of revenue last year: a cornerstone client can help a fledging auto brand, but it poses a concentration risk too.Chinese electric-car maker WM Motor on June 1 filed for an initial public offering in Hong Kong. The document does not reveal the size of the deal.
The company reported a net loss of 8.2 billion yuan for the year 2021, compared with a loss of 5.1 billion yuan a year earlier. It reported sales of 4.7 billion yuan for the same period, compared with 2.7 billion yuan in 2020.Editing by Una Galani and Thomas ShumOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
ReutersChina KatrinaHamlin Never trust or invest in the CCP in China and their corporations or debt.
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