China's Nio plans 3 car models next year, sets up team for mass-market brand

BEIJING : Nio Inc plans to deliver three new car models next year, including its first sedan, Chief Executive William Li said on Thursday, as the Chinese premium electric vehicle maker reported a narrower loss for the quarter ended June.

Nio, which is making and selling three SUV models in China's eastern city of Hefei, reported a 659.3 million yuan loss in the second quarter, 45.4per cent narrower than a year earlier.

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China's Nio plans 3 car models next year, sets up team for mass-market brandBEIJING : Nio Inc plans to deliver three new car models next year, including its first sedan, Chief Executive William Li said on Thursday, as the Chinese premium electric vehicle maker reported a narrower loss for the quarter ended June.The automaker has also stepped up its preparations to make mass marke Nio is a very dodgy company.
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