China Tesla rival Nio is up 240% this year and the company is revamping plans to go global

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Once on the brink of bankruptcy, Chinese electric car company Nio is pressing ahead with plans to expand to Europe and beyond.

Musk also has his eye on Europe. After expanding operations in China with a new factory in Shanghai, the second gigafactory outside the U.S. is set for Berlin.stock split for stockholders of record on Aug. 21.The economic shock of the coronavirus pandemic hit a Chinese auto market already struggling from a months-long slump in sales. Automobile sales in the first seven months of the yearfrom a year ago, with that of new energy vehicles falling 32.

New energy vehicles, which include pure electric and hybrid cars, posted their first sales increase for the year in July, up 19.3%, the ministry said. China is the largest automobile market in the world. Beijing has national ambitions to become a global leader in new energy vehicles, while the auto industry overall plays a significant role in the nation's economy. Soon after the coronavirus outbreak subsided within the country, Chinese authorities announcedSome of the start-ups that have survived the initial

 

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Vertical. $NIO

Everything from china is rubish

All you idiots saying you’ll never drive a Chinese car. 99% of the things in your house are made in China. The 1% being your present automobile. This is the future of EV..... 1 TESLA 2 NIO... this is the new GM and FORD rivalry

A complete China Hustle stock

A lot of people commenting here are talking absolute shit

A fantastic business , with a fantasitc product and intriguing new business model to take on the EV market

I’ll never buy a chinese car.

We all know how reliable Chinese numbers are!

Exactly!! Japanese and Korean automakers strive for perfection. Quality parts. Chinese businesses are known for being shady... low quality parts 👎🏻

Stole all shit Elon

Id never drive a Chinese made car, never

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Chinese EV maker Nio launches battery leasing service, eyes global marketChinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack - one of the most expensive EV components - thereby lowering the starting price of its cars. Never to own a car or its components again chineas
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