Nio: Epidemic, cash crunch cast cloud over viability

EV startup Nio, which is backed by Chinese internet giant Tencent, has been hit by dwindling demand and reduced government subsidies in China.

By:

Reuters

March 18, 2020 08:17 PM

Nio Inc warned there is substantial doubt about its ability to continue as a going concern on Wednesday, prompting the cash-strapped electric vehicle maker's shares to slump.

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