Nio (NIO) calls rest of year ‘critical period’ for EV maker, as ES7 SUV and ET5 sedan deliver
September 7, 2022
Nio (NIO) released its Q2 earnings Wednesday morning as the Chinese EV maker enters a critical stage of development. With competition rising and the auto supply chain still in shambles, Nio’s losses are widening as it introduces several new EVs to the market.
Since its foundation in 2014, Nio has been a pioneer in the Chinese EV industry. The automaker was deemed the “Tesla of China”…