A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg
A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg
NIO

NYSE-listed premium EV maker NIO to launch mass-market brand as more Chinese motorists go electric

  • Company posts net loss of 587.2 million yuan for the second quarter, narrowing from a loss of about 1.2 billion yuan a year ago
  • ‘It will not be enough for NIO to bolster profitability in the coming decade if it just focuses on expensive cars’: analyst

Topic |   NIO
A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg
A NIO production facility in Hefei, in China’s Anhui province. Photo: Bloomberg

Corrected [5:27pm, 13 Aug, 2021]

  • [5:27pm, 13 Aug, 2021]

    This story has been corrected to show that NIO will only launch a mass-market brand next year, not new models under this new marque.

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