In December Nio launched its second production model, the ES6, a five-seater electric SUV. Photo: Handout

Chinese electric vehicle maker Nio scraps Shanghai factory plan after losses double to US$1.4 billion

  • Nio sold just over 10,000 units in the past year, well below the market consensus of 100,000 needed to achieve economies of scale
Topic |   Electric cars

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In December Nio launched its second production model, the ES6, a five-seater electric SUV. Photo: Handout
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