While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa
While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa

Chinese electric-car maker NIO’s shares soar as loss shrinks, though cash concerns linger

  • NIO reported an adjusted net third-quarter loss of US$342.9 million, smaller than expected
  • Its finances remain strained, with the government reducing subsidies and tougher competition with Tesla

Topic |   Tesla
While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa
While NIO has cut thousands of jobs and started to scale back marketing expenditures, its finances remain strained. File photo: SCMP / Roy Issa
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