Customers look on as the EP9 electric sports car stands on display inside the NIO House showroom at the Shanghai Tower in Shanghai on September 14, 2018. The company now plans to set up much smaller stores called NIO Spaces. Photo: Bloomberg

NIO CEO pledges improving finances even as Tesla challenge looms in China

  • Shanghai-based NIO has accumulated a deficit of almost US$6 billion since its founding in 2014
  • The firm’s third-quarter earnings, set to be released on Monday, are expected to show it is still a long way to profitability
Topic |   Electric cars
Customers look on as the EP9 electric sports car stands on display inside the NIO House showroom at the Shanghai Tower in Shanghai on September 14, 2018. The company now plans to set up much smaller stores called NIO Spaces. Photo: Bloomberg
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