NIO ES8 electric SUVs are seen displayed at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. Photo: Reuters

Cash-strapped Chinese Tesla challenger NIO raises doubts about survival amid Covid-19 outbreak

  • The electric vehicle maker’s net loss widened to US$411.5 million in the last three months of 2019, a 13.6 per cent increase quarter-on-quarter
  • There is substantial doubt about the company’s ability to continue as a going concern, it says
Topic |   Start-ups
NIO ES8 electric SUVs are seen displayed at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. Photo: Reuters
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