The electric vehicle industry in China is in the midst of a bit of turmoil, and that has been reflected in the performance of the NIO stock over the past two weeks or so.
NIO Inc (NYSE:NIO), the Chinese electric vehicle manufacturer, announced its earnings for Q1 2019 on May 28 and perhaps the biggest takeaway was that the company had lost a staggering $395.23 million in the period.
Fall in RevenueRevenues for the period stood at $243.1 million, while the loss per share came in at $0.38, and more importantly, both those ...
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