After laying off 70 workers and closing an office in the U.S., Chinese automaker Nio is searching its cupboards for cash. EV sales have foundered in China this year after generous subsidies expired. and several companies have delayed or abandoned expansion plans. Nio seems to be no exception, except that it has other resources it can look to cash... Nio looks to shed other businesses to keep building cars
After laying off 70 workers and closing an office in the U.S., Chinese automaker Nio is searching its cupboards for cash. EV sales have foundered in China this year after generous subsidies expired. and several companies have delayed or abandoned expansion plans. Nio seems to be no exception, except that it has other resources it can look to cash...