Nio Jumps After Chinese EV Maker Signals First Quarterly Profit
Nio Inc. shares jumped after the Chinese electric-vehicle maker said it likely posted its first quarterly profit, a watershed moment for a company that has spent years burning through billions...
By Charlie Zhu, Chunying Zhang · Bloomberg Markets
Nio Inc. shares jumped after the Chinese electric-vehicle maker said it likely posted its first quarterly profit, a watershed moment for a company that has spent years burning through billions of dollars to challenge Tesla Inc. and local rivals.