Electric vehicle

Nio stock plunge casts doubt over China’s EV prospects

Heavy losses, job cuts and asset disposals at China’s largest electric vehicle maker even raise questions over whether a bubble could be about to burst. At the very least, tough times lie ahead.

China’s once-ballooning electric vehicle industry is showing signs of bursting after the country’s largest manufacturer reported the biggest quarterly loss since its inception, triggering massive job cuts and asset sales.

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