Nio widens its net losses, pledges to cut costs

Nio’s losses were driven by hefty investments into new sub-brands Onvo and Firefly, as well as its battery swapping venture. By Stewart Burnett The post Nio widens its net losses, pledges to cut costs appeared first on Automotive World.

Mar 24, 2025 - 09:12
 0
Nio widens its net losses, pledges to cut costs

Nio’s losses were driven by hefty investments into new sub-brands Onvo and Firefly, as well as its battery swapping venture. By Stewart Burnett

The post Nio widens its net losses, pledges to cut costs appeared first on Automotive World.