Nio Inc and Sales Problems

ev: There are too many uncertainties from when a company tells a story in the early stage, to when it produces a sample car and raises funds, to the eventual mass production, said Wei, managing director at Shanghai-based Sailing Capital, according to Global Times China. Wei, who declined to identify the EV makers his team visited, said that he thinks only a few of them will survive. The end result They decided not to invest in any. Sailing instead decided to invest in an EV parts supplier, he added. Numerous setbacks plaguing US EV giant Tesla in its quest for sustained profitability as well as a dramatic slide in sales and problems with some cars at Chinese start-up NIO Inc have also put investors on their guard. His concerns reflect what bankers describe as increasingly tough funding times for Chinese EV makers, which must jostle for attention in a crowded sector and produce convincing arguments about profitability despite government cuts to EV subsidies and plans to phase them out. (news.financializer.com). As reported in the news.