Nio

Nio Inc. Faces Lawsuit Over Alleged Factory Claims Misinformation

Chinese electric vehicle producer, Nio Inc., is under scrutiny. A U.S. judge has given the green light for Nio investors to pursue a class action lawsuit. They claim that Nio misled them about constructing its own factory in Shanghai during…

Haye Kesteloo
08/10/2023

Tesla on Top Despite Shrinking China Market Share

Despite encroaching competition in the colossal auto market of China, Tesla is poised to set a new record for its quarterly sales, with expectations set around 155,000 vehicles for April to June. This robust growth signifies a 13% increase from…

Haye Kesteloo
06/28/2023