Electric Shock: NIO’s Surging Deliveries Paired with Growing Losses – What It Means for the EV Giant
NIO had a huge year in 2024, delivering more cars than ever before. The Chinese electric vehicle (EV) company saw its sales jump nearly 40% year-over-year, proving that demand for its sleek, tech-packed EVs is stronger than ever. But here’s the problem—NIO is still losing money, and those losses are only getting bigger. The company…