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China's E.V. Threat: A Carmaker That Loses $35,000 a Car
05 Oct 2023 | Abstracted from NY Times
"Chinese electric vehicle companies like Nio are pulling ever further ahead, partly through government support but also rapid technological advances.
"Nio, a Chinese electric car company...employs 11,000 people in research and development, but sells a mere 8,000 cars per month...Nio embodies China's dominance of electric vehicle innovation and manufacturing...China's E.V. exports have surged 851 percent in the past three years, mainly to
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