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Tag Archives: ‘transformational’

Earnings Results: Nio’s sales top $2 billion in ‘transformational’ year

Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported mixed fourth-quarter results and said revenue for a “transformational” 2020 topped $ 2 billion. Nio NIO, +8.69% said it lost RMB1.39 billion ($ 212.8 million) in the quarter, or 16 …

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