Is Anyone Willing to Bail Out Chinese Electric-Car Maker NIO?
A deal to provide Chinese electric-car maker NIO (NYSE: NIO) with urgently needed cash to build a factory has fallen through because of "heavy risks," according to a new report from China's National Business Daily.
NIO's efforts to raise cash accelerated after it reported in September that it had burned over $600 million in the second quarter, leading analysts to speculate that the company could go broke within weeks.
Is the end approaching for NIO? Here's what we know.
Source Fool.com
