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Tesla’s biggest Chinese competitor surges 35% after losing less money than expected last quarter

Nio reported a 35% increase in vehicle deliveries from the fiscal second quarter of 2019, showing a higher demand for the cars than previously thought.
The Nio ES8.

Tesla rival Nio is recalling around 4,800 vehicles after 3 caught fire

Nio announced the recall of its ES8 SUV Thursday on its website, citing an issue with an old version of its battery pack.