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Nio's agreement with Hefei is one of eight deals the city has signed in efforts to control coronavirus and support economic development, CNBC reported.
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.
Clovis Oncology, currently the most expensive stock to short, boasts a 109% borrow fee according to data from S3 Partners, a financial analytics firm.
The electric carmaker delivered 4,799 vehicles in the third quarter, up 35.1% from the second quarter.
The ‘Tesla of China’ craters 30% after announcing a bigger-than-expected loss and thousands of job cuts
Nio, a China-based electric automaker, said it plans to cut thousands of jobs over the next few months in an effort to control costs.
Chinese Tesla rival Nio is crashing after slashing its delivery outlook and calling off plans for a Shanghai factory
Nio, seen as the Tesla of China, crashed 20% after it cut its delivery guidance and canceled plana to build a manufacturing plant in Shanghai.