Tuesday, March 31, 2020
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After several disappointing quarters, Chinese EV maker Nio’s sales surge

Nio delivered 4,799 vehicles in the third quarter, a 35.1% surge in sales and a positive development for the Chinese electric automaker that has been plagued by cost overruns, a voluntary battery recall and macroeconomic conditions such as declining passenger vehicle sales and reduced EV subsidies. The company said Tuesday it also exceeded the middle…