This Tesla competitor was almost bankrupt, now it`s making a spectacular comeback in China
(WorldNews Germany)

This is an automated machine translation of an article published by Business Insider in a different language. Machine translations can generate errors or inaccuracies; we will continue the work to improve these translations. You can find the original version here. Chinese e-car startup Nio was already on the verge of bankruptcy, but a billion-dollar investment by the Chinese city of Hefei provided a turning point last year. Now Nio unveiled its first sedan to compete against Tesla, VW and Co. Starting in late 2022, the ET7 will be the first production vehicle with a solid-state battery. The 150-kWh variant should ensure a range of up to 1,000 kilometers. More articles on Business Insider can...