Nio deliveries tank 40% in Q1: former MI6 chief says Chinese EVs a ‘serious problem’

All eyes are on Nio Inc (NYSE: NIO) today after it reported a rather huge 40% sequential decline in deliveries for its first quarter. Nio delivered over 30,000 vehicles in Q1 The EV firm based out of Shanghai, China delivered 30,053 vehicles in total that translates to a 3.0% decline versus the same quarter last […]