NIO Shares Soar as Loss Shrinks, Though Cash Concerns Linger
William Li, co-founder of NIO Inc., poses for a portrait at the automaker’s showroom in Beijing, China. (Photographer: Giulia Marchi/Bloomberg)  

NIO Shares Soar as Loss Shrinks, Though Cash Concerns Linger

(Bloomberg) -- NIO Inc. surged in U.S. trading after the Chinese electric-car maker paired better-than-expected quarterly results with a warning that it’s still running low on cash.
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