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The ‘Tesla of China’ had staged a furious Wall Street comeback. Then came a freak car crash and a damning short-selling report – Fortune

July 31, 2022
Source: timesdelhi.com timesdelhi.com
News Snapshot:
Last Wednesday, a car lay upside down below a parking garage at the Shanghai headquarters of electric vehicle firm Nio. Shards of glass encircled the vehicle, as did a crowd of stunned onlookers that had just witnessed the Nio car plunge three stories from the parking structure above to the pavement below. The crash killed one passenger and a driver, and so far little is known about how and why the car punched through the third-floor wall to its deadly descent. The company claimed that the accident was “not caused by an issue with the vehicle.” Social media users called...
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