More than a bailout, Tencent-backed NIO needs a new strategy to survive

More than a bailout, Tencent-backed NIO needs a new strategy to survive

A Tesla Inc. Model S electric vehicle is displayed at the company's showroom in Newport Beach, California, U.S. Photographer: Patrick T. Fallon/Bloomberg

Will a provincial government be able to save China’s Tesla wannabe? Investors seem to think so. The reality may be different.

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