Chinese EV maker Nio posts bigger quarterly loss amid higher battery prices

Chinese EV maker Nio posts bigger quarterly loss amid higher battery prices

FILE PHOTO: Chinese electric vehicle start-up Nio Inc. vehicles are on display in front of the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering (IPO) in New York, U.S., September 12, 2018. REUTERS/Brendan McDermid

Chinese electric automaker Nio Inc on Thursday reported a bigger quarterly loss due to a jump in costs, and said it expects deliveries to almost double in the current quarter.

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