Nio

The company reported a narrowing net loss of USD 352.8 million, representing a 10.3% year-on-year decrease.

The EV maker also released a redesigned ES8 model and an upgraded battery pack.

2019 turns out to be an eventful year for Chinese tech tycoons. Hear what those who rein in the powerhouses have to say to wrap up the year.

While first-tier tech giants are retreating, Xiaomi and Meituan Dianping are testing the waters in the new energy vehicle sector via investments.

More EV companies are eyeing collaboration in the battery charging sector.

The two companies have also established a strategic partnership in ride-hailing service, power and energy solutions, and the production and sales of Byton models overseas.

The total auto sales also had a 4% decrease.

The EV maker might need another RMB 15 billion (USD 2.1 billion) in funding between 2019 and 2020 to stay afloat.