{"id":265585,"date":"2023-10-10T01:05:03","date_gmt":"2023-10-10T01:05:03","guid":{"rendered":"https:\/\/www.evearly.news\/en\/report-nio-loses-35000-per-car-has-lost-835-million-in-q2\/"},"modified":"2024-01-21T01:08:41","modified_gmt":"2024-01-21T01:08:41","slug":"report-nio-loses-35000-per-car-has-lost-835-million-in-q2","status":"publish","type":"post","link":"https:\/\/www.evearly.news\/en\/report-nio-loses-35000-per-car-has-lost-835-million-in-q2\/","title":{"rendered":"Report: Nio loses $35,000 per car, has lost $835 million in Q2"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/st.arenaev.com\/news\/23\/09\/nio-losing-money\/-1242x621\/arenaev_000.jpg\" alt=\"ArenaEV\"><br \/> Nio has lost $835 million in Q2, a report by the New York Times estimates, which is around $35,000 per shipped car. Nio shipped around 8,000 EVs in that time. The report cites China&#8217;s government&#8217;s &#8220;formidable&#8221; financial backing of its car companies as the reason they&#8217;re as competitive, since they don&#8217;t need to worry about profitability. The European Union suspected as much and launched a probe into the matter. Should the EU conclude that the Chinese government is subsidizing its EV makers, it could impose a tariff to level the playground and protect its own auto industry. When&#8230; <a href=\"https:\/\/www.arenaev.com\/report_nio_loses_35000_per_car_has_lost_835_million_in_q2-news-2533.php\" target='blank' rel=\"noopener\">More&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/st.arenaev.com\/news\/23\/09\/nio-losing-money\/-1242x621\/arenaev_000.jpg\" alt=\"ArenaEV\"><br \/> Nio has lost $835 million in Q2, a report by the New York Times estimates, which is around $35,000 per shipped car. Nio shipped around 8,000 EVs in that time.<\/p>\n<p>The report cites China&#8217;s government&#8217;s &#8220;formidable&#8221; financial backing of its car companies as the reason they&#8217;re as competitive, since they don&#8217;t need to worry about profitability.<\/p>\n<p>The European Union suspected as much and  launched a probe into the matter. Should the EU conclude that the Chinese government is subsidizing its EV makers, it could impose a tariff to level the playground and protect its own auto industry.<\/p>\n<p>When&#8230; <a class=\"continue-reading-link\" href=\"https:\/\/www.evearly.news\/en\/report-nio-loses-35000-per-car-has-lost-835-million-in-q2\/\"><\/a><\/p>\n","protected":false},"author":27,"featured_media":265586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-265585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arenaev"],"_links":{"self":[{"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/posts\/265585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/comments?post=265585"}],"version-history":[{"count":1,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/posts\/265585\/revisions"}],"predecessor-version":[{"id":281566,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/posts\/265585\/revisions\/281566"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/media\/265586"}],"wp:attachment":[{"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/media?parent=265585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/categories?post=265585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.evearly.news\/en\/wp-json\/wp\/v2\/tags?post=265585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}