David Fickling, Columnist

NIO Is More China's WeWork Than Its Tesla Killer

This electric vehicle producer makes Elon Musk’s company look like a staid and sensible investment.

September 25, 2019 at 5:59 AM UTC

David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.

Selling cars at a loss isn't a technology innovation.
Photographer: Qilai Shen/Bloomberg

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Haven’t we seen this play before?

NIO Inc., a Chinese electric-vehicle maker that was talked up as a potential Tesla Inc.-killer before its $1.15 billion initial public offering last year, is falling apart before our eyes.