HONG KONG -- When Chinese electric vehicle maker Nio in March told investors it might not have enough capital to survive another 12 months -- just a year after a high-profile US IPO -- many thought it would be the end of the five-year-old startup.
Business Spotlight
China's local governments ride to the rescue of EV startups
While Nio takes bailout to relocate, Xpeng and Li Auto IPOs raise billions
