**Nio Losses Skyrocket in 2023, Yet Unveils Game-Changer for 2024 EV Market | Don’t Miss Out on This Breakthrough**
Shanghai, China – Nio Inc., a Chinese electric vehicle manufacturer, reported a significant increase in its annual loss last year amid intense competition in the world’s largest EV market. The company’s fourth-quarter net loss of 5.4 billion yuan extended its annual deficit to 20.7 billion yuan ($2.9 billion) in 2023. Despite posting better-than-expected sales in the final quarter of the year, Nio faced challenges. Nio’s Chief Financial Officer, Steven Feng, emphasized the company’s focus on …