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NIO Shares Soar 50% as Losses Shrinks

Dec.31 -- NIO Inc. surged in U.S. trading after the Chinese electric-car maker paired better-than-expected quarterly results with a warning that it’s still running low on cash. China’s electric-car market is slowing as the government reduces subsidies, and competition is getting tougher with Tesla Inc. starting deliveries of its China-assembled Model 3 sedans. Bloomberg China correspondent and anchor Selina Wang has the story.