{"id":34373,"date":"2019-03-06T16:23:17","date_gmt":"2019-03-06T16:23:17","guid":{"rendered":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=34373"},"modified":"2019-03-06T16:23:17","modified_gmt":"2019-03-06T16:23:17","slug":"chinese-tesla-rival-scraps-factory-plans","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=34373","title":{"rendered":"Chinese Tesla rival scraps factory plans"},"content":{"rendered":"<p class=\"zn-body__paragraph speakable\"><cite class=\"el-editorial-source\">Hong Kong (CNN Business)<\/cite>The company billed as China&#8217;s answer to Tesla has freaked out investors by warning that demand for its electric vehicles has failed to live up to expectations.<\/p>\n<div class=\"zn-body__paragraph speakable\">Shanghai-based <span>Nio&#8217;s<\/span> <span>(<span class=\"inlink_chart\"><a href=\"https:\/\/money.cnn.com\/quote\/quote.html?symb=NIO&#038;source=story_quote_link\" class=\"inlink\">NIO<\/a><\/span>)<\/span> stock plummeted 18% in after-hours trading in New York after it <a href=\"https:\/\/ir.nio.com\/static-files\/410a95cf-13f1-4b51-a889-45533fe7938b\" target=\"_blank\">reported<\/a> late Tuesday that sales have been sluggish so far this year. It also scrapped plans to build a factory in China. <\/div>\n<div class=\"zn-body__paragraph speakable\">Before the alarming earnings report, Nio&#8217;s shares had gained more than 50% following its <a href=\"https:\/\/money.cnn.com\/2018\/09\/12\/technology\/nio-ipo-new-york\/index.html\" target=\"_blank\">IPO in September<\/a> as investors bet that its flashy SUVs would win lots of customers in the world&#8217;s largest electric vehicle market. <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong (CNN Business)The company billed as China&#8217;s answer to Tesla has freaked out investors by warning that demand for its electric vehicles has failed to live up to expectations.Shanghai-based Nio&#8217;s (NIO) stock plummeted 18% in after-hours trading in New York after it reported late Tuesday that sales have been sluggish so far this year.&hellip;<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-34373","post","type-post","status-publish","format-standard","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/34373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34373"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/34373\/revisions"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}