[SHANGHAI] Cash-strapped electric-car startup NIO is introducing its third sport utility vehicle (SUV), a streamlined model aimed at spurring demand in China's slowing EV market.

[HONG KONG] Some of China's wealthiest tycoons steered billions of dollars into electric-car companies in order to fuel the country's dreams of becoming a leader in the field.

NIO Inc, one of China's high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued US$200 million worth of bonds and was accelerating cost-cutting...