Nio: Two dead when car crashes from building in Shanghai

A Nio employee and an employee of a partner company were killed in the accident, the Chinese electric car maker said in a statement on Thursday.
Both were in the test vehicle, which crashed at the Shanghai Innovation Park on Wednesday afternoon, Nioz NIO said in a Weibo post. The companies head office is located on the industrial estate.

It added that “according to analysis of the situation on the ground, we can provisionally confirm that it is an accident (not due to vehicle-related reasons).”

Nio also said he was cooperating with a police investigation into the cause of the accident.

The company did not respond to a request for additional comment from CNN Business.

Nio’s statement about the crash attracted at least 78 million views on Weibo and over 1,700 discussion posts. Videos circulating online show rescuers in orange suits trying to rescue passengers in the car, which appears to be badly damaged.
No cars were sold in Shanghai in April as Covid policy curbs activity

Founded by Chinese entrepreneur William Li in 2014, Nio has become one of the fastest-growing electric car start-ups in China and one of many homegrown rivals to Elon Musk’s Tesla.

Last year, according to the company, it delivered 91,429 vehicles, 109% more than in 2020. In the first five months of this year, it delivered 37,866 units, an increase of 12% from the same period a year ago.

Tesla was the top seller of pure EVs in China until April, when Covid lockdowns in Shanghai affected sales and supply chains. China’s BYD I WILLbacked by Warren Buffett, it overtook Tesla that month.

Nio listed its shares on the New York Stock Exchange in 2018.

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