Chinese electric car company Nio, which competes with Tesla, employs 11,000 people in research and development but sells only 8,000 cars per month. Despite heavy investments in robots and technology, Nio is not profitable and lost $835 million from April to June. Chinese electric car companies receive government backing, allowing them to withstand losses and continue growing. Chinese automakers lead in battery technology and electric motor production, while also dominating the European market.
