Open this photo in gallery: The Nio booth at the Auto Shanghai 2023, on April 19.QILAI SHEN/The New York Times News Service

Nio, a Chinese electric car company that competes with Tesla, employs 11,000 people in research and development, but sells a mere 8,000 cars per month.

China’s EV threat: A car maker that loses $35,000 a vehicle comes via ChinaTechNews.com.