China's EV threat: A carmaker that loses $35,000 a car

SHANGHAI: 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...

Nio offers $350 augmented reality glasses for each seat in its cars, and has introduced a cellphone that interacts with the car's self-driving system...

The strike by the United Auto Workers union against three Detroit carmakers, now in its third week, is at its heart a conflict over electric vehicles: The companies say they must invest billions of dollars to retool their operations, while workers say they must defend their jobs from automation and technology while increasing their pay...

On Wednesday, European politicians worried by a wave of Chinese exports formally launched an investigation into whether electric car manufacturers in China have received government subsidies, a step that could lead Europe to impose tariffs..

"They look around and say does America have anything close to their ability on automation, and the answer is no," said Dunne, a former president of General Motors Indonesia.. Paul Gong, head of Asia automotive research for the bank UBS, predicted that Chinese carmakers would capture a third of the global car market by the end of the decade..

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