Chinese EV Companies Pose Threat Despite Losses, Spurring European Investigation

Chinese electric vehicle manufacturers like Nio lose money on each car sold but grow with government backing.
Nio sells just 8,000 cars per month but employs 11,000 in R&D to lead in EV innovation.
China's strength in EVs worries traditional European and American automakers.
European politicians launched a probe into whether Chinese EVs get illegal subsidies.
Chinese companies excel in batteries, motors, and integrated EV systems.