Nio, Tesla’s Chinese Rival, Is Victim of Bitcoin Blackmail

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By Luc Olinga Hackers stole electric-vehicle manufacturer Nio’s user and sales data. Nio, one of Tesla’s (TSLA) – Get Free Report most serious Chinese rivals, just took a blow. Competition among carmakers has intensified in recent months, prompting each to give maximum focus to their operations and objectives so as not to lose ground to rivals. This competition is worsened as demand has slowed. Many economists are increasingly anticipating a recession in major economies due to aggressive monetary policies aimed at combating inflation, which is currently at its highest in several decades. The c…

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