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Traders work of the floor of the New York Stock Exchange (NYSE) on September 30, 2019 in New York City

Lixiang IPO: Chinese EV Startup Takes Cues From NIO, Tesla

The competition among Chinese electric vehicle (EV) manufacturers is fierce as it is (an understatement). In addition to that, burn rates are balefully high, which is a common theme, and funding and subsidies are mostly tied down. 

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