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Nio electric car crashes from the 3rd floor of the Shanghai building, killing two people

Hong Kong (CNN Business)Two people died this week when a Nio electric car hit the ground from the third floor did.Parking lot in Shanghai.

One of Nio's staff and an employee of a partner company died in an accident,Chinese electric car makersaid in a statement Thursday.
Both were in a test vehicle that crashed at Shanghai Innovation Park on Wednesday afternoon.Nio (NIO)said in a Weibo post. The company'sheadquarters is located in the industrial zone.

"According to an analysis of the situation at the site, it can be confirmed in advance that it is an accident (not due to vehicle-related reasons)," he added.

Nio also said he was cooperating with police investigations into the cause of the accident.

The company has not responded to CNN Business's request for additional comments.

Nio's statement about the crash has collected at least78 million viewswith Weiboand over 1,700 discussion posts. VideoCirculating online shows rescue workers in orange suits trying to save passengers in a car that appears to be badly damaged.

Founded in 2014 by Chinese entrepreneur William Li, Nio is one of China's fastest-growing electric vehicle startups and Elon Musk's Tesla's several domestic rivals. There is one.

According to the company, last year it delivered 91,429 vehicles, an increase of 109% from 2020. In the first five months of the year, we shipped 37,866 units, an increase of 12% over the same period last year.

Tesla was a pure EV top seller in China until April, when Covid's blockade in Shanghai affected sales and supply chains.China'sBYD (BYDDF)was boosted by Warren Buffett and overtook Tesla that month.

Nio was listed on the New York Stock Exchange in 2018.