Tesla’s China-based competitor NIO suffers a cybersecurity breach with attackers demanding $2.25 million worth of Bitcoin. 
NIO has promised to take full responsibility for any resultant losses to customers and is working with the government to investigate the incident. 
Chinese electric vehicle manufacturer NIO has reported that it suffered a ransomware attack. The company revealed this through a press release.
It stated that it was made aware that certain of its user information was sold on the internet by third-parties for illegal purposes on Dec. 20. This included data on its vehicle sales in China before August 2021.
The Chinese Tesla competitor added that it is doing everything possible to support its customers through the cybersecurity breach. It has set up a dedicated support line and a support email to handle all complaints. It is also working with government authorities to investigate the incident.
“NIO deeply regrets this incident happened, and is doing everything poss

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