Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Publishing timestamp: 2024-05-16 10:33:44
Summary
Nio launched its lower-priced brand Onvo with a new SUV that is cheaper than Tesla's Model Y. The company is adjusting its global market approach in light of geopolitical developments, focusing on local partnerships and operations. Nio aims to release one new car model per year under the Onvo brand and plans to offer a battery service subscription plan.
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Keywords: nio inc, climate, business news, asia news, autos, tesla inc,