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12 Aug
14:43

China’s Nio to launch mass-market EV brand

Chinese premium smart EV company Nio is developing a mass-market automotive brand offering prices lower than Tesla, its ceo William Li said on Thursday. “The relationship between Nio and our new mass-market brand will be like that of Audi-Volkswagen and Lexus-Toyota,” the executive said during the company’s Q2 earnings call. “We want to provide better product and service at prices lower than Tesla Inc’s.” Li didn’t discl…
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