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Chinese electric car brand NIO looks at expansion abroad

Chinese electric car brand NIO looks at expansion abroad

4 years ago
Anonymous $qOHwDUKgAF

https://apnews.com/9b832e2dca2bc6b951da8560a78a9c08

BEIJING (AP) — Chinese electric car brand NIO plans to start expanding to Western markets next year and might export a battery-swapping service that could help it compete with rival Tesla, the company’s chairman said Thursday.

NIO, founded in 2014, pushed back foreign plans due to the coronavirus pandemic, William Li told reporters. He said the company is studying which market to start in and how to structure its operations.