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Automakers

Nio cuts prices, ends free battery swapping as sales slide

Nio ES6 upgraded 23
The new ES6 is pictured at the Shanghai auto show this year. The ES6 upgrades the brand’s design language.
R
By:
Reuters
June 12, 2023 06:59 AM

SHANGHAI -- Nio has cut prices on all its models and ended free battery swapping services to new buyers, as the Chinese electric-vehicle maker faces mounting pressure over earnings losses and lukewarm sales.

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