Automakers

Nio said to plan budget EV for Europe

Nio showroom China
(BLOOMBERG)
R
By:
Reuters
May 02, 2023 08:13 AM

FRANKFURT -- Nio aims to grab market share from Volkswagen by introducing a model for the European market that will be sold for less than 30,000 euros ($33,060), the company's chairman told Germany’s Der Spiegel magazine.

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