Nio Is Launching a More Affordable Brand in Direct Challenge to Tesla

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Nio Inc. is launching a more affordable brand in China — a bid by the Chinese premium electric-vehicle maker to gain a firmer foothold in the world’s most competitive market as Tesla Inc.’s momentum slips.

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Exclusive-China's Nio turns to rival BYD to power new EV brand, sources sayChina electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete...
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