Teslarati
DECEMBER 18, 2023
Chinese electric vehicle (EV) manufacturer Nio has garnered a $2.2 billion investment from a firm backed by the United Arab Emirates, as it continues to push to introduce its EVs in additional markets.
Baua Electric
MARCH 5, 2024
Chinese EV automaker NIO shared its Q4 2023 report today, followed by an analyst call that included some interesting updates about its plans for the year, expansion to new global markets, and the launch of not one but two EV sub-brands, including Alps. For example, NIO intends to enter markets in the United Arab Emirates (UAE) this year.
Baua Electric
MAY 7, 2024
Nevertheless, China, Europe and the United States also represent around two-thirds of total car sales and stocks, meaning that the EV transition in these markets has major repercussions in terms of global trends. Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised.
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