TSLA) rival is considering a foray into countries that are electric vehicle-friendly. “We hope to begin with Europe,” Li told reporters, without giving further details, according to CNBC.
electric cars without a battery.” data-reactid=”22″>The Chinese firm also unveiled a “battery-as-a-service” product Thursday, where customers can subscribe to receive battery packs starting at $140, after purchasing electric cars without a battery.
Nio is collaborating with Tesla’s supplier Contemporary Amperex Technology Co. Ltd, better known as CATL, and others, in establishing a new company in Wuhan that will support its battery product.
Why It Matters
The automaker said it delivered a record 3,740 vehicles in June and over 10,000 for the second quarter. Nio shares have risen gained nearly 243% YTD.
VWAGY) announcing Thursday it had begun the production of its all-electric EV SUV.
Nio shares traded 0.58% lower at $13.70 in the pre-market session on Friday.
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